After a challenging start to the year marked by a 6% decline in revenue in Q1, Meuble Intérieurs managed to reverse the trend in Q2 2025.
Revenue increased by 8% compared to the same period in 2024, partially offsetting the earlier downturn. For H1 2025, the company’s revenue (SAM) showed a 2% increase year-on-year.
However, export activity saw a significant drop as of June 30, 2025. This decline stems primarily from a high comparison base due to an exceptional 2024 contract in Libya, which alone accounted for 66% of H1 2024 export revenue.
Despite the export slowdown, the positive SAM trend contributed favorably to overall performance. Consolidated revenue rose by 4% in H1 2025, reflecting sustained internal momentum.
As of end-June 2025, the confirmed order book reached 3.5 million dinars, providing strong visibility for future activity and signaling expected revenue improvement in H2 2025.
Meuble Intérieurs cut its investment spending, cumulative investment as of June 30, 2025, fell by 14% year-on-year, reflecting more cautious resource management amid cash-flow pressures.
However, debt rose sharply, reaching 1 million dinars by end-June (a 49% increase). This surge is attributed to inventory financing (0.4 million dinars), aimed at securing H2 delivery commitments while stabilizing cash flow.
