UK's DFS Furniture falls on slower H2 growth expectation

DFS Furniture

17/01/2025 10:08

** Shares of British retailer DFS Furniture  DFSD.L  down
~1.3% at 137 pence 
    ** Co expects gains from competitor disruption in H1 to
partially reverse in H2
    ** DFSD expects H1 profit before tax & brand amortisation to
be between 16 mln pounds and 17 mln pounds ($19.5 mln-$20.7
mln), vs 8.7 mln pounds a year ago
    ** While H2 has begun solidly, we do not expect DFS to
achieve double-digit order intake growth, say analysts at Peel
Hunt
    ** We are cautiously optimistic despite increased
inflationary pressures and less positive market outlook for
2025, says Group Chief Executive Tim Stacey
    ** Co expects FY25 PBT to be in-line with current consensus
    ** Stock rose ~17% in 2024 


($1 = 0.8201 pounds)

 (Reporting by Ankita Bora in Bengaluru)
 ((Ankita.Bora@thomsonreuters.com))