REG - Sanderson Design Grp - AGM Statement

Sanderson DesignAnnouncement

Wed 07:02

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RNS Number : 2644O  Sanderson Design Group PLC  25 June 2025

 25 June 2025

SANDERSON DESIGN GROUP PLC

("Sanderson Design Group", the "Company" or the "Group")

 

AGM Statement

Trading in line with Board expectations for the full year

 

Sanderson Design Group PLC (AIM: SDG), the luxury interior design and
furnishings group, will hold its Annual General Meeting ("AGM") at 10.00 a.m.
today. At the AGM, the Group's Chair, Dianne Thompson, will make the following
statement:

 

"Overall, the Group continues to trade in line with the Board's expectations
for the full year.

"In our full year results announcement on 30 April 2025 we reported that the
announcement of tariffs in early April had impacted order intake in all
regions. I am pleased to report that this pressure eased in May and that order
intake has improved so far in June compared with the same time last year.
Geographically, this improvement has been seen across the UK, USA and Northern
Europe though we remain cautious given the pace of recent macro-economic
events.

"The retail launch of the Highgrove by Sanderson collection on 1 May 2025 has
been very well received. Requests for samples have been the strongest of any
Sanderson launch and initial sales are highly encouraging. The collection's
Rose Pergola fabric and The Stumpery wallpaper have so far led sampling and
sales.

"Our licensing segment continues to perform well and in line with Board
expectations, with strong growth in underlying performance reflecting revenue
generation from previously signed agreements. New licensing agreements signed
during the year-to-date include a wide range of category specialists and other
retailers.

"Cost-saving measures at our factories, to align with volume expectations and
the trend to digital printing, were implemented earlier this year. Our
manufacturing operations are on track to achieve around break-even for the
current financial year. We continue to focus on identifying further
cost-saving measures across the Group in view of the ongoing market
uncertainty.

"Inventory has reduced as planned since the start of the financial year and
consequently the net cash position is beginning to build.

"We look forward to providing a further update in our Half Year Trading Update
on 7 August 2025."

 

 

 

For further information:

 Sanderson Design Group PLC                                   c/o Burson Buchanan +44 (0) 20 7466 5000
 Lisa Montague, Chief Executive Officer
 Mike Woodcock, Chief Financial Officer

 Investec Bank plc (Nominated Adviser and Joint Broker)       +44 (0) 20 7597 5970
 David Anderson / Charlotte Young

 Singer Capital Markets (Joint Broker)                        +44 (0) 20 7496 3000
 Tom Salvesen / Jen Boorer / James Todd

 Burson Buchanan                                              +44 (0) 20 7466 5000
 Mark Court / Sophie Wills / Toto Berger / Abigail Gilchrist
 SDG@buchanan.uk.com (mailto:SDG@buchanan.uk.com)

 

Notes for editors:

About Sanderson Design Group

Sanderson Design Group PLC is a luxury interior furnishings company that
designs, manufactures and markets wallpapers, fabrics and paints. In addition,
the Company derives licensing income from the use of its designs on a wide
range of products such as bed and bath collections, rugs, blinds and
tableware.

Sanderson Design Group's brands include Zoffany, Sanderson, Morris & Co.,
Harlequin, Clarke & Clarke and Scion.

The Company has a strong UK manufacturing base comprising Anstey wallpaper
factory in Loughborough and Standfast & Barracks, a fabric printing
factory, in Lancaster. Both sites manufacture for the Company and for other
wallpaper and fabric brands.

Sanderson Design Group employs approximately 550 people and its products are
sold worldwide. It has showrooms in London, New York and Chicago.

Sanderson Design Group trades on the AIM market of the London Stock Exchange
under the ticker symbol SDG.

For further information please visit: www.sandersondesigngroup.com
(http://www.sandersondesigngroup.com)

 

 

 

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