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REG - Sanderson Design Grp - AGM Trading Update

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RNS Number : 0914S  Sanderson Design Group PLC  12 July 2022

 For immediate release
                                                   12 July 2022

 

 

SANDERSON DESIGN GROUP PLC

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

 

AGM Trading Update

 

Sanderson Design Group PLC (AIM: SDG), the luxury interior design and
furnishings group, will hold its Annual General Meeting ("AGM") at 10.00am
today. At the AGM, Dianne Thompson, the chair of Sanderson Design Group, will
make the following statement on current trading:

"Overall, trading at the Company in the financial year to date is broadly in
line with the same period last year and profits remain on track to meet the
Board's full year expectations. The key growth trends outlined in our full
year results on 28 April 2022 - including manufacturing, the Morris & Co.
brand and the US - have continued strongly in the weeks following the results
announcement. Licensing has also continued to perform well.

"Recent progress includes a Morris & Co. licensing agreement with the
Emery Walker Trust announced in May and a Harlequin collaboration announced
last month with Sophie Robinson, the interior designer and TV personality.
Recent product launches, including Simply Morris and Ben Pentreath's second
Morris & Co. collection, have performed well.

"We continue to benefit from a strong net cash position whilst, in common with
all businesses, we remain vigilant in respect of the world economic
environment. We look forward to providing a further update on progress in our
half year trading update on 4 August 2022."

 

For further information:

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

 Investec Bank plc (Nominated Adviser and Broker)  +44 (0) 20 7597 5970
 David Anderson / Alex Wright / Ben Farrow

 Buchanan                                          +44 (0) 20 7466 5000
 Mark Court / 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, Scion, Clarke & Clarke and Archive by Sanderson Design.

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 600 people and its products are
sold worldwide. It has showrooms in London, New York, Chicago, Amsterdam and
Dubai.

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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