Corrects revenue in Key Details table to GBP 99.5 mln, from GBP 70.10 mln
Overview
UK luxury interior firm's FY revenue fell 1% to £99.5 mln
Adjusted underlying profits expected to rise to at least £5 mln
Net cash position improved to £9.8 mln at year-end
Outlook
Company sees increasing momentum in US, manufacturing, and DTC channels
Company notes subdued UK trading conditions
Sanderson Design confident in strategy for the year ahead
Result Drivers
US SALES GROWTH - Strong growth in brand sales in the US and other overseas markets contributed to overall performance
LICENSING PERFORMANCE - Robust licensing performance throughout the year supported cash generation
COST SAVINGS - Strategic cost-saving initiatives drove strong growth in profitability
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
FY Revenue
GBP 99.5 mln
Analyst Coverage
The one available analyst rating on the shares is "strong buy"
The average consensus recommendation for the home furnishings peer group is "buy."
The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 8 three months ago
Press Release: ID:nRSJ3246Sa
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)