UK's Sanderson Design H1 revenue rises 6% on US, manufacturing growth
UK's Sanderson Design H1 revenue rises 6% on US, manufacturing growth
Overview
UK luxury furnishings group's H1 revenue rose 6% to £51.4 mln
North America and manufacturing segments drove double-digit revenue growth
Company expects full-year trading to be in line with market expectations
Outlook
Company expects full-year trading to be in line with market expectations
Sanderson Design continues to focus on growth in North America and direct-to-consumer channels
FY27 market expectations for adjusted underlying PBT are £6.5m
Result Drivers
NORTH AMERICA GROWTH - Co said 19% revenue growth in North America was driven by expanded networks and strong demand for heritage British brands
MANUFACTURING RECOVERY - Co attributed 19% rise in manufacturing revenue to operational restructuring and increased demand from external brands
DIRECT-TO-CONSUMER SALES - Co said direct-to-consumer revenue more than doubled as new sales channels became better established
Company press release: ID:nRSG6696Pa
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
H1 Revenue |
| GBP 51.4 mln |
|
Analyst Coverage
The one available analyst rating on the shares is "buy"
The average consensus recommendation for the home furnishings peer group is "buy"
Wall Street's median 12-month price target for Sanderson Design Group PLC is GBp89.00, about 14.8% above its August 6 closing price of GBp77.50
Reuters Recommended Reads
Aug 5 - Next raises profit outlook again as warm weather boosts summer sales
Aug 6 - Arhaus Q2 revenue beats estimates
Aug 6 - Dixie Group Q2 sales flat, profit margin edges up
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(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.)