Short delay to preliminary results
09/10/2023 07:00
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RNS Number : 0514P ScS Group PLC 09 October 2023
For immediate release 9 October 2023
ScS Group plc
("ScS", or the "Group")
Short delay to preliminary results
The Group's audited preliminary results for the 52 weeks ended 29 July 2023
(the "Full Year Results") will now be announced on 25 October 2023. ScS had
expected to announce Full Year Results on 10 October 2023. The results
preparation process is substantially complete, but the Board has concluded
that a short delay is required for finalisation. The Group's Full Year Results
will be in line with the full year trading update, as announced on 3 August
2023. Apart from the short delay, the year-end process has been as expected
and the Board has no concerns whatsoever in this regard and is confident that
the Full Year Results will be concluded and published within the new
timeframe.
Enquiries:
ScS Group PLC c/o Buchanan +44 (0)20 7466 5000
Steve Carson, Chief Executive Officer
Chris Muir, Executive Director
Mark Fleetwood, Chief Financial Officer
Buchanan Tel: +44 (0)20 7466 5000
Richard Oldworth scs@buchanan.uk.com (mailto:scs@buchanan.uk.com)
Toto Berger
Verity Parker
Shore Capital Tel: +44 (0)207 408 4050
Patrick Castle
James Thomas
Iain Sexton
Notes to Editors
ScS is one of the UK's largest retailers of sofas, flooring and furniture. We
trade as two separate brands- the core ScS brand and the newly acquired Snug
brand.
The ScS brand seeks to offer value and choice through a wide range of sofas,
flooring and furniture products. The product range is designed to appeal to a
broad customer base with a mid-market priced offering and is currently traded
from 100 stores. The brand specialises primarily in fabric and leather sofas
and chairs, selling a range of branded products which are not sold under
registered trademarks and a range of branded products which are sold under
registered trademarks owned by ScS (such as Endurance, Inspire and SiSi
Italia). It also offers a range of third party brands (which include La-Z-Boy,
Ideal Home and G Plan). The flooring business includes carpets, rugs, wood,
laminate and luxury vinyl tiling.
Snug is an innovative digital-first sofa and sofa-bed business specialising in
modular and re-configurable sofas, with quick delivery and excellent quality
and customer service. Although predominantly online, Snug also operates from
three stores in Leeds, Bristol and Westfield London, and 23 concessions
throughout the UK.
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