REG - ScS Group plc - Interim Trading Update

SCSAnnouncement

03/02/2022 07:00

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RNS Number : 5047A  ScS Group PLC  03 February 2022

 For Immediate Release  3 February 2022

 

 

ScS Group plc

("ScS", or the "Group")

Interim Trading Update

Significant order book growth and robust trading

ScS, one of the UK's largest retailers of upholstered furniture and flooring,
today issues the following trading update for the 26 weeks ended 29 January
2022, ahead of its interim results.

 

The Group traded well through the important winter sale period and order
intake for the first half of the year was in line with the Board's
expectations, with one year like-for-like order intake growth of 16.6%. Two
year like-for-like order intake is in line with that achieved in the
pre-pandemic 26 week period to 25 January 2020.

 

The Group's online offering and appeal to customers continues to strengthen,
with online order growth of 55.8% compared to the equivalent 26 week period to
25 January 2020.

 

The Group's order book has grown significantly against previous comparative
periods, driven by the ongoing demand and supply chain challenges which have
extended product lead times. As at 29 January 2022, the Group's order book is
double the size it was at 25 January 2020, at £148.0m. The Group is working
closely with suppliers to mitigate the risk of continued supply chain
disruption in the second half of the financial year.

 

The Board is pleased with the Group's bookings performance to date and it
remains on track to meet full year expectations.

 

ScS expects to announce its interim results on Tuesday, 22 March 2022. A
meeting for analysts will be held on the morning of the results, please
contact Buchanan via scs@buchanan.uk.com (mailto:scs@buchanan.uk.com) for
further details.

 

Enquiries:

 ScS Group PLC                           c/o Buchanan +44 (0)20 7466 5000

 Steve Carson, Chief Executive Officer

 Chris Muir, Chief Financial Officer
 Buchanan                                Tel: +44 (0)20 7466 5000

 Richard Oldworth                        scs@buchanan.uk.com (mailto:scs@buchanan.uk.com)

 Victoria Hayns

 Tilly Abraham
 Shore Capital                           Tel: +44 (0)20 7408 4050

 Patrick Castle

 James Thomas

 

Notes to Editors

ScS is one of the UK's largest retailers of upholstered furniture and
flooring, promoting itself as the "Sofa Carpet Specialist", seeking to offer
value and choice through a wide range of upholstered furniture and flooring
products. The Group's product range is designed to appeal to a broad customer
base with a mid-market priced offering and is currently traded from 99 stores.

 

The Group's upholstered furniture business specialises primarily in fabric and
leather sofas and chairs. ScS sells 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). The Group also offers a range of third party brands (which
include La-Z-Boy and G Plan). The Group's flooring business includes carpets,
as well as laminate and vinyl flooring.

 

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