Sanderson Design Group: Progressive Research
Sanderson Design Group is a luxury interior furnishings company, specialising in wallpapers, fabrics and paints.
Strategic growth pillars bolster results
Sanderson Design Group has delivered its full-year trading update to 31 January 2024. Group revenue has eased back 3.1% to £108.5m on a reported basis, following the 2% decline in H1. The strongest performances were delivered by the strategic growth cornerstones of Licensing and North America, offset by challenging market conditions in the UK, Europe and the Rest of the World. A strong balance sheet saw year-end cash rise to £16.2m, compared with £15.4m at year-end FY23. Having traded in line with management expectations, underlying profit of around £12m is expected for FY24, with similar also indicated for FY25 reflecting cost pressures.
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