Published on: April 29, 2022
A strong profit advance over FY21 and FY20
Sanderson Design Group (SDG) delivered a strong performance in FY22, achieving adjusted underlying profit before tax of £12.5m, an increase of 79% over FY21 and 67% over FY20. This reflected both a return to more normalised trading conditions and the continued delivery of its Live Beautiful strategic framework. Net cash rose by £4m to £19.1m at the year end, with a final declared dividend of 2.75p delivering a full year total of 3.5p. The standout performers were in-house manufacturing (+31%) and the high-margin licensing stream (+40%). Within Brands, the strongest growth rates were achieved by the heritage brands of Morris & Co (+30%) and Sanderson (+24%). We have raised outer year forecasts on the back of the profit outperformance against our expectations achieved in FY22.