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Published on: October 11, 2023

Interim profits rise – reflecting strength in strategic growth pillars

Sanderson Design Group (SDG) has reported an 8% increase in interim adjusted PBT, to £6.8m. This was achieved despite a weak backdrop in the home UK market and a 2% decrease in overall group revenue. Increased profitability was driven by strong performances in two of its key and higher-margin strategic growth pillars – Licensing and North America – which grew by 82% and 10%, respectively, on a reported basis. New product launches, including Disney Home x Sanderson, have seen sampling running at encouragingly high levels, boding well for the medium term. With H2 trading likely to broadly reflect H1 patterns, we have recast the shape of our forecasts, though with unchanged PBT and EPS outturns.

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