<< Back to Research archive

Published on: June 27, 2024

Weakening UK demand adversely affects the full-year profit outlook

Sanderson Design Group (SDG) noted in its full-year results announcement in April that trading conditions would likely remain challenging in the current financial year (FY25). Trading conditions in the UK, its largest geographic market, have since deteriorated further in May and June, with UK product sales down 14% in the year to date. Manufacturing activity is in line with last year but below current-year expectations. Consequently, current-year trading performance and profitability are expected to be significantly below earlier expectations.

Related Content