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Sanderson Design Group PLC ( (GB:SDG) ) just unveiled an update.
Sanderson Design Group PLC announced a trading update indicating a challenging financial year ending 31 January 2025, with expected sales of approximately £101 million, slightly below earlier forecasts. The company faces subdued demand, particularly in the UK market, impacting profitability, and anticipates underlying pre-tax profits to be between £4.0 million and £4.8 million. Despite these challenges, licensing revenues show positive momentum, and the company is focusing on strategic changes, efficiency, and cost savings to adapt to the current environment, supported by a robust balance sheet and undrawn credit facilities.
More about Sanderson Design Group PLC
Sanderson Design Group PLC is a luxury interior furnishings company that designs, manufactures, and markets wallpapers, fabrics, and paints. It also earns licensing income from its designs on products such as bed and bath collections, rugs, blinds, and tableware. The company operates notable brands like Zoffany, Sanderson, Morris & Co., Harlequin, Clarke & Clarke, and Scion, with manufacturing facilities in the UK and showrooms in London, New York, and Chicago. It is listed on the AIM market of the London Stock Exchange under the ticker SDG.
YTD Price Performance: -10.0%
Average Trading Volume: 151,048
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £38.88M
Learn more about SDG stock on TipRanks’ Stock Analysis page.
