Sanderson Design Group PLC (GB:SDG) has released an update.
Sanderson Design Group PLC has reported a decrease in brand product sales by 9% for the first 22 weeks of the financial year, with UK sales down 14% in light of challenging market conditions. This decline, coupled with inflationary pressures, is expected to result in lower profitability, with underlying profits before tax projected around £8 million. The company is responding by accelerating strategic initiatives and cost-saving measures, while maintaining a strong cash position to navigate the subdued consumer environment.
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