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Furnishings group says profit remains on track to meet expectations

Furnishings group Sanderson Design Group PLC has reported that trading continues to be in line with expectations.

Commenting on its latest trading update, Dianne Thompson, the chair of Sanderson Design Group, said: “Overall, trading at the Company in the financial year to date is broadly in line with the same period last year and profits remain on track to meet the Board’s full year expectations.

“The key growth trends outlined in our full year results on 28 April 2022 – including manufacturing, the Morris & Co. brand and the US – have continued strongly in the weeks following the results announcement. Licensing has also continued to perform well.

“Recent progress includes a Morris & Co. licensing agreement with the Emery Walker Trust announced in May and a Harlequin collaboration announced last month with Sophie Robinson, the interior designer and TV personality. Recent product launches, including Simply Morris and Ben Pentreath’s second Morris & Co. collection, have performed well.

“We continue to benefit from a strong net cash position whilst, in common with all businesses, we remain vigilant in respect of the world economic environment. We look forward to providing a further update on progress in our half year trading update on 4 August 2022.”

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