Sanderson Design Group PLC Trading Update (4350M)
January 21 2021 - 2:00AM
UK Regulatory
TIDMSDG
RNS Number : 4350M
Sanderson Design Group PLC
21 January 2021
For immediate release 21 January 2021
SANDERSON DESIGN GROUP PLC
("Sanderson Design Group", the "Company" or the "Group")
Trading Update
Sanderson Design Group PLC (AIM: SDG), the luxury interior
design and furnishings group, announces a trading update further to
the Company's trading update issued on 21 December 2020, a time of
escalating Covid-19 restrictions and uncertainty in connection with
Brexit.
At that time the Company stated that, in the key nine-week
selling period of October and November 2020, brand product sales
were up 7 per cent compared with the same period in 2019. Brand
product sales in December 2020 have been stronger than expected, up
approximately 15 per cent compared with December 2019. Brand
product sales in January 2021 started well but have now been
tempered by current UK national lockdown restrictions.
The Company's manufacturing operations also performed more
strongly in December 2020 than expected with sales up approximately
33 per cent compared with December 2019. Manufacturing has
performed well to date this month.
This performance in both brand product sales and manufacturing
has resulted in revenues being ahead of Board expectations and
which, owing to the Group's operational gearing and the cost
savings already implemented, has translated largely into profit.
The Board now expects profit before tax for the year ending 31
January 2021 to be not less than GBP6.3 million.
As stated in the Company's trading update on 21 December 2020,
the Company's balance sheet remains robust, preparing the business
for ongoing uncertainty in the trading outlook in the current
calendar year.
For further information:
c/o Buchanan +44 (0) 20
Sanderson Design Group PLC 7466 5000
Lisa Montague, Chief Executive Officer
Michael Williamson, Chief Financial
Officer
Caroline Geary, Company Secretary
Investec Bank plc (Nominated Adviser
and Broker) +44 (0) 20 7597 5970
David Anderson / Alex Wright / Henry
Reast
Buchanan +44 (0) 20 7466 5000
Mark Court / Sophie Wills / Toto
Berger / Charlotte Slater
SDG@buchanan.uk.com
Notes for editors:
About Sanderson Design Group
Sanderson Design Group PLC is a luxury interior furnishings
company that designs, manufactures and markets wallpapers, fabrics
and paints. In addition, the Company derives licensing income from
the use of its designs on a wide range of products such as bed and
bath collections, rugs, blinds and tableware.
Sanderson Design Group's brands include Zoffany, Sanderson,
Morris & Co., Harlequin, Scion, Anthology, Clarke & Clarke
and Studio G.
The Company has a strong UK manufacturing base comprising Anstey
wallpaper factory in Loughborough and Standfast & Barracks a
fabric printing factory, in Lancaster. Both sites manufacture for
the Company and for other wallpaper and fabric brands.
Sanderson Design Group employs approximately 600 people and its
products are sold in more than 85 countries worldwide. It has
showrooms in London, New York, Chicago, Paris, Amsterdam and
Dubai.
Sanderson Design Group trades on the AIM market of the London
Stock Exchange under the ticker symbol SDG.
For further information please visit:
www.sandersondesigngroup.com
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END
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