Sanderson Design Group PLC (GB:SDG) has released an update.
Sanderson Design Group PLC, a luxury interior furnishings company, reported a 3.0% decrease in revenue to £108.6 million and a slight 3.2% drop in adjusted underlying profit before tax to £12.2 million for the fiscal year ending January 31, 2024. Despite a challenging consumer environment, the company saw a record year in licensing sales, which surged by 67.7% to £10.9 million, bolstered by significant new agreements with major retailers. The North American market demonstrated robust performance, with brand product sales rising by over 8%, while the total manufacturing sales experienced a 10.3% decline.
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