22
November 2024
For
immediate release
DFS Furniture
plc
Trading update and Directorate
change
DFS Furniture plc (the "Group",
"DFS"), the market leading retailer of living room and upholstered
furniture in the United Kingdom, provides the following update in
advance of its Annual General Meeting later today.
Trading performance
As announced at our full year FY24
results on 25 September 2024 we noted an improvement in trading
performance in the final quarter of the period with year on year
growth in our order intake. This trend has continued into the
current financial year, with order intake remaining in growth over
the first 20 weeks of the period, inline with our expectations. In
addition, the progress made on reducing our cost base through FY24
has also continued through the current financial year to
date.
We will provide further details on
Group performance at the post close announcement on 17 January
2025.
Appointment of Interim Chief Financial
Officer
Marie Wall will be joining the
business as Interim Chief Financial Officer on 2 December 2024 and
will report into Chief Executive Officer, Tim Stacey. Marie has
previously held senior finance roles at Imperial Brands, Wolseley
and Dixons Carphone.
Following the announcement on 17
October 2024, DFS confirms that John Fallon will step down from the
Board on 22 November 2024 and will leave the business on 17 January
2025, ensuring a thorough handover to Marie.
Steve Johnson, Chairman, said,
"Marie's experience and skills make her ideally suited to take on
the role of Interim CFO, I am delighted Marie has agreed to join
DFS at this key moment for the Group."
Tim Stacey, CEO, said "I am very
pleased to welcome Marie to our Group. She is a strong addition to
our leadership team bringing with her a wealth of financial
leadership experience, as we pursue our growth
strategy."
There are no other disclosures
required under Listing Rule 9.6.13
Enquiries:
DFS
(enquiries via Tulchan)
Liz McDonald (Group Company
Secretary)
Phil Hutchinson (Investor
Relations)
investor.relations@dfs.co.uk
Teneo
James Macey-White
Ayo Sangobowale
Victoria Boxall
+44 (0)20 7353 4200
85fs.dfs@teneo.com
About
DFS Furniture plc
The Group is the clear market-leading
retailer of living room furniture in the United Kingdom. Our Group
purpose is to bring great design and comfort into every living
room, in an affordable, responsible, and sustainable manner. We
operate an integrated physical and digital retail network of living
room furniture showrooms and web sites in the United Kingdom and
Republic of Ireland, trading through our leading brands, DFS and
Sofology. We attract customers through our targeted and national
marketing activities and our reputation for high quality products
and service, breadth of product offer and favorable consumer
financing options. We fulfill orders for our exclusive product
ranges through our own three UK finished goods factories, and
through manufacturing partners located in the UK, Europe, and Far
East, and delivered with care through our expert final-mile
delivery service "The Sofa Delivery Company Limited".
