Sanderson Design Group PLC AGM Statement (5028D)
June 22 2023 - 1:00AM
UK Regulatory
TIDMSDG
RNS Number : 5028D
Sanderson Design Group PLC
22 June 2023
For immediate release 22 June 2023
SANDERSON DESIGN GROUP PLC
("Sanderson Design Group", the "Company" or the "Group")
AGM Statement
"The Company continues to trade in line with the Board's
expectations for the full year"
Sanderson Design Group PLC (AIM: SDG), the luxury interior
design and furnishings group, will hold its Annual General Meeting
("AGM") at 10.00am today. At the AGM, Dianne Thompson, the Chair of
Sanderson Design Group, will make the following statement on
current trading:
"Licensing has continued to perform strongly in the current year
with the announcement of major licensing deals with NEXT and
Sainsbury's in February and March respectively, mitigating the
continued uncertainty in the UK consumer environment which has
impacted UK brand sales and had a knock-on effect on
manufacturing.
"The US, a major focus for the Company, continues to trade
positively. Along with the executive management team, I recently
attended New York's Design Week, visiting our showroom in New York
and meeting designers and customers. I was very encouraged by their
feedback. The recent launch in the US of Morris & Co. outdoor
performance fabrics was well received and, whilst these collections
will be made available globally, we see particular potential for
them in the US.
"European markets are beginning to show signs of improvement,
particularly in the south of Europe, and the Middle East is also
performing well.
"In terms of upcoming launches, we are excited by Harlequin's
Sophie Robinson collaboration and by the Disney Home x Sanderson,
vintage-inspired launch in the autumn.
"The Company continues to trade in line with Board expectations
for the full year, and has a robust net cash position. We have a
strong portfolio of brands, an exciting pipeline of product and
licensing opportunities and we continue to benefit from our
business mix, which is currently being led by the strength of our
licensing activities. We look forward to providing a further update
on trading in the half year to 31 July 2023 on 8 August 2023."
For further information:
Sanderson Design Group PLC c/o Buchanan +44 (0)
20 7466 5000
Lisa Montague, Chief Executive Officer
Mike Woodcock, Chief Financial Officer
Caroline Geary, Company Secretary
Investec Bank plc (Nominated Adviser
and Joint Broker) +44 (0) 20 7597 5970
David Anderson / Alex Wright / Ben
Farrow
Singer Capital Markets (Joint Broker) +44 (0) 20 7496 3000
Tom Salvesen / Jen Boorer / Alex Emslie
Buchanan +44 (0) 20 7466 5000
Mark Court / Toto Berger / Abigail
Gilchrist
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, Clarke & Clarke and Scion.
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 worldwide. It has showrooms in London, New York,
Chicago and Amsterdam.
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
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
AGMFLFVRRIILFIV
(END) Dow Jones Newswires
June 22, 2023 02:00 ET (06:00 GMT)
Sanderson Design (LSE:SDG)
Historical Stock Chart
From Apr 2024 to May 2024
Sanderson Design (LSE:SDG)
Historical Stock Chart
From May 2023 to May 2024