DFS Furniture (DFS)

Sector:

Retailers

Index:

FTSE Small Cap

284.50p
   
  • Change Today:
      5.00p
  • 52 Week High: 290.50
  • 52 Week Low: 210.50
  • Currency: UK Pounds
  • Shares Issued: 212.25m
  • Volume: 23,822
  • Market Cap: £603.86m
  • RiskGrade: 168

DFS full-year profits rise but recent order intake 'subdued'

By Michele Maatouk

Date: Thursday 26 Sep 2019

LONDON (ShareCast) - (Sharecast News) - DFS Furniture posted a rise in full-year profit on Thursday but said recent trading had been "subdued" amid political and economic uncertainty.
On a pro forma basis, pre-tax profit for the 52 weeks to the end of June rose 31.1% from the 52 weeks to 28 July 2018 to £50.2m on revenue of £996.2m, up 14.4% on the previous year. Like-for-like sales on a pro forma basis were 5.7% higher, with growth across all brands and the full year impact of the Sofology acquisition.

In the 48 weeks to the end of June, however, pre-tax profit fell 13.2% to £22.4m compared to the 52 weeks to 28 July.

Chief executive officer Tim Stacey said: "Our trading performance for the last financial year was good overall, as we continue to execute our new strategy to lead sofa retailing in the digital age."

However, he also warned that order intake levels in the first 12 weeks of the year have been "subdued" amid an "increasingly uncertain political and economic backdrop". The company highlighted lower levels of footfall across its brands. This was attributed to weaker consumer confidence and a drop in housing transactions, which it said are the two key drivers of the upholstery market.

"Our financial performance in the year ahead will inevitably be dependent on broader political and economic developments and at this stage it is difficult to predict what will happen specifically within the upholstery market," Stacey said.

At 1040 BST, the shares were down 1.3% at 223.53p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

DFS Furniture Market Data

Currency UK Pounds
Share Price 284.50p
Change Today 5.00p
% Change 1.79 %
52 Week High 290.50
52 Week Low 210.50
Volume 23,822
Shares Issued 212.25m
Market Cap £603.86m
RiskGrade 168

DFS Furniture Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
58.29% above the market average58.29% above the market average58.29% above the market average58.29% above the market average58.29% above the market average
2.04% below the sector average2.04% below the sector average2.04% below the sector average2.04% below the sector average2.04% below the sector average
Price Trend
71.22% above the market average71.22% above the market average71.22% above the market average71.22% above the market average71.22% above the market average
66.67% above the sector average66.67% above the sector average66.67% above the sector average66.67% above the sector average66.67% above the sector average
Income
28.48% above the market average28.48% above the market average28.48% above the market average28.48% above the market average28.48% above the market average
31.58% below the sector average31.58% below the sector average31.58% below the sector average31.58% below the sector average31.58% below the sector average
Growth
78.89% below the market average78.89% below the market average78.89% below the market average78.89% below the market average78.89% below the market average
29.63% below the sector average29.63% below the sector average29.63% below the sector average29.63% below the sector average29.63% below the sector average

What The Brokers Say

Strong Buy 2
Buy 0
Neutral 1
Sell 0
Strong Sell 0
Total 3
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

DFS Furniture Dividends

  Latest Previous
  Final Interim
Ex-Div 05-Dec-19 30-May-19
Paid 27-Dec-19 19-Jun-19
Amount 7.50p 3.70p

Trades for 21-Jan-2020

Time Volume / Share Price
12:19 177 @ 284.50p
12:19 191 @ 284.50p
12:19 134 @ 284.50p
12:02 112 @ 284.50p
12:02 53 @ 284.50p

DFS Furniture Key Personnel

CEO Tim Stacey

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