Updates

Sanderson Design - Broker increases pretax forecasts 14%

September 2021

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

The shares surged to a new high of 208p after Sanderson said H1 ‘22 profits are expected to be ahead of expectations, helped by pent up demand for home interiors, the trend towards maximalism and increased demand for British design post Brexit.North America performed strongly with sales up 14% with Northern Europe rising 5.3%. By brand, Sanderson is performing notably well, aided by its well received 160th anniversary collection and Maro Itoje campaign.Manufacturing rose 20.5% versus FY’20 with full order books in the UK and internationally while core licencing income is +28.6%. Net cash stands at £13.9m.Investec has upgraded this year’s pretax profit forecasts by 14% to £10.9m for eps of 1 ...

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