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Highlights
- SDG's revenue declined marginally in FY24 amid challenging consumer conditions
- SDG declared a final dividend of 2.75 pence per share, payable on August 9, 2024, with an ex-dividend date of July 11, 2024.
- SDG achieved a current ratio of 3.33x and a gross margin of 67.8% in FY24, surpassing industry medians of 3.04x and 21.3%, respectively.
- Looking ahead, the company anticipates underlying pre-tax profits to reach approximately £8 million in FY25.
Sanderson Design Group PLC (LSE: SDG) is a luxury interior design and furnishing company. The company’s market capitalization stands at GBP 60.6mn. It is a constituent of the FTSE AIM All-Share index.
The company's revenue witnessed a marginal decline during FY24 because of the challenging consumer environment. SDG has declared a final dividend of 2.75 pence per share. It is slated to be paid on 09 August 2024. It has an ex-dividend date of July 11, 2024.
On a positive note, the company had a higher current ratio of 3.33x and a higher gross margin of 67.8% in FY24, versus the industry median of 3.04x and 21.3%, respectively.
Recent business update
As per the company’s FY25 trading update published on 27 June 2024, its total brand product sales went down 9% on a year-over-year basis. UK brand product sales dropped around 14% for the first 22 weeks of FY25.
Company outlook
The company maintained its emphasis on product packaging at its warehouses, achieving a 15% reduction in plastic usage and a 12% reduction in cardboard during FY24. Additionally, CO2 emissions decreased by 10.4% compared to the previous fiscal year on a location-specific basis. Looking ahead, the company anticipates underlying pre-tax profits to reach approximately £8 million in FY25. In response to uncertainties in the UK consumer environment, the company plans to prioritise international market opportunities moving forward.
Top 10 Shareholders
The top ten shareholders of SDG together own approximately 58.29% of the total shares. Octopus Investments Limited holds the largest stake, accounting for approximately 10.96% of the shares, followed by Close Brothers Asset Management with approximately 9.98%, as illustrated in the chart below:
Stock performance
SDG's stock price has experienced a downturn, falling approximately 19.32% over the past month and declining by about 33.04% over the last six months. The stock's 52-week trading range shows a low of GBX 70.10 and a high of GBX 130.00, with its current trading level situated below the midpoint of this range.
Note 1: Past performance is not a reliable indicator of future performance.
Note 2: The reference data for all price data, currency, technical indicators, support, and resistance levels is 22 July 2024. The reference data in this report has been partly sourced from EODHD/Others.
