In its preliminary results for the year ended 25th July 2015 (unaudited), upholstered furniture and floorings retailer ScS Group reports that gross sales were up 13.2% to £292.2m (2014 – £258.2m), revenue up 13.4% to £276.7m, and like-for-like order intake was up 5%. Gross profit increased 12.5% to £127.2m.
A loss per share of 5.56p was reported (2014: earnings 14.78 pence).
Last year, ScS launched a House of Fraser concession in 30 stores, and opened three new stores, in Abbotsinch in Glasgow, Croydon and Slough, taking its portfolio to 96. Gross online sales were up 25.4% to £8.4m.
CEO David Knight comments: “We are encouraged by our trading performance since the start of the current financial year and we are in line with our expectations. However, we remain mindful that we continue to face strong comparatives during the remainder of the first half of the year and that a number of key trading periods are ahead of us.
"With a strong brand, broad product range with good consumer appeal, an excellent network of well-invested stores, with an opportunity to expand from our existing geographic footprint, and growth from the continued development of the House of Fraser concession, the group has a clear growth strategy. We look forward to the year ahead and beyond with confidence.”
Sales order intake was up 13.3% on a like-for-like basis for the nine weeks to 26th September 2015.