26 May 2024, 04:36
By Furniture News Aug 09, 2016

ScS reports sustained momentum

ScS has seen momentum continue since its 9th June trading update, with total LFL sales order intake having increased by 14.8% for the 53 weeks ended 30th July.

As a result, the group expects to report profits in line with current market expectations.

It has also announced the refinancing of its debt facilities, extending the maturity of its committed £12m bank facility to October 2018, and the facility has been renegotiated at a lower margin.

CEO David Knight comments: “We are delighted that trading was strong throughout the EU referendum campaign and has continued since the vote with progress on a LFL basis in all retail categories.”

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