South Africa's Steinhoff International group, owner of UK retail brands Bensons and Harveys, and manufacturing names including Myers and Slumberland, has announced "a solid set of results" for the three months ended 31st March 2016, traditionally the slowest trading quarter for the group.
For the nine months ended 31st march 2016, revenue increased by 45% to €9.9b, while operating profit increased by 46% to €1.1b. Operating margin grew to 11%.
Growth in the UK's household goods retail businesses continued, led by a strong performance in bedding. This resulted in market share gains and was further supported by real market growth.
