DFS boosted by improved order volumes
DFS has seen an uptick in order volumes after previously saying the upholstery market was in significant decline during July and August.
In a statement today, the company said trading has improved since early September with order volumes growing relative to the previous financial year and also to pre-pandemic levels three years ago.
DFS said it is on track to achieve a pre-tax profit of around £36 million for the current financial year.
As previously announced, Ian Durant has stepped down as the company’s chair and been succeeded by Steve Johnson at the close of the firm’s AGM today.
Tim Stacey, DFS chief executive, said: “We are pleased to report that since mid-September we have seen positive year-on-year order volume growth. While we continue to be watchful of the macro-economic environment, we continue to take market share and our market leading position, inherent scale and proven strategy give us confidence in our future prospects.”
