DFS Furniture Exceeds Profit Expectations for FY25
Why we think this is very good
The company has reported that its full year profit before tax and brand amortisation (PBT(A)) is expected to be slightly above the top end of its previous guidance range of £25-29 million, representing around £20 million of year-on-year growth. This strong profit performance, driven by robust trading and cost discipline, is a very positive outcome for the business.
Key Points
- Full year PBT(A) expected to be slightly above the top end of guidance (£25-29m) and up around £20m year on year
- Profit performance driven by strong trading, gross margin rate progression and continued cost discipline
- Strong H1 trading performance continued in the second half, with H2 Group order intake +10% year on year
- Financial position has further strengthened, with net bank debt reduced to around £107m and leverage down to around 1.4x
Summary
DFS Furniture plc has issued a trading update for the 52 weeks ending 29 June 2025, reporting that full year PBT(A) is expected to be slightly above the top end of its previous guidance range of £25-29 million, up around £20 million year-on-year. This profit performance was driven by strong trading, gross margin rate progression and continued cost discipline. The company's financial position has also further strengthened, with net bank debt reduced to around £107 million and leverage down to around 1.4x.