Interior design group Sanderson posts 12% rise in profits
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Sanderson thrives in North America as interior design group posts 12% profit increase on strong US demand
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Interior design group Sanderson posted a 12 percent increase in profits yesterday amid strong demand for its British-inspired homeware in the US.
The wallpaper and furniture seller reported pre-tax profits of £5.5 million for the six months to the end of July, with sales up 0.7 percent to £57.9 million.
Sanderson, who has a partnership with English rugby star Maro Itoje, has done very well in the US, especially with the Morris & Co brand, which creates designs inspired by 19th-century artist William Morris.
Profits up: Interior design group Sanderson, which has a partnership with English rugby star Maro Itoje (pictured), sees demand for its homewares in the US
But in the UK there are ‘challenges galore’, despite the encouraging performance of its top clients.
As a result, Sanderson chairman Dianne Thompson said it would continue to focus on the North American market.
Shares rose 11.9 percent or 11.5 pence to 108.5 pence.