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Highlights

  • Sanderson Design Group clocked ~11.9% YoY growth in statutory profit after tax in H1 FY24.
  • The company’s licensing revenue increased by around 81.6% YoY in the reporting period.
  • In FY23, SDG accomplished many licensing renewals, such as with Bedeck, NEXT and Williams Sonoma.

FTSE AIM All-Share index listed Sanderson Design Group PLC (LSE: SDG) is a luxury interior design and furnishing company involved in the designing and production of wallpaper and fabrics.

In the first half of the fiscal year 2024, Sanderson clocked approximately 11.9% year-on-year growth in statutory profit after tax. The company’s licensing revenue increased by around 81.6% YoY in the reporting period. Its licensing income witnessed a growth to £5.0 million in H1 FY24 from £1.9 million in the previous corresponding period.

In the last fiscal year 2023, SDG accomplished many licensing renewals, such as with Bedeck, NEXT and Williams Sonoma. Also, the company has extended its National Trust partnership for another two years. It has entered into a collaboration with Disney aiming diversification of its revenue streams. The statutory profit after tax of the firm rose to £4.70 million in H1 FY24, approximately 11.9% YoY higher than pcp.

However, the company saw a drop in its revenue in H1 FY24, due to challenging market conditions in the United Kingdom.

SDG paid an interim dividend of 0.75 pence per share in November 2023, with an ex-dividend date of 19 October 2023.

Going forth, the company is looking forward to launching new products, including Sophie Robinson x Harlequin and Disney Home x Sanderson. It aims to work as per opportunities available in the international market.

Top 10 Shareholders

Around 57.11% of the total shareholdings is held by its top ten shareholders of the company. While Octopus Investments Limited is the biggest shareholder with 11.82% shareholding, Close Brothers Asset Management is the second biggest shareholder with around 10.03% shareholding in SDG.

 

Stock Price Performance

SDG’s stock price has fallen by approximately 1.58% in the last one month. It has dropped by over 9% over the last six months. The stock’s 52-week low and high stand at GBX 95.31 and GBX 148.00, respectively.

Note 1: Past performance is not a reliable indicator of future performance.

Note 2: The reference data for all price data, currency, technical indicators, support, and resistance levels is 11 December 2023. The reference data in this report has been partly sourced from EODHD/Others.