DFS Furniture PLC

DFS Furniture PLC (LSE: DFS) is an FTSE All-Share listed Company, which is the designer, manufacturer, and retailer of sofas and other furniture products.

Financial Highlights (for the 6 months ended 25 December 2022, released on 16 March 2023)

• Marginal Decline in Revenue from Continuing Operations: The revenue from continuing operations declined marginally by 2.2% to GBP 544.5 mn in H1 FY23 as compared to H1 FY22, but they were up by 9.4% compared to the non-COVID disrupted pro-forma in FY19. The revenue declined majorly from the lower sales from the DFS brand which reported GBP 428.4 mn in H1 FY23 versus GBP 441.4 mn in H1 FY22.
• Improving liquidity: The Company posted an increase in net cash flows from operating activities to GBP 59.9 mn in H1 FY23 as compared to the net cash flow from operating activity of GBP 54.4 mn in H1 FY22. Further, the cash and cash equivalent balance surged to GBP 34.4 mn in H1 FY23 as compared to GBP 9.6 mn in H1 FY22.
• Dividend: The management declared an interim dividend of GBX 1.5 per share and expects the final dividend to be close to GBX 4.5 per share, subject to the H2 FY23 financial performance of the company.
• Outlook: The management is optimistic to achieve the previously announced financial targets of revenue close to GBP 1.4 bn and PBT margins of 8%+ over the coming term.

Share Price Chart

Markets are trading in a highly volatile zone currently due to certain macroeconomic issues and geopolitical tensions prevailing. Therefore, it is prudent to follow a cautious approach while investing.

DFS Furniture PLC (LSE: DFS) was trading at the closing price of GBX 131.40 (as of 17 March 2023).

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

Note 2: The reference date for all price data, currency, technical indicators, support, and resistance level is 17 March 2023. The reference data in this report has been partly sourced from REFINITIV.

Note 3: ‘Kalkine reports are prepared based on the stock prices captured either from the London Stock Exchange (LSE) and or REFINITIV. Typically, both sources (LSE and or REFINITIV) may reflect stock prices with a delay which could be a lag of 15-20 minutes. There can be no assurance that future results or events will be consistent with the information provided in the report. The information is subject to change without any prior notice.’

Note 4: Dividend Yield may vary as per the stock price movement.

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