Profits drop 22% at DFS in midst of ‘very challenging’ market

Doncaster-based DFS Furniture has today reported a 22% drop in profits before tax to £50m - down from £64m in the previous year - due to a "very challenging" market environment and uncertain outlook. 

The retailer today published its preliminary results for the year to 29 July, which showed that despite gross sales growing by 1% to £991m and revenue standing at £762m, the firm has been impacted in the second half of the year, impacting on revenue and profit. EBITDA was down 12.7% to £82m, from... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...