Record half-year results for furniture firm DFS

​The Doncaster-based furniture retailer said gross sales were up 7 per cent to £461.3m in the 26 weeks ended January 30.

EBITDA was up 12.3 per cent to £31m from £27.6m in the same period last year.

Richard Baker, chairman at DFS, said: “These record results confirm the success of our strategy and the quality of the DFS team at every level. The creation of the Executive Committee further strengthens our already strong operating management, while our CFO succession ensures continuity in this vital role.

“Our unique, flexible business model combines vertical integration, market-leading scale and omnichannel capabilities with the culture of a family business, providing us with an excellent platform to develop the many further opportunities available to the Group in the UK and internationally with a view to continued long term success.”

Ian Filby, chief executive of DFS, said: “I am pleased to report continued good sales growth through the first half of our financial year, reflecting the success of our growth initiatives and the current health of the furniture market environment.

“Given broadly stable general macro-economic trends in the UK, we have confidence that our strong competitive position and strategic initiatives mean that the Group is well placed to sustain its record of sales growth, market share capture and cash generation over the year as a whole.”