Short delay to preliminary results

ScS Group PLC

09 October 2023

 

For immediate release

9 October 2023

ScS Group plc

("ScS", or the "Group")

Short delay to preliminary results

The Group's audited preliminary results for the 52 weeks ended 29 July 2023 (the "Full Year Results") will now be announced on 25 October 2023. ScS had expected to announce Full Year Results on 10 October 2023. The results preparation process is substantially complete, but the Board has concluded that a short delay is required for finalisation. The Group's Full Year Results will be in line with the full year trading update, as announced on 3 August 2023. Apart from the short delay, the year-end process has been as expected and the Board has no concerns whatsoever in this regard and is confident that the Full Year Results will be concluded and published within the new timeframe.

Enquiries:

ScS Group PLC Steve Carson, Chief Executive Officer Chris Muir, Executive Director Mark Fleetwood, Chief Financial Officer	c/o Buchanan [phone]
Buchanan Richard Oldworth Toto Berger Verity Parker	Tel: [phone] [e-mail]
Shore Capital Patrick Castle James Thomas Iain Sexton	Tel: [phone]

Notes to Editors

ScS is one of the UK's largest retailers of sofas, flooring and furniture. We trade as two separate brands- the core ScS brand and the newly acquired Snug brand.

The ScS brand seeks to offer value and choice through a wide range of sofas, flooring and furniture products. The product range is designed to appeal to a broad customer base with a mid-market priced offering and is currently traded from 100 stores. The brand specialises primarily in fabric and leather sofas and chairs, selling a range of branded products which are not sold under registered trademarks and a range of branded products which are sold under registered trademarks owned by ScS (such as Endurance, Inspire and SiSi Italia). It also offers a range of third party brands (which include La-Z-Boy, Ideal Home and G Plan). The flooring business includes carpets, rugs, wood, laminate and luxury vinyl tiling.

Snug is an innovative digital-first sofa and sofa-bed business specialising in modular and re-configurable sofas, with quick delivery and excellent quality and customer service. Although predominantly online, Snug also operates from three stores in Leeds, Bristol and Westfield London, and 23 concessions throughout the UK.

 

END