DFS profits fall as coronavirus plays havoc with full-year guidance
DFS has reported a decline in both profits and sales and warned that the developing coronavirus outbreak has made it impossible to give accurate guidance on its full-year results.
The sofa giant posted a 17.5% fall in underlying profit before tax to £20.5m and a 5.7% downturn in revenue to £488m.
The retailer said the downturn in group revenue was “as expected” given strong comparatives and pointed out that over a two-year period including Sofology revenue for the group was up 2.6%.
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