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4-Traders Homepage  >  Equities  >  London Stock Exchange  >  DFS Furniture PLC    DFS   GB00BTC0LB89

DFS FURNITURE PLC (DFS)
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Delayed Quote. Delayed  - 07/16 05:35:21 pm
201 GBp   +0.80%
07/13DFS FURNITURE : Heat hurting DFS
AQ
07/12DFS FURNITURE : Dunelm warn on profit as consumer mood darkens
RE
07/12DFS FURNITURE : warns 2018 earnings to fall
RE
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DFS Furniture : warns 2018 earnings to fall

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07/12/2018 | 08:46am CEST

(Reuters) - British sofa specialist DFS Furniture expects full-year 2018 core earnings to be below those in 2017 as it suffers from disruptions to supplies and a UK heatwave that has kept shoppers out of its stores, the company said on Thursday.

DFS, which has more than 100 stores across the UK and Ireland, warned the furniture market would continue to be tough over the next twelve months, and said revenues had fallen around 4 percent like-for-like over the 49 weeks to July 7.

"Variable cost flexibility and reductions to discretionary costs, have provided some mitigation to this recent trading environment, however we currently anticipate reporting EBITDA for the full financial year below the prior year," it said.

DFS reported earnings before interest, taxes, depreciation and amortisation (EBITDA) of 82.4 million pounds ($108.77 million) in 2017.

Analysts had been expecting EBITDA of 84.51 million pounds for the year ending July, according to Thomson Reuters Eikon data.

The retailer said it had also suffered from disruption outside of its control in shipping deliveries of made-to-order products from Asian suppliers. Its guidance on EBITDA assumed the arrival of products before the financial year-end.

Recent surveys have shown British consumers and businesses became more pessimistic about the economy's prospects in June, suggesting Brexit worries and global trade spats may be taking their toll.

(Reporting by Noor Zainab Hussain in Bengaluru; editing by Patrick Graham)

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Financials ( GBP)
Sales 2018 870 M
EBIT 2018 53,6 M
Net income 2018 33,1 M
Debt 2018 163 M
Yield 2018 5,45%
P/E ratio 2018 12,79
P/E ratio 2019 10,22
EV / Sales 2018 0,67x
EV / Sales 2019 0,58x
Capitalization 421 M
Chart DFS FURNITURE PLC
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DFS Furniture PLC Technical Analysis Chart | DFS | GB00BTC0LB89 | 4-Traders
Technical analysis trends DFS FURNITURE PLC
Short TermMid-TermLong Term
TrendsBearishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 5
Average target price 2,55  GBP
Spread / Average Target 28%
EPS Revisions
Managers
NameTitle
Ian Francis Filby Chief Executive Officer & Executive Director
Ian Charles Durant Non-Executive Chairman
Tim Stacey Chief Operations Officer
Christopher Luke Mayhew Senior Independent Non-Executive Director
Julie Southern Independent Non-Executive Director
Sector and Competitors