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4-Traders Homepage  >  Equities  >  London Stock Exchange  >  Dunelm Group plc    DNLM   GB00B1CKQ739

DUNELM GROUP PLC (DNLM)
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Dunelm : dented by Worldstores deal

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09/14/2017 | 11:42am CET

PROFIT at Dunelm fell by almost a third last year after the homewares retailer was stung by the costs related to its acquisition of Worldstores and falling sales across its stores chain.

The firm - which last month saw its chief executive, John Browett, step down with immediate effect for "personal reasons" - reported a 28.3% fall in pre-tax profit to £92.4 million in the year to July 1.

Like-for-like sales dipped 0.5% in the period, with comparable store sales falling 2.4%.

Overall revenue rose 8.5% to £955.6m.

Dunelm pointed to a "challenging and subdued market environment" and also pinned the profit fall on losses at recently acquired Worldstores and increased investment.

Chairman Andy Harrison said: "Dunelm has made good strategic progress over the year, most notably with the acquisition of Worldstores, which moves us closer to our goal of being the biggest and best multichannel homewares retailer in the UK.

"We expect the trading climate to remain challenging with the disposable income of UK consumers under pressure."

The news comes after Dunelm warned in February that costs were starting to rise in the face of the Brexit-induced collapse in the value of the pound, resulting in a more "challenging" retail environment.

But Mr Harrison chose to focus on the future, adding that the group is still aiming to double sales to £2 billion, driven by its online offering. Dunlem said that sales in the first two months of the new financial year have started "positively", with good like-for-like sales boosted by favourable weather.

© Copyright © 2017 Shropshire Star, All rights reserved., source Newspapers

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Financials ( GBP)
Sales 2018 1 079 M
EBIT 2018 123 M
Net income 2018 95,1 M
Debt 2018 106 M
Yield 2018 4,23%
P/E ratio 2018 13,79
P/E ratio 2019 12,17
EV / Sales 2018 1,30x
EV / Sales 2019 1,20x
Capitalization 1 301 M
Chart DUNELM GROUP PLC
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Dunelm Group plc Technical Analysis Chart | DNLM | GB00B1CKQ739 | 4-Traders
Technical analysis trends DUNELM GROUP PLC
Short TermMid-TermLong Term
TrendsBearishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 14
Average target price 7,04  GBP
Spread / Average Target 9,3%
EPS Revisions
Managers
NameTitle
Nick Wilkinson Chief Executive Officer & Director
William Adderley President
Andrew Harrison Non-Executive Chairman
Keith Down Chief Financial Officer & Executive Director
William Lester Adderley Deputy Chairman
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