Research on Sanderson Design Group PLC (SDG:LON) from Progressive Equity Research
Sanderson Design Group’s (SDG) trading update for the year to 31 January 2026 shows a continuation of the positive momentum seen at the end of H1 and the early weeks of H2, as described in its October interim results. This has been led primarily by brand sales in its overseas markets, notably the US, alongside a recovery in third-party manufacturing sales. On a constant currency (CC) basis, H2 group revenue rose 3%, a swing of 6 percentage points compared with H1’s 3% CC decline. In conjunction with ongoing strategic cost-savings initiatives, the group expects adjusted underlying profits of at least £5m (FY25: £4.4m), with year-end net cash of around £9.8m (FY25: £5.8m).