ScS Group Sees Fiscal Year 2021 Results, Fiscal Year 2022 Outlook Above Market Views; Declares 3p Dividend
June 16 2021 - 3:25AM
Dow Jones News
By Matteo Castia
ScS Group PLC said Wednesday that it expects both its results
for fiscal 2021 and outlook for fiscal 2022 to beat market
forecasts on the back of strong business, and that it is resuming
dividend payments.
The flooring-and-furniture retailer said like-for-like order
intake in the period between April 4 and June 12 was nearly five
times as much as in the year-earlier period amid easing coronavirus
restrictions. Compared with the same period in 2019, like-for-like
order intake was up 79%, it said.
For the first 46 weeks of the current fiscal year, which started
July 26, like-for-like order intake is expected to be 11% higher
than a year earlier and 9.5% lower than two years prior, the
company said.
The company declared an interim dividend of three pence (4.2
cents).
ScS also said it has repaid GBP3 million of coronavirus
job-retention program funds to the U.K. government.
Write to Matteo Castia at matteo.castia@dowjones.com
(END) Dow Jones Newswires
June 16, 2021 03:16 ET (07:16 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
Scs (LSE:SCS)
Historical Stock Chart
From Aug 2024 to Sep 2024
Scs (LSE:SCS)
Historical Stock Chart
From Sep 2023 to Sep 2024