Retailer Results / DFS



Trading Update
Period covers 26 weeks ended 30 January 2016

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Trading Update
Period covers 26 weeks ended 30 January 2016


• Total sales +7.0 per cent
• Gross sales in 12 months to 30 January +5.0 per cent
• Strategic initiatives remain on track
• Retirement of Finance Director and succession for new CFO
• Expectations for full-year financial performance remain unchanged


The results reflect the continued implementation of a growth strategy, building on the Group’s established market leadership to further broaden product and brand appeal. Strong underlying momentum in the housing market, mortgage approvals and accessibility and appetite for credit have supported growth this year.

Continued development of the omnichannel proposition and enhancement of the product range has also enable DFS to grow its customer base.

Bill Barnes, Finance Director, has decided to retire in the summer after almost 13 years with the Group. Nicola Bancroft, who is currently Commercial Finance Director, will become Chief Financial Officer and an executive director from 1 August 2016. Bill and Nicola have worked closely together for over three years and will complete a smooth handover of responsibilities over the next six months.

The Group expects to release its half year results announcement on 23 March 2016.

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