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Dunelm Group sees strong start to 2009

Published: 27 February 2009
Out-of-town homewares retailer Dunelm Group plc announces its interim results for the 26 weeks to 27 December 2008.
Dunelm Group sees strong start to 2009
Sales at the chain rose 2.3% to £201.8m from 2007's £197.4m, but like-for-like sales were down 5.6%

However, the chain also said sales for the eight weeks to 21 February this year were up 4.4% on like-for-like basis.

Operating profit in 2008 declined 5.4% to £26.1m from 2007's £27.6m, while profit before taxation was up by 0.2% to £27.3m (2007: £27.2m)

Three new superstores opened at the end of 2008 and a further three are planned this financial year.

Chief Executive, Will Adderley, said: "In a significantly declining market for homewares, our first half performance was a satisfactory result and we continued to gain market share.

"Despite the recessionary background our recent winter sale was very successful, contributing to strong like-for-like sales growth in the first eight weeks of the second half.

"As a debt-free and cash generative business, Dunelm is well placed to trade successfully through an extended down-turn."

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