Sanderson Design Group PLC (AIM:SDG) shares rose 10% after the company reported that trading for the first half of 2025 is on track to meet full-year expectations, with net cash continuing to build.
Group sales for the six months ended 31 July were £48.3 million, slightly lower than last year but in line with the its outlook.
Licensing revenue grew 6% to £4.4 million, with strong performance in North America where brand product sales increased 4% in constant currency.
Manufacturing performance improved significantly following recent restructuring, and the group expects manufacturing to reach break-even or better for the year.
The company’s direct-to-consumer launch for Morris & Co. in the US exceeded expectations, and its Highgrove by Sanderson collection saw strong international demand.
Management is advancing a new cost-saving initiative targeting a further £1 million in annualised savings. The group’s balance sheet strengthened, with net cash rising to £7.5 million by the end of July.
The shares rose 5p to 55p.