ScS Group Sees Fiscal Year 2021 Results, Fiscal Year 2022 Outlook Above Market Views; Declares 3p Dividend

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 [e-mail]

(END) Dow Jones Newswires

June 16, 2021 03:16 ET (07:16 GMT)

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