Sofa giant DFS is aiming to make the most of the extra bank holiday weekends as it revealed adjusted EBITDA remained flat at £41m in its first half.
DFS chief executive Ian Filby said he was “really pleased” with the performance, particularly as DFS was up against a record year last year. Sales edged up 1% to £330.7m
Filby said although he anticipated a tough trading environment this year, it was “definitely not panic stations”.
“The upside is the extra bank holiday - people will take advantage of that,” he said. “We’re going absolutely gung-ho in the next few weeks.”
He said DFS was taking advantage of the good property deals on offer. “It’s a good time at the moment to be able to exploit the current environment,” he said.
DFS is planning to open 20 stores in the next three years.