Furniture Village posted an increase in turnover as losses narrowed in its full-year results despite “subdued consumer confidence”.
The furniture retailers’ sales were up 1.2% to £265.2m – its sixth year of consecutive growth - during the 52 weeks to March 2019. The furniture chain posted EBITDA of £5.6m up £1.4m compared with the same period the previous year.
Despite tough trading conditions and weak consumer confidence due to Brexit, Furniture Village improved its operating profit by £1.5m compared with a loss the previous year which it attributed to £10m of cost savings due to lower costs from new and revamped stores.
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