DFS continues to see strong trading into the new financial year, maintaining growth in order intake.
- The company has announced the appointment of Marie Wall as interim Chief Financial Officer from December.
- Despite positive trading momentum, DFS faced a pre-tax loss of £1.7 million for the last financial year.
- Marie Wall, with extensive financial leadership experience, will replace outgoing CFO John Fallon.
- DFS remains focused on reducing costs and pursuing its growth strategy.
DFS has reported a continuation of its robust trading performance from the previous financial year, with sustained growth in order intake over the first 20 weeks of the current year. This growth aligns with the company’s expectations and highlights a positive trend for the furniture retailer.
Marie Wall will join DFS as interim Chief Financial Officer on the 2nd of December. Her appointment follows the announcement that John Fallon will step down from the role on the 22nd of November.
In the latest annual results for the 53 weeks ending 30 June 2024, DFS posted a pre-tax loss of £1.7 million. Despite this, the company has expressed optimism due to the ongoing positive trading momentum.
Marie Wall brings a wealth of experience to her new role, having served in senior financial positions at companies like Wolseley, Dixons Carphone, and most recently as the Deputy CFO at Imperial Brands. CEO Tim Stacey has expressed his pleasure at having Wall on board, emphasizing her fit for the leadership team as DFS continues to pursue its growth strategy.
Furthermore, DFS is actively working on reducing operational costs, building on the progress made over the previous financial year. This cost-reduction effort is part of the company’s broader strategy to maintain its competitive edge in the market.
DFS is poised for continued growth with strategic leadership changes and a focus on cost reduction.
