DFS Furniture predicts £10-£12M lower annual profits due to weak demand and Red Sea shipping disruptions delaying £12-£14M in deliveries.
DFS Furniture warns of lower annual profits due to weak consumer demand and delivery delays from Red Sea shipping disruptions. The company forecasts annual underlying pre-tax profits to fall by £10-£12 million. Shipping issues in the Red Sea have delayed £12-£14 million of deliveries, causing higher costs as ships detour around the Suez Canal amid Houthi rebel attacks on cargo containers.
June 12, 2024
3 Articles