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ScS Group order intake grows in H1

Thu 03 February 2022 08:20 | A A A

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(Sharecast News) - Furniture and flooring retailer ScS Group said on Thursday that it traded well through the important winter sale period and that order intake for the first half of the year was in line with internal expectations.

Scs Group stated one-year like-for-like order intake growth was 16.6%, while two-year like-for-like order intake was in line with that achieved in 2019's pre-pandemic first half.

The London-listed firm said its online offering and appeal to customers also continued to strengthen, with online order growth of 55.8% on a two-year basis.

ScS added that its order book grew "significantly" against previous comparative periods, driven by ongoing demand and supply chain challenges that extended product lead times. On 29 January, the group's order book was double the size it was at the same time in 2020 at £148.0m.

"The board is pleased with the group's bookings performance to date and it remains on track to meet full-year expectations," said Scs, which expedites to publish its interim results on 22 March.

As of 0825 GMT, ScS shares were up 2.64% at 226.83p.

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