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Dreams reports on 'pivotal' year

Dreams store 725 x 500

Dreams has reported a boost in trading for the year ended 24th December 2016.

Full year sales have risen by 20% to £280 million, compared with £234 million in 2015, with a like-for-like sales rise of 14.1%.

Pre-tax profits have soared by 136% to £32 million, compared with £13.5 million in 2015.

Dreams is owned by Sun European Partners, which bought the business out of administration in 2013.  Earlier this year, the company appointed investment bank Rothschild to review a sale or stock market floatation. 

CEO of Dreams, Mike Logue, said: “2016 was a pivotal year for Dreams, building on the last three years of growth,"  

"We attribute this performance to our continued determination to make, sell and deliver the most comfortable beds, provide market leading quality, value and choice and to always put our customers first.

“Whilst potential future challenges to the UK consumer economy are well documented, we are confident that we will continue to successfully execute our strategy and that it will be another year of significant progress for Dreams.” 

Source : Insight DIY

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06 March 2017

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