As we anticipated, the moving parts are proving difficult to assess given the high level of disruption to the business caused by flooding at its fabric manufacturing facility, with sales in both fabric and wallpaper affected in current trading in both the UK and USA (where awareness is highest). However, the insurance claim period runs until Dec’17 and should therefore fully protect against both higher loss of profits and asset repair/replacement costs. Production is coming back on stream again ....
15 Jun 2016
Flood disruption as anticipated so far in H1, with full cover from insurer
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Flood disruption as anticipated so far in H1, with full cover from insurer
Sanderson Design Group PLC (SDG:LON) | 103 0 0.0% | Mkt Cap: 73.9m
- Published:
15 Jun 2016 -
Author:
Matthew McEachran -
Pages:
4
As we anticipated, the moving parts are proving difficult to assess given the high level of disruption to the business caused by flooding at its fabric manufacturing facility, with sales in both fabric and wallpaper affected in current trading in both the UK and USA (where awareness is highest). However, the insurance claim period runs until Dec’17 and should therefore fully protect against both higher loss of profits and asset repair/replacement costs. Production is coming back on stream again ....