Fitted furniture manufacturer posts ‘modest’ drop in profit

Manufacturer of fitted kitchen and fitted bedroom furniture, Symphony Group, has reported a decline in turnover.

According to its latest filed accounts for the year ended 31 December 2024, total sales fell 5.5% to £319.9m from £338.5m in 2023.

Adjusted EBITDA stood at £20.1m, in line with the previous year, while pre-tax profit resulted at £11m, down from £15.1m recorded the previous year.

Stated within its report, Symphony said: “The Company has continued to focus on delivering excellent customer service however due to continued challenging market conditions there has been a modest drop in profitability in 2024.

“The Company continues to maintain a high level of resourcing and investment and as such is well placed to take advantage of any potential market growth in 2025 and beyond.”

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