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Evening Standard
Evening Standard
Business
Simon Hunt and Mark Banham

Made.com shares soar after upturn in sales

The business said it had found itself at a need to sell goods at a heavy discount

(Picture: Made.com/PA)

Shares in Made.com soared 24% on Thursday after the furniture retailer posted a surprise uptick in revenue for the first half of the year despite warning of dwindling demand amid a severe downturn in the home furnishings market.

The firm reported revenues of £178 million in the first six months of 2022, up 4.2% on the previous year. The value of orders shrunk 18.8%, while pre-tax losses swelled £35 million.

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