Scandinavian furniture manufacturer Ekornes, owner of the Stressless brand, has reported a decline in UK sales.

According to its latest filed accounts for the year ended 31 December 2024, total sales within its UK division were down 2.5% to £22.7m from £23.3m in 2023.

Pre-tax profit resulted at £1.1m, up from £1m recorded the previous year.

Stated within its report, Ekornes said: “2024 saw a continuation of the normal cyclical pattern for the furniture industry with revenue peaks during sale periods and troughs whilst out of sale. 2024 sales dropped back slightly (-2.5%) on 2023, although the order book carried forward into 2025 was stronger due to good orderflow across November and December.

“Ekornes continues to focus on a cost control mindset which has ensured the business makes a healthy profit despite the slight fall in revenue, with EBIT up by 0.5%.

“The business has maintained a strong gross margin although slightly down from last year’s 25.79% to 24.65% maintaining a strong focus on product mix. As the business continues to diversify its product portfolio, the challenge will be to maintain this margin.”