// Made.com warns of supply chain disruptions for the new year
// The delays would defer up to £45m of its revenue
// Full earnings for the year will be released on January 6
Made.com has warned of supply chain disruptions and shipping delays as it slashed its revenue guidance.
The furniture retailer said the delays would defer up to £45 million of its revenue into the new year.
The extended factory closures in Vietnam, congestion in global ports and extended shipping times have already delayed deliveries to customers.
Made.com said those disruptions had “worsened in recent months, negatively impacting the timing of stock intake”.
“Due to increased disruptions, Made now anticipates a greater proportion of revenue to be delayed to early 2022, with a corresponding higher level of deferred revenue for 2021,” Made.com said.
“Additionally, supply of goods from Vietnam has now returned to close to normal levels, with all key suppliers now operational.”
The company has slashed its revenue guidance to £365 million to £375 million. It previously forecast revenues of £410 million for the year.
Made also said adjusted profits would take a £12 million to £15 million hit in 2021, with those earnings similarly pushed into 2022.
However, it assured there would be no impact on its cash position.
Its full earnings for the year will be released on January 6.