30th Jan 2017 07:00
30 January 2017
JAMES HALSTEAD PLCPre Close Trading Statement
James Halstead plc, the commercial flooring manufacturer and distributor, is providing the following trading update ahead of its interim results for the half-year to 31 December 2016.In his AGM trading update, on 2 December 2016, Mr. Geoffrey Halstead noted that trading to date had been challenging and making progress against the comparative half-year would be difficult. In addition, the Chairman commented on raw material shortages and price increases following supply chain problems.
Turnover has increased by some 3-4%, boosted by a confident December and profit is in line with expectations. The raw material issues have ameliorated to a degree and major retailer contracts continue with customers such as Vodafone, Co-op Retail, Specsavers and Premier Inn.
Confidence in the full year is unchanged and remains positive.
Enquiries:
James Halstead | 0161 767 2500 |
Mark Halstead, Chief Executive | |
Gordon Oliver, Finance Director | |
Hudson Sandler | 020 7796 4133 |
Michael Sandler, Nick Lyon, Jocelyn Spottiswoode | |
Panmure Gordon (Nomad and Joint Broker) | 020 7886 2500 |
Ben Thorne Andrew Potts
|
|
Arden Partners (Joint Broker) Chris Hardie
| 020 7614 5900 |
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