22nd Jan 2015 07:00
22 January 2015
Trading update
Ahead of the results release for the year ended 31 December 2014 on Thursday 5 March 2015, Headlam Group plc, Europe's leading floorcoverings distributor, provides a brief trading update as follows.
Total group revenue for the twelve month period to 31 December 2014 increased by 5.3% compared with the previous year.
In the UK, favourable trading during November and December, up 3.7% and 6.8% respectively against strong prior year comparables, contributed to the twelve month like for like revenue increase of 5.9%. The combined annual revenues from the group's Continental European businesses in local currency on a like for like basis, reduced by 2.3% and 7.3% when translated into sterling.
Based on the pleasing revenue performance, earnings for the twelve months to 31 December 2014 are likely to slightly exceed the group's internal performance target.
Enquiries:
Headlam Group plc
Tony Brewer, Group Chief Executive Tel: 01675 433000
Stephen Wilson, Group Finance Director
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