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21 Aug 2024 10:13
James Latham plc
("James Latham" or "the Company")
AGM Statement
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The Chairman of James Latham is pleased to provide the following trading update at the Company's AGM being held today.
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Revenue for the first four months of the current financial year, namely 1 April to 31 July 2024 is Ā£127m compared with Ā£128m for the same period last year. Volumes are up 3.1% on the same period last year. Margins remain consistent with the second half of the previous year. Overheads and resulting profit are in line with market expectations.
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Our cash balances remain strong, and debtors days and bad debts remain consistent with the same period last year.
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Most of our customers remain busy and are more confident than at the same time last year.
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The Company's interim results for the six months ending 30 September 2024 will be announced on 28 November 2024
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This announcement contains inside information for the purposes of Article 7 of the UK version of Regulation (EU) No 596/2014 which is part of UK law by virtue of the European Union (Withdrawal) Act 2018, as amended.
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For further information please visit www.lathamtimber.co.uk or contact:
James Latham plc | Tel: 01442 849 100 |
Nick Latham, Chairman | Ā |
David Dunmow, Finance Director | Ā |
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SP Angel Corporate Finance LLP | Ā |
Matthew Johnson / Charlie Bouverat (Corporate Finance) | Tel: 0203 470 0470 |
Abigail Wayne (Corporate Broking) | Ā |
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