1 Aug 2017 07:00
1 August 2017
Pre-Close Trading Statement
James Halstead plc, the commercial flooring manufacturer and distributor, is providing the following trading update ahead of its final results for the year to 30 June 2017.
In the Chairman's statement announced on 29 March 2017, it was noted that for the first six month's trading a slow-down in the UK market and adverse price pressure on raw material and overseas sourced goods were holding back the benefits of export currency gains. This continued in the second half year and was exacerbated by a number of major distributors in the UK reducing stock levels
Notwithstanding this backdrop we are confident of once again reporting record turnover and profits for the year to 30 June 2017.
This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.
Enquiries:
| |
Mark Halstead, Chief Executive | |
Gordon Oliver, Finance Director | Telephone: 0161 767 2500 |
Nick Lyon - Hudson Sandler | Telephone: 020 7796 4133 |
Ben Thorne - Panmure Gordon Andrew Potts | Telephone: 020 7886 2500
|
Chris Hardie - Arden Partners | Telephone: 020 7614 5900 |
James Halstead (JHD)