Headlam Group PLC AGM Statement (7901Y)
May 20 2016 - 2:00AM
UK Regulatory
TIDMHEAD
RNS Number : 7901Y
Headlam Group PLC
20 May 2016
20 May 2016
Headlam Group plc
("Headlam" or "the group")
Annual General Meeting Statement
Headlam (LSE: HEAD), Europe's leading floorcoverings
distributor, will hold its Annual General Meeting at 10.00 a.m.
today at which the group's Chairman, Dick Peters, will make the
following statement:
"The group's performance has advanced well in the current
financial year with revenue growth of 4.5% over the first four
months to 30 April 2016. In the UK, the overall like-for-like
increase in revenue was 4.0% with a strong expansion in residential
activity at 6.1%, significantly ahead of the commercial business
which marginally declined by 0.4% during the period.
"Revenues from the Continental European businesses collectively
improved by 2.2%, measured in constant currency, with all three
countries contributing to the positive result and reversing the
3.8% decline registered for the year ended 31 December 2015.
"The group's revenue increase, in combination with gross margin
and expenses in-line with trading expectations, has resulted in the
operating margin showing further improvement compared with the
equivalent period last year.
"Whilst early in the year, and with the busy trading months
ahead, the board remains confident of achieving further progress
during 2016."
Enquiries:
Headlam Group plc
Tony Brewer, Group Chief Executive Tel: +44 (0) 1675 433000
Stephen Wilson, Group Finance Director
Investec Bank plc (Joint Corporate Tel: +44 (0)
Broker) 20 7597 4000
Garry Levin / David Flin / Josh
Levy
Arden Partners plc (Joint Corporate Broker) Tel: +44 (0) 121 423 8900
Jonathan Keeling / Steve Douglas
Buchanan Tel: +44 (0)
20 7466 5000
Mark Court / Helen Chan
Notes to Editors:
Headlam Group plc
Headlam markets, supplies and distributes an extensive range of
floorcovering products. The group's activities and facilities are
located throughout the UK, France, Switzerland and the
Netherlands.
More information is available at http://www.headlam.com/
This information is provided by RNS
The company news service from the London Stock Exchange
END
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