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Headlam Says Trading During 2019 Largely Tracked Co's Internal Expectations
Headlam Group Posts HY Statutory Operating Profit Of £17.1 Mln
Headlam Group Maintains Overall Expectations For Full Year
Headlam Group Plc is a United Kingdom-based company, which is engaged in the marketing, supply and distribution of a range of floorcovering products. The Company's operations are focused on providing customers, principally independent floorcovering retailers and contractors, with a range of floorcovering products supported by a next day delivery service. The Company operates through 56 operating segments in the United Kingdom and five operating segments in Continental Europe. Each operating segment is a trading operation aligned to the sales, marketing, supply and distribution of floorcovering products. The Company's activities and facilities are located throughout the United Kingdom, France, Switzerland and the Netherlands. Its business in France operates from approximately two distribution centers and over 20 service centers, and the businesses in Switzerland and the Netherlands each operate from a single distribution center.
PO Box 1
Philip J. Lawrence
Stephen Graham Wilson
Chief Executive Officer, Executive Director
Chief Financial Officer, Executive Director
Catherine E. Miles
Director of Communications
Sue J. LaVerne
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British floor coverings distributor Headlam Group <HEAD.L> warned on Wednesday that its underlying pretax profit in 2019 would decline because of a weaker residential market and higher costs, sending its shares down as much as 10 percent.
Shares of flooring products supplier Headlam Group Plc fell nearly 10 percent on Wednesday, after saying it expects lower underlying pretax profit for 2019 because of challenging conditions in the residential market and higher costs.
British floor coverings distributor Headlam Group <HEAD.L> warned on Wednesday its full-year results would likely be at the lower end of analysts' expectations following a drop in first-half underlying sales, sending its shares down 6.6 percent.
* Total revenue for six months ended 30 June 2017 increased by 4.0% to £341.9 million
Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.