Pre-Close Trading Statement

RNS Number : 6545M

James Halstead PLC

01 August 2017

 

                                                                                                                        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: [phone]
Nick Lyon - Hudson Sandler	Telephone: [phone]
Ben Thorne - Panmure Gordon Andrew Potts	Telephone: [phone]
Chris Hardie - Arden Partners	Telephone: [phone]

 

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