Pre Close Trading Statement

RNS Number : 3858V

James Halstead PLC

30 January 2017

 

30 January 2017

JAMES HALSTEAD PLC

Pre Close Trading Statement

James Halstead plc, the commercial flooring manufacturer and distributor, is providing the following trading update ahead of its interim results for the half-year to 31 December 2016.

In his AGM trading update, on 2 December 2016, Mr. Geoffrey Halstead noted that trading to date had been challenging and making progress against the comparative half-year would be difficult. In addition, the Chairman commented on raw material shortages and price increases following supply chain problems.

Turnover has increased by some 3-4%, boosted by a confident December and profit is in line with expectations. The raw material issues have ameliorated to a degree and major retailer contracts continue with customers such as Vodafone, Co-op Retail, Specsavers and Premier Inn.

Confidence in the full year is unchanged and remains positive.

Enquiries:

James Halstead	0161 767 2500
Mark Halstead, Chief Executive
Gordon Oliver, Finance Director
Hudson Sandler	020 7796 4133
Michael Sandler, Nick Lyon, Jocelyn Spottiswoode
Panmure Gordon (Nomad and Joint Broker)	020 7886 2500
Ben Thorne Andrew Potts
Arden Partners (Joint Broker)         Chris Hardie	020 7614 5900

 

END

 

 

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