Headlam Group PLC
19 June 2002
Headlam Group plc
AGM Statement
At the Headlam Group plc AGM held today, the Chairman made the following
comments on current trading:-
At its Annual General Meeting today, Trevor Larman, Chairman of Headlam Group
announced that like-for-like sales in its UK floorcovering distribution business
realised a 6% increase for the first five months of 2002 against the
corresponding period last year.
During the last six months, the group has made seven acquisitions, to enhance
its position in certain geographical regions and specific product sectors, all
of which have been integrated into its UK distribution infrastructure, by
utilising existing logistics centres.
The European floorcovering distribution businesses and windowcoverings division
are trading at planned performance.
With this positive trend, particularly in the core UK floorcovering distribution
business, the group looks forward to a sustainable increase in profitability.
End
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