Trading Statement

RNS Number : 8037C

Headlam Group PLC

22 January 2015

 



22 January 2015

Trading update

Ahead of the results release for the year ended 31 December 2014 on Thursday 5 March 2015, Headlam Group plc, Europe's leading floorcoverings distributor, provides a brief trading update as follows.

Total group revenue for the twelve month period to 31 December 2014 increased by 5.3% compared with the previous year.

In the UK, favourable trading during November and December, up 3.7% and 6.8% respectively against strong prior year comparables, contributed to the twelve month like for like revenue increase of 5.9%.  The combined annual revenues from the group's Continental European businesses in local currency on a like for like basis, reduced by 2.3% and 7.3% when translated into sterling.

Based on the pleasing revenue performance, earnings for the twelve months to 31 December 2014 are likely to slightly exceed the group's internal performance target.

Enquiries:

Headlam Group plc                                                    

Tony Brewer, Group Chief Executive                             Tel: [phone]

Stephen Wilson, Group Finance Director                        

 

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