REG - Latham(James) PLC - Trading Statement

James LathamAnnouncement

30/03/2023 07:00

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RNS Number : 6922U  Latham(James) PLC  30 March 2023

James Latham PLC

 

("James Latham" or the "Company")

 

 

Trading Statement

 

The Board of James Latham provides the following trading statement ahead of
the Company's results for the year ended 31 March 2023.

 

Revenue for the year to 31 March 2023 remains strong and is anticipated to be
slightly ahead of market expectations. Cost prices have stabilised and there
are few signs of price weakness in the immediate future. Sales volumes are
similar to the previous year. As expected, overheads have continued to rise.
We continue to monitor and control our overheads closely in the face of high
inflation, whilst still investing in our operations to improve service levels.
We anticipate that our profit before tax will be in line with market
expectations. The Company's balance sheet and cash balances remain strong. The
Board plans to report the Company's preliminary results for the year ended 31
March 2023 on 29 June 2023.

 

This announcement contains inside information for the purposes of Article 7 of
the UK version of Regulation (EU) No 596/2014 which is part of UK law by
virtue of the European Union (Withdrawal) Act 2018, as amended.

 

 

For further information please visit www.lathamtimber.co.uk
(http://www.lathamtimber.co.uk/) . or contact:

 

 James Latham plc                                        Tel: 01442 849 100
 Nick Latham, Chairman
 David Dunmow, Finance Director

 SP Angel Corporate Finance LLP                          Tel: 0203 470 0470
 Matthew Johnson / Charlie Bouverat (Corporate Finance)
 Rob Rees (Corporate Broking)

 

 

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