Headlam down as board starts strategic review

Headlam

14/07/2026 08:29

** UK floor coverings distributor Headlam's HEAD.L shares fall 16.7% to 15.7p
** Net debt for H1 widens to £36.2 million ($48.33 million) from £31.4 million a year ago, prompting the board to undertake a strategic review 
** Co reports H1 revenue of £188.8 million, down 22.8% YoY, with significant operating losses, higher than the prior-year period
** Co says revenue decline reflects planned reduction in low margin revenue and weak market conditions including poor inventory availability and unseasonably warm weather
** YTD, stock has lost 59.89% including session losses


($1 = 0.7490 pounds)

 (Reporting by Anushka Chourasia in Bengaluru)
 ((Anushka.Chourasia@thomsonreuters.com))