REG - Headlam Group PLC - AGM Statement <Origin Href="QuoteRef">HEAD.L</Origin>

HeadlamAnnouncement

20/05/2016 07:05

RNS Number : 7901Y
Headlam Group PLC
20 May 2016
20 May 2016
Headlam Group plc
("Headlam" or "the group")
Annual General Meeting Statement
Headlam (LSE: HEAD), Europe's leading floorcoverings distributor, will hold its Annual General Meeting at 10.00 a.m. today at which the group's Chairman, Dick Peters, will make the following statement:
"The group's performance has advanced well in the current financial year with revenue growth of 4.5% over the first four months to 30 April 2016. In the UK, the overall like-for-like increase in revenue was 4.0% with a strong expansion in residential activity at 6.1%, significantly ahead of the commercial business which marginally declined by 0.4% during the period.
"Revenues from the Continental European businesses collectively improved by 2.2%, measured in constant currency, with all three countries contributing to the positive result and reversing the 3.8% decline registered for the year ended 31 December 2015.
"The group's revenue increase, in combination with gross margin and expenses in-line with trading expectations, has resulted in the operating margin showing further improvement compared with the equivalent period last year.
"Whilst early in the year, and with the busy trading months ahead, the board remains confident of achieving further progress during 2016."
Enquiries:
Headlam Group plc 
Tony Brewer, Group Chief Executive   Tel: +44 (0) 1675 433000
Stephen Wilson, Group Finance Director 
Investec Bank plc (Joint Corporate Broker)
Tel: +44 (0) 20 7597 4000
Garry Levin / David Flin / Josh Levy

Arden Partners plc (Joint Corporate Broker) Tel: +44 (0) 121 423 8900
Jonathan Keeling / Steve Douglas
Buchanan 
Tel: +44 (0) 20 7466 5000
Mark Court / Helen Chan

Notes to Editors:
Headlam Group plc
Headlam markets, supplies and distributes an extensive range of floorcovering products. The group's activities and facilities are located throughout the UK, France, Switzerland and the Netherlands.
More information is available at http://www.headlam.com/
 

This information is provided by RNS
The company news service from the London Stock Exchange
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