Capital Markets Day and Trading Update

Headlam

01/07/2021 07:00

RNS Number : 8015D

Headlam Group PLC

01 July 2021

 

1 July 2021

Headlam Group plc

('Headlam' or the 'Company')

 

Capital Markets Day and Trading Update

 

Headlam (LSE: HEAD), Europe's leading floorcoverings distributor, is today holding a Capital Markets Day at its distribution centre in Ipswich. This event is being held in person with a limited audience due to ongoing COVID-19 considerations and regulations. The event will be hosted by the Directors of Headlam, and feature presentations from managers responsible for projects under the Company's Operational Improvement Programme delivering revenue growth opportunities and cost improvements. Visitors will also receive a tour of the Ipswich facility. All the materials being presented are now available on the Company's website (https://www.headlam.com/investors/reports-presentations/), and a webcast of the event will be available to view a short while after the event.

 

The Company is also today providing a brief update on trading, with no further financial or price sensitive information being disclosed at the event.

 

Total revenue for the year-to-date is now in-line with the 2019 comparator*, having been slightly below for the four months to 30 April 2021, and approximately 46% ahead of the 2020 comparable period* which was significantly impacted by COVID-19 related closures. The residential sector has continued to be strong, and the commercial sector is continuing to recoup its earlier weakness. Despite documented industry supply issues, the Company has maintained its inventory position, which currently stands at approximately £117 million.

 

The Company will provide a further update on trading at the time of its Pre-Close Trading Update on 29 July 2021, ahead of its interim results.

 

*Performance for continuing operations only. Excludes the contribution from the Swiss business in 2021, and the comparison years, following its disposal in May 2021.

 

Enquiries:

 

Headlam Group plc
Steve Wilson, Chief Executive
Chris Payne, Chief Financial Officer
Catherine Miles, Director of Communications
Tel: 01675 433 000
Email: headlamgroup@headlam.com
Investec Bank plc (Corporate Broker)
David Flin / Alex Wright
Tel: 020 7597 5970
Panmure Gordon (UK) Limited (Corporate Broker)
Erik Anderson / Edward Walsh / Ailsa MacMaster
Tel: 020 7886 2500
Alma PR (Financial PR)
Susie Hudson / Harriet Jackson / Faye Calow
Tel: 020 3405 0205
headlam@almapr.co.uk

 

Notes for Editors:

Headlam is Europe's leading floorcoverings distributor, providing the channel between suppliers and trade customers of floorcoverings.

 

Headlam works with suppliers across the globe manufacturing a diverse range of floorcovering products, and provides them with a cost efficient and effective route to market for their products into the highly fragmented customer base. Alongside long-established processing and distribution expertise, suppliers benefit from Headlam's marketing and customer servicing into the most extensive customer base.

 

To maximise customer reach, Headlam operates 66 businesses across the UK and Continental Europe (France and the Netherlands). Each business operates under its own trade brand and utilises individual sales teams while being supported by the Company's network and centralised resources.

 

The Company's customer base covers both the residential and commercial sectors, with the principal customer groups being independent retailers and smaller flooring contractors alongside other groups such as larger retailers, housebuilders, specifiers, and local authorities.

 

Headlam is focused on providing customers with a market-leading service through:

 

·    the broadest product offering;

·    unrivalled product knowledge and tailored solutions;

·    sales team and marketing support;

·    e-commerce support;

·    'just-in-time' nationwide delivery and collection service; and

·    other support including the provision of credit.

 

www.headlam.com

 

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