Headlam hits life low after board starts strategic review

Headlam

14/07/2026 10:49

Updates
** UK floor coverings distributor Headlam's HEAD.L hits record low as shares fall 20.4% to 14.6p
** Net debt for H1 widens to £36.2 million ($48.33 million) from £31.4 million a year ago, prompting the company's board to undertake a strategic review 
** H1 revenue slides 22.8% to £188.8 million; 
** HEAD says decline reflects planned reduction in low-margin revenue and weak market conditions, including poor inventory availability and unseasonably warm weather

    ** Operating loss higher than prior-year period
  
** YTD, stock has lost 68.51% including session losses

 ($1 = 0.7490 pounds)

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