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HEAD - Headlam News Story

418p -12.0  -2.8%

Last Trade - 20/09/19

Sector
Consumer Cyclicals
Size
Mid Cap
Market Cap £354.4m
Enterprise Value £368.7m
Revenue £719.6m
Position in Universe 657th / 1829

Headlam shares drop on lower FY pretax profit outlook

Wed 16th January, 2019 8:17am
Jan 16 (Reuters) - Shares of flooring products supplier
Headlam Group Plc  HEAD.L  fell nearly 10 percent on Wednesday,
after saying it expects lower underlying pretax profit for 2019
because of challenging conditions in the residential market and
higher costs.
    The company, which distributes floor coverings in the UK and
Europe, said it would stockpile in case of any potential
problems with deliveries following Britain's proposed exit from
the European Union. (https://reut.rs/2Mcgmn0)
    Headlam was down 9.5 percent at 362 pence in early trading,
to their lowest in more than five years.

 (Reporting by Karina Dsouza in Bengaluru)
 ((Karina.Dsouza@thomsonreuters.com; within U.S. +1 646 223
8780, outside U.S. +91 80 6749 6373; Reuters Messaging: Reuters
Messaging: karina.dsouza@thomsonreuters.com))
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