REG - Headlam Group PLC - Update on transformation plan

HeadlamAnnouncement

Today 07:00

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RNS Number : 9597G  Headlam Group PLC  11 November 2025

11 November 2025

Headlam Group plc

('Headlam', the 'Company', the 'Group')

Update on transformation plan

Headlam (LSE: HEAD), the UK's leading floor coverings distributor, provides
the following update on its transformation plan to return the Group to
profitability.

 

The highlights of our action plan are:

·      Refocus on independent retailers and contractors, whilst
eliminating loss-making revenue

·      Consolidating our purchases and leveraging our scale as UK and
Europe's largest purchaser of flooring

·      Reduce footprint further reflecting revised business model

·      Improve stock turn

·      Reduce SKUs

The Board believes that delivering successfully upon these actions will return
the Group to profitability and provide a sustainable financial position.

The key action plan outcomes include:

·      A return to profitability in 2027

·      Surplus properties disposed

·      Materially lower inventory

We are hosting an analyst presentation at 9am, which will be recorded and made
available to view on our website from 3pm today. The slide deck used in the
presentation will be available on our website at 9am.

 

Enquiries

 Headlam Group plc                            Tel: 01675 433 000
 Stephen Bird, Interim Executive Chairman     Email: headlamgroup@headlam.com (mailto:headlamgroup@headlam.com)
 Adam Phillips, Chief Financial Officer

 Panmure Liberum Limited (Corporate Broker)   Tel: 020 3100 2000
 Tom Scrivens / Atholl Tweedie

 Peel Hunt LLP (Corporate Broker)             Tel: 020 7418 8900
 George Sellar / Finn Nugent

Notes to Editors

Operating for over 30 years, Headlam is the UK's leading floorcoverings
distributor. The Group works with suppliers across the globe manufacturing the
broadest range of products, and gives them a highly effective route to market,
selling their products into the large and diverse trade customer base. The
Group has an extensive customer base spanning independent and multiple
retailers, small and large contractors, and housebuilders. It provides its
customers with a market leading service through the largest product range,
in-depth knowledge, ecommerce and marketing support, and nationwide next day
delivery service. To maximise customer reach and sales opportunity, Headlam
operates businesses, trade brands and product brands across the UK and
Continental Europe (France and the Netherlands), which are supported by the
group's network, central resources and processes.

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