REG - Headlam Group PLC - Trading Update

HeadlamAnnouncement

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RNS Number : 1934G  Headlam Group PLC  05 November 2025

 5 November 2025

Headlam Group plc

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

Trading Update

Headlam (LSE: HEAD), the UK's leading floor coverings distributor, provides
the following trading update for the four months ended 31 October 2025 (the
"Period").

 

Trading Performance

The Group has continued to experience challenging market dynamics and
execution during the Period. Revenue was down 5%(1) in the Period. This
performance is below our expectations outlined at the interim results in
September 2025, and therefore the Board expects full year performance to be
below expectations.

Actions Underway

In response, the Board has already initiated a comprehensive programme of
restructuring, cost reduction and operational improvements and is accelerating
the implementation of these measures. Further details of the programme will be
presented on 11 November 2025.

These actions are designed to return the Group to profitability and strengthen
its market position, even if market conditions remain subdued. The Group also
remains focused on strengthening the financial position including potential
further property disposals.

The Board is confident that these measures, combined with the Group's market
position and established relationships with suppliers and customers, provides
a platform for a return to sustainable profitability and growth.

 

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

 

This announcement contains inside information for the purposes of Article 7 of
EU Regulation 596/2014 as it forms part of domestic law of the United Kingdom
by virtue of the European Union (Withdrawal) Act 2018, as amended. Upon the
publication of this announcement, this inside information is now considered to
be in the public domain. The person responsible for arranging the release of
this announcement on behalf of the Company is Adam Phillips, Chief Financial
Officer

Footnotes

1)   Year-on-year revenue on a same working day basis. Excludes revenue from
France and the Netherlands where the businesses are held for sale.

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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