REG - James Halstead PLC - Trading Update

James HalsteadAnnouncement

31/01/2024 07:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20240131:nRSe4091Ba&default-theme=true

RNS Number : 4091B  James Halstead PLC  31 January 2024

 

31 January 2024

 

JAMES HALSTEAD PLC

(the "Company")

Trading Update

James Halstead plc, the commercial flooring manufacturer and distributor, is
providing the following trading update ahead of its interim results for the
half-year to 31 December 2023.

 

In his AGM statement, on 1 December 2023, the Chairman, Mr. Anthony Wild noted
the

strong competition but expressed confidence of exceeding the half year
comparatives.

The Company will, despite softening of sales demand in some European markets,
report profits in the region of 15-20% ahead of the prior year comparative and
with a robust cash balance.

The Board's expectations for the full year remain positive and for continued
progress on dividend distributions.

The interim results will be published on 27 March 2024.

 

 Enquiries:

 James Halstead plc                       Tel: 0161 767 2500
 Mark Halstead, Chief Executive
 Gordon Oliver, Finance Director

 Hudson Sandler                           Tel: 020 7796 4133
 Nick Lyon / Nick Moore

 Panmure Gordon (Nomad and Joint Broker)  Tel: 020 7886 2500
 Dominic Morley

 WH Ireland (Joint Broker)                Tel: 020 7220 1666

 Ben Thorne / Chris Hardie

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  TSTQKKBPQBKDKDN