REG - James Halstead PLC - Trading Update

James HalsteadAnnouncement

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RNS Number : 7985Q  James Halstead PLC  29 January 2026

29 January 2026

 

 

JAMES HALSTEAD PLC

(the "Company")

 

Trading Update

James Halstead plc, the commercial flooring manufacturer and international
distributor, is providing the following trading update ahead of its interim
results for the half year to 31 December 2025.

Sales for the first half of the year will see a small reduction in
comparatives, as noted at the Annual General Meeting in December 2025, Central
European and Asia Pacific markets remain challenging and have impacted on the
overall total sales.  UK sales remain robust and marginally up on last year
despite the uncertain market conditions, and once again we have seen further
growth in the North American and Middle Eastern markets.  An uplift in sales
to our South African distributor has also been pleasing.

As noted in the outlook of our Annual Report and Accounts to 30 June 2025, our
conservative approach to customer credit has also been a factor in lower
revenue across some markets, including the UK.

Looking ahead, the Company is confident that new and updated product ranges
produced in the UK factories will see an uplift in revenue and there remains
sufficient spare capacity at these factories for any significant uplift in
volumes.  The Expona Commercial collection in Germany has also been updated
and relaunched with favourable reviews, and early sales into the market have
been encouraging.

There have been changes in senior management in our APAC region, and we
believe the greater focus on top line growth because of these changes will see
an improvement in both revenue and profitability over the second half of the
year in this region.

Consequent to the imposition of stricter credit limits, noted above, this not
only affected revenue but profitability will also see a small reduction on
comparatives for the first 6 months, though the Board remains positive for the
second half of the year.

The Company has seen an increase in cash balances over the first half of the
year, remains ungeared and continues to invest in our UK sites for the future.

The Company expects to announce its results for the half-year ended 31
December 2025 on 31 March 2026.

 

 

 Enquiries:

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

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

 Panmure Liberum (Nomad and Joint Broker)  Tel: 020 7886 2500
 Ed Mansfield / Tom Scrivens

 Zeus  (Joint Broker)                      Tel: 020 3829 5000

 Ben Thorne / Fraser Marshall

 

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