REG - Latham(James) PLC - AGM Statement

James LathamAnnouncement

21/08/2024 10:15

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RNS Number : 2700B  Latham(James) PLC  21 August 2024

James Latham plc

("James Latham" or "the Company")

AGM Statement

 

 

 

The Chairman of James Latham is pleased to provide the following trading
update at the Company's AGM being held today.

 

Revenue for the first four months of the current financial year, namely 1
April to 31 July 2024 is £127m compared with £128m for the same period last
year. Volumes are up 3.1% on the same period last year. Margins remain
consistent with the second half of the previous year. Overheads and resulting
profit are in line with market expectations.

 

Our cash balances remain strong, and debtors days and bad debts remain
consistent with the same period last year.

 

Most of our customers remain busy and are more confident than at the same time
last year.

 

The Company's interim results for the six months ending 30 September 2024 will
be announced on 28 November 2024

 

 

This announcement contains inside information for the purposes of Article 7 of
the UK version of Regulation (EU) No 596/2014 which is part of UK law by
virtue of the European Union (Withdrawal) Act 2018, as amended.

 

For further information please visit www.lathamtimber.co.uk
(http://www.lathamtimber.co.uk)   or contact:

 James Latham plc                                        Tel: 01442 849 100
 Nick Latham, Chairman
 David Dunmow, Finance Director

 SP Angel Corporate Finance LLP
 Matthew Johnson / Charlie Bouverat (Corporate Finance)  Tel: 0203 470 0470
 Abigail Wayne (Corporate Broking)

 

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