REG - Latham(James) PLC - Trading Statement

James LathamAnnouncement

28/03/2024 07:00

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RNS Number : 5782I  Latham(James) PLC  28 March 2024

James Latham PLC

 

("James Latham" or the "Company")

 

 

Trading Statement

 

The Board of James Latham provides the following trading statement ahead of
the Company's results for the year ended 31 March 2024.

 

Revenue for the year to 31 March 2024 remains in line with market
expectations. Cost prices of both timber and panels are relatively stable. The
ongoing issues affecting shipping in the Red Sea have caused some delays and
increased costs for some of our imported products, although this is currently
not causing concern. Sales volumes are very similar to the previous year.

 

Overheads have been well controlled but are slightly higher due to
inflationary increases and our continuing investment in our depots to improve
service levels. We anticipate that our profit before tax will be in line with
market expectations. The Company's balance sheet and cash balances remain
strong.

 

The Board plans to report the Company's preliminary results for the year ended
31 March 2024 on 27 June 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                          Tel: 0203 470 0470
 Matthew Johnson / Charlie Bouverat (Corporate Finance)
 Rob Rees (Corporate Broking)

 

 

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