Business NewsFlooring Headlines

Headlam post solid results

Headlam posted solid results on Monday for the first six months to June 30th, with revenue rising to £313.5 million from £301 million for the same period last year, whilst pre-tax profits also grew to £12.3 million from £10.7 million.

A general increase in consumer confidence is responsible for the increase in the European floor covering distributor´s revenue, however a sensible grip on costs and operations have resulted in an impressive 15% profit increase on a 4% revenue rise.

Headlam has clearly positioned itself well to take advantage of the improving market conditions and has also raised its outlook for the full year, pleasing the market in what was otherwise a very erratic day.

comment from Fiona Cincotta, a senior market analyst at www.finspreads.com

Show More

Floors Magazine

Floorinsite.com brings you daily flooring news, features, tenders, events, jobs and everything in-between.

Related Articles