James Halstead PLC Pre Close Trading Statement (3858V)

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RNS Number : 3858V

James Halstead PLC

30 January 2017

30 January 2017

JAMES HALSTEAD PLC

Pre Close Trading Statement

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 2016.

In his AGM trading update, on 2 December 2016, Mr. Geoffrey Halstead noted that trading to date had been challenging and making progress against the comparative half-year would be difficult. In addition, the Chairman commented on raw material shortages and price increases following supply chain problems.

Turnover has increased by some 3-4%, boosted by a confident December and profit is in line with expectations. The raw material issues have ameliorated to a degree and major retailer contracts continue with customers such as Vodafone, Co-op Retail, Specsavers and Premier Inn.

Confidence in the full year is unchanged and remains positive.

Enquiries:

 
 James Halstead                 0161 767 2500 
 Mark Halstead, Chief 
  Executive 
 Gordon Oliver, Finance 
  Director 
 
 Hudson Sandler                 020 7796 4133 
 Michael Sandler, Nick 
  Lyon, Jocelyn Spottiswoode 
 
 Panmure Gordon (Nomad 
  and Joint Broker)             020 7886 2500 
 Ben Thorne 
  Andrew Potts 
 Arden Partners (Joint 
  Broker) 
  Chris Hardie                  020 7614 5900 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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January 30, 2017 02:00 ET (07:00 GMT)