James Halstead PLC AGM Statement (2938V)

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RNS Number : 2938V

James Halstead PLC

01 December 2023

1 December 2023

JAMES HALSTEAD PLC

(the 'Group')

Chairman's Statement to the Annual General Meeting

James Halstead plc, the commercial flooring company, is holding its 108(th) AGM today at 12.00 noon at which the Chairman, Mr Anthony Wild, will make the following statement:

"Firstly, let me welcome you all to our AGM. Customarily, I give a short update on trading for the first few months of our financial year.

Today we will approve our final dividend of 5.75p per ordinary share - yet another record dividend which marks the 47th year of increase.

In the first five months trading of the current financial year I can report that, whilst our major markets face strong competition, we are seeing improved output and profits which are materially ahead of the comparatives. We are confident of achieving full year market expectations of improved bottom line results and exceeding the half year comparatives, as well as extending our track record of increased dividends.

In addition, cash levels are also materially ahead of prior year comparatives for the five months.

I and the Board remain positive about the medium-term prospects for the Group as a whole."

- Ends -

 
 
 Enquiries: 
 James Halstead: 
 Mark Halstead, Chief Executive           Telephone: [phone] 
 Gordon Oliver, Finance Director 
 
 Hudson Sandler: 
 Nick Lyon                                Telephone: [phone] 
 Nick Moore 
 
 Panmure Gordon (NOMAD & Joint Broker): 
 Dominic Morley                           Telephone: [phone] 
 
 WH Ireland (Joint Broker): 
 Ben Thorne                               Telephone: [phone] 
 
 

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December 01, 2023 02:00 ET (07:00 GMT)