Buy
Sell
Share Name Share Symbol Market Type Share ISIN Share Description
Heath (samuel) & Sons Plc LSE:HSM London Ordinary Share GB0004178710 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 235.00 200.00 270.00 235.00 235.00 235.00 0.00 01:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Construction & Materials 13.9 1.4 42.2 5.6 6

Heath(Samuel) & Sons PLC COVID-19 Trading Update

08/04/2020 3:40pm

UK Regulatory (RNS & others)


Heath (samuel) & Sons (LSE:HSM)
Historical Stock Chart


From Apr 2020 to Oct 2020

Click Here for more Heath (samuel) & Sons Charts.

TIDMHSM

RNS Number : 2636J

Heath(Samuel) & Sons PLC

08 April 2020

Samuel Heath & Sons plc

("Samuel Heath" or "the Company")

COVID-19 Trading Update

We have, as a result of the impact of COVID-19 on the markets we operate in, seen the size of our order book materially decrease as a lot of our customers have closed their operations, although some are still operating at reduced capacity. In addition, we are finding it increasingly difficult to source the raw materials and components required to manufacture our products.

Up until the impact of COVID 19 trading was in line with management expectations. While Coronavirus is clearly going to make it extremely difficult for the Company to trade profitably in the current financial year, at this stage the exact impact is not clear. A further announcement will be made as necessary.

The welfare of our colleagues and customers remains paramount and, to this end, we are taking all appropriate measures to keep people safe and ensure compliance with Public Health England guidelines whilst ensuring continuity of our operations to the extent possible.

In line with the latest government guidance our factory is currently still operating, although at reduced capacity, and our showroom at Chelsea Harbour Design Centre has temporarily closed.

The Company's cash reserves remain strong for the time being.

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.

For further information, please contact:

Samuel Heath & Sons Plc

Simon Latham, Company Secretary

Tel:0121 766 4200

Cairn Financial Advisers LLP

James Caithie / Jo Turner

Tel: 020 7213 0880

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

UPDFLFVSSAITIII

(END) Dow Jones Newswires

April 08, 2020 10:40 ET (14:40 GMT)

1 Year Heath (samuel) & Sons Chart

1 Year Heath (samuel) & Sons Chart

1 Month Heath (samuel) & Sons Chart

1 Month Heath (samuel) & Sons Chart
ADVFN Advertorial
Your Recent History
LSE
HSM
Heath (sam..
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V:gb D:20201001 05:29:46