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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| James Halstead Plc | LSE:JHD | London | Ordinary Share | GB00B0LS8535 | ORD 5P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 199.00 | 197.00 | 199.00 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Hard Surface Floor Cover,nec | 303.56M | 42.4M | 0.1017 | 19.57 | 829.34M |
From Apr 2019 to Apr 2024
TIDMJHD
RNS Number : 0995D
James Halstead PLC
29 January 2018
29 January 2018
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 2017.
Turnover has increased by 5%, boosted by a strong December, and profit is in line with expectations and in excess of the comparative half-year. Having achieved revenue increases in the majority of our key markets, including Germany, the UK and Australasia, this has resulted in a record level of turnover in the half year.
In his AGM trading update, on 1 December 2017, Mr. Geoffrey Halstead noted that trading to date had been in line with our budgets albeit against competitive headwinds. In particular, the central European markets (the principal of which is Germany) have been very competitive with very keen pricing. However, in early January a German manufacturer entered administration and announced the closure of its sheet vinyl and tile facility. This closure is expected to take place imminently and this should ameliorate the pricing pressures we have been experiencing.
Product development continues and we have refreshed some of our key ranges and presented them to the trade in recent weeks. Given the positive feedback, our confidence for the full year is unchanged and remains positive.
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Premium
Enquiries:
James Halstead plc Tel: 016
1767 2500
Mark Halstead, Chief
Executive
Gordon Oliver, Finance
Director
Hudson Sandler Tel: 020
7796 4133
Nick Lyon
Panmure Gordon (Nomad Tel: 020
and Joint Broker) 7886 2500
Ben Thorne
Andrew Potts
Arden Partners (Joint Tel: 020
Broker) 7614 5900
Chris Hardie
This information is provided by RNS
The company news service from the London Stock Exchange
END
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(END) Dow Jones Newswires
January 29, 2018 02:00 ET (07:00 GMT)
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