We could not find any results for:
Make sure your spelling is correct or try broadening your search.
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 | |
---|---|---|---|---|---|---|---|---|---|---|
-1.50 | -0.82% | 182.50 | 180.00 | 186.00 | 187.50 | 179.00 | 183.50 | 161,817 | 16:35:15 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Hard Surface Floor Cover,nec | 303.56M | 42.4M | 0.1017 | 17.80 | 754.32M |
TIDMJHD
RNS Number : 6400O
James Halstead PLC
02 February 2023
2 February 2023
JAMES HALSTEAD PLC
(the "Company")
Trading Update
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 2022.
In his AGM statement, on 1 December 2022, the Chairman, Mr. Anthony Wild noted the challenges of the year, most notably energy and raw material costs. He further noted that sales were ahead in many markets.
The Company expects to report revenues for the six months to 31 December 2022 around 8-9% ahead of the comparative period in the prior year.
Over the six months, trading of UK manufactured goods has been adversely affected by the lack of availability of international shipping to several overseas territories most notably Australia, North and South America.
However, in December the Company saw signs of reduced international freight costs and raw material costs. Energy costs remain at historically high levels but have not escalated, nor have our key European raw material suppliers faced production interruption as a result of the energy shortage. The Company has also been able to significantly reduce stock levels since the end of the last financial year. This has had a positive effect on our balance sheet strength which continues to underpin our business.
As a consequence of the challenges highlighted above, profit before tax for the half year will be short of the comparative period but not significantly so. However, the Board's expectations for the full year remain positive and unchanged.
The interim results will be published on 31 March 2023.
Enquiries: James Halstead plc Tel: 0161 767 2500 Mark Halstead, Chief Executive Gordon Oliver, Finance Director Hudson Sandler Tel: 020 7796 4133 Nick Lyon /Nick Moore Panmure Gordon (Nomad and Tel: 020 7886 Joint Broker) 2500 Dominic Morley WH Ireland (Joint Broker) Tel: 020 7220 Ben Thorne / Chris Hardie 1666
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.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
END
TSTNKDBBABKDQBK
(END) Dow Jones Newswires
February 02, 2023 02:00 ET (07:00 GMT)
1 Year James Halstead Chart |
1 Month James Halstead Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions