RNS Number : 2116A

James Halstead PLC

01 February 2022

1 February 2022


(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 2021.

The backdrop to manufacturing remained challenging with the resurgence of the Covid-19 virus disrupting manning levels and the widely reported delays and increased costs of international freight. In addition, raw material availability has continued to be restricted and costs increased. Nevertheless, sales demand has continued to be strong with projects installed as diverse as the Tracey Emin Art Centre in Margate, the cruise ship MV Aurora and the newly renovated "La Samaritaine" department store in Paris.

In his AGM statement, on 18 November 2021, the Chairman, Mr. Anthony Wild, noted these challenges and it is pleasing to report that sales in December were robust (particularly in the UK) - and turnover for the six months will be higher than last year.

Given the increased costs of materials, freight and energy that have prevailed and the inevitable time lag in reflecting these costs in prices it is to be expected that profit has been affected in the first six months results to a marginal extent. That said, our balance sheet strength continues to underpin our business, and the Board's expectations for the current year remain positive.

The interim results will be published on 31 March 2022.

 James Halstead plc                Tel: 0161 767 
 Mark Halstead, Chief Executive 
 Gordon Oliver, Finance Director 
 Hudson Sandler                    Tel: 020 7796 
 Nick Lyon /Nick Moore 
 Panmure Gordon (Nomad and Joint   Tel: 020 7886 
  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) Dow Jones Newswires

February 01, 2022 01:59 ET (06:59 GMT)

James Halstead (LSE:JHD)
Gráfica de Acción Histórica
De May 2022 a Jun 2022 Haga Click aquí para más Gráficas James Halstead.
James Halstead (LSE:JHD)
Gráfica de Acción Histórica
De Jun 2021 a Jun 2022 Haga Click aquí para más Gráficas James Halstead.