Headlam Group PLC Capital Markets Day and Trading Update (8015D)
01 Julio 2021 - 1:00AM
UK Regulatory
TIDMHEAD
RNS Number : 8015D
Headlam Group PLC
01 July 2021
1 July 2021
Headlam Group plc
('Headlam' or the 'Company')
Capital Markets Day and Trading Update
Headlam (LSE: HEAD), Europe's leading floorcoverings
distributor, is today holding a Capital Markets Day at its
distribution centre in Ipswich. This event is being held in person
with a limited audience due to ongoing COVID-19 considerations and
regulations. The event will be hosted by the Directors of Headlam,
and feature presentations from managers responsible for projects
under the Company's Operational Improvement Programme delivering
revenue growth opportunities and cost improvements. Visitors will
also receive a tour of the Ipswich facility. All the materials
being presented are now available on the Company's website (
https://www.headlam.com/investors/reports-presentations/ ), and a
webcast of the event will be available to view a short while after
the event.
The Company is also today providing a brief update on trading,
with no further financial or price sensitive information being
disclosed at the event.
Total revenue for the year-to-date is now in-line with the 2019
comparator*, having been slightly below for the four months to 30
April 2021, and approximately 46% ahead of the 2020 comparable
period* which was significantly impacted by COVID-19 related
closures. The residential sector has continued to be strong, and
the commercial sector is continuing to recoup its earlier weakness.
Despite documented industry supply issues, the Company has
maintained its inventory position, which currently stands at
approximately GBP117 million.
The Company will provide a further update on trading at the time
of its Pre-Close Trading Update on 29 July 2021, ahead of its
interim results.
*Performance for continuing operations only. Excludes the
contribution from the Swiss business in 2021, and the comparison
years, following its disposal in May 2021.
Enquiries:
Headlam Group plc Tel: 01675 433 000
Steve Wilson, Chief Executive Email: headlamgroup@headlam.com
Chris Payne, Chief Financial
Officer
Catherine Miles, Director of
Communications
Investec Bank plc (Corporate Tel: 020 7597 5970
Broker)
David Flin / Alex Wright
Panmure Gordon (UK) Limited Tel: 020 7886 2500
(Corporate Broker)
Erik Anderson / Edward Walsh
/ Ailsa MacMaster
Alma PR (Financial PR) Tel: 020 3405 0205
Susie Hudson / Harriet Jackson headlam@almapr.co.uk
/ Faye Calow
Notes for Editors:
Headlam is Europe's leading floorcoverings distributor,
providing the channel between suppliers and trade customers of
floorcoverings.
Headlam works with suppliers across the globe manufacturing a
diverse range of floorcovering products, and provides them with a
cost efficient and effective route to market for their products
into the highly fragmented customer base. Alongside
long-established processing and distribution expertise, suppliers
benefit from Headlam's marketing and customer servicing into the
most extensive customer base.
To maximise customer reach, Headlam operates 66 businesses
across the UK and Continental Europe (France and the Netherlands).
Each business operates under its own trade brand and utilises
individual sales teams while being supported by the Company's
network and centralised resources.
The Company's customer base covers both the residential and
commercial sectors, with the principal customer groups being
independent retailers and smaller flooring contractors alongside
other groups such as larger retailers, housebuilders, specifiers,
and local authorities.
Headlam is focused on providing customers with a market-leading
service through:
-- the broadest product offering;
-- unrivalled product knowledge and tailored solutions;
-- sales team and marketing support;
-- e-commerce support;
-- 'just-in-time' nationwide delivery and collection service; and
-- other support including the provision of credit.
www.headlam.com
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
TSTEFLBBFDLLBBL
(END) Dow Jones Newswires
July 01, 2021 02:00 ET (06:00 GMT)
Headlam (LSE:HEAD)
Gráfica de Acción Histórica
De Mar 2024 a Abr 2024
Headlam (LSE:HEAD)
Gráfica de Acción Histórica
De Abr 2023 a Abr 2024