James Halstead, the UKs leading producer of commercial flooring, delivered profit growth of 3% in FY16 (despite FX headwinds). Highlights during the period included strong growth in France (+12.5% sales growth, CFX basis) and Australia (+7%). Free cash flow jumped 21.1% to £37.5m. Finally, the final dividend increased 8.2% to 8.5p.

03 Oct 2016
Panmure Morning Note 03-10-2016

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Panmure Morning Note 03-10-2016
James Halstead plc (JHD:LON) | 142 3.5 1.8% | Mkt Cap: 595.3m
- Published:
03 Oct 2016 -
Author:
Adrian Kearsey -
Pages:
3 -
James Halstead, the UKs leading producer of commercial flooring, delivered profit growth of 3% in FY16 (despite FX headwinds). Highlights during the period included strong growth in France (+12.5% sales growth, CFX basis) and Australia (+7%). Free cash flow jumped 21.1% to £37.5m. Finally, the final dividend increased 8.2% to 8.5p.