Earnings growth of 23% highlights a sustained strong performance within the UK flooring market in H116 which, alongside the inherent leverage within the business, provided for a jump in operating margin from 4.2% to 4.7%. Revenues are holding up well in July and August to date and our forecasts appear conservative, providing the prospect for upward revision if growth trends are maintained in the key autumn sales period. The shares have steadily de-rated over the past two years and now trade o
24 Aug 2016
H116 earnings growth +23%
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H116 earnings growth +23%
Headlam Group plc (HEAD:LON) | 181 0 0.0% | Mkt Cap: 146.4m
- Published:
24 Aug 2016 -
Author:
Ben Thefaut -
Pages:
8
Earnings growth of 23% highlights a sustained strong performance within the UK flooring market in H116 which, alongside the inherent leverage within the business, provided for a jump in operating margin from 4.2% to 4.7%. Revenues are holding up well in July and August to date and our forecasts appear conservative, providing the prospect for upward revision if growth trends are maintained in the key autumn sales period. The shares have steadily de-rated over the past two years and now trade o