Headlam have acknowledged that soft trading conditions experienced in H118 are likely to persist over the second half. Whilst the impacts of this are to some extent offset by firming gross margins, this has prompted guidance to the lower end of current market expectations; our “bottom of the range” PBT forecast of £43.5m is unchanged. Ultimately, the flooring market is driven by replacement spend and Headlam should perform well into any rebound in consumer confidence. Howeve
22 Aug 2018
H118 results
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H118 results
Headlam Group plc (HEAD:LON) | 175 4.4 1.4% | Mkt Cap: 141.4m
- Published:
22 Aug 2018 -
Author:
Ben Thefaut -
Pages:
4
Headlam have acknowledged that soft trading conditions experienced in H118 are likely to persist over the second half. Whilst the impacts of this are to some extent offset by firming gross margins, this has prompted guidance to the lower end of current market expectations; our “bottom of the range” PBT forecast of £43.5m is unchanged. Ultimately, the flooring market is driven by replacement spend and Headlam should perform well into any rebound in consumer confidence. Howeve