Headlam, the leading UK and Continental European flooring distributor, has issued a strong set of interim results, providing extra detail on the positive pre-close update (issued 18th July). Revenues were +4.0% to £342m, with growth driven by expansion in the UK and Continental Europe. Greater collaboration between the business units and the new management style being introduced has resulted in a 103-basis point expansion in the gross margin. Overall Headlam is trading in-line, no chang

21 Aug 2017
Interims show Headlam remains “on message”

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Interims show Headlam remains “on message”
Headlam Group plc (HEAD:LON) | 90.9 9.1 12.3% | Mkt Cap: 73.5m
- Published:
21 Aug 2017 -
Author:
Adrian Kearsey -
Pages:
13 -
Headlam, the leading UK and Continental European flooring distributor, has issued a strong set of interim results, providing extra detail on the positive pre-close update (issued 18th July). Revenues were +4.0% to £342m, with growth driven by expansion in the UK and Continental Europe. Greater collaboration between the business units and the new management style being introduced has resulted in a 103-basis point expansion in the gross margin. Overall Headlam is trading in-line, no chang