Whilst weakening H217 UK flooring markets have prompted a more conservative top line estimate for FY18 & FY19, the improving gross margin is highly encouraging and, we believe, sustainable; our underlying forecasts are unchanged. We have, however, now adjusted our estimates to reflect a full year contribution from Domus in FY18 which provides for earnings enhancement of 7.5%. We anticipate further acquisitions in FY18 which will drive leverage on employing the group’s strong cash po
07 Dec 2017
Domus acquisition & trading update
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Domus acquisition & trading update
Headlam Group plc (HEAD:LON) | 164 -3.3 (-1.2%) | Mkt Cap: 132.3m
- Published:
07 Dec 2017 -
Author:
Ben Thefaut -
Pages:
4
Whilst weakening H217 UK flooring markets have prompted a more conservative top line estimate for FY18 & FY19, the improving gross margin is highly encouraging and, we believe, sustainable; our underlying forecasts are unchanged. We have, however, now adjusted our estimates to reflect a full year contribution from Domus in FY18 which provides for earnings enhancement of 7.5%. We anticipate further acquisitions in FY18 which will drive leverage on employing the group’s strong cash po