James Halstead, the international vinyl flooring manufacturer, has delivered a solid set of interim results. FY16 has clearly started well, with revenues +2.9% (CFX basis). Margins also continue to trend higher (+186 basis points). Activity in the UK has recently softened but remains firm in most overseas territories and we are leaving our FY16 forecasts unchanged: PBT £45.4m, EPS 16.4 pence.
