James Halstead is a manufacturer and international distributor of commercial floor coverings. This morning the group has released full year results to 30 June 2023, with earnings ahead of expectations reflecting a material improvement in margins over the period, despite a varied backdrop across Halstead's key markets. Input costs, a number of which had escalated in H1 2022, are now reported to have eased in H2, combining with a succession of price increases to deliver an encouraging improvement ....

02 Oct 2023
James Halstead - FY earnings ahead; strong margin recovery amid varied markets

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James Halstead - FY earnings ahead; strong margin recovery amid varied markets
James Halstead plc (JHD:LON) | 142 0.7 0.4% | Mkt Cap: 597.4m
- Published:
02 Oct 2023 -
Author:
John Cummins | Charlie Cullen -
Pages:
4 -
James Halstead is a manufacturer and international distributor of commercial floor coverings. This morning the group has released full year results to 30 June 2023, with earnings ahead of expectations reflecting a material improvement in margins over the period, despite a varied backdrop across Halstead's key markets. Input costs, a number of which had escalated in H1 2022, are now reported to have eased in H2, combining with a succession of price increases to deliver an encouraging improvement ....