Revenue growth of 5.2% in the year to date reflects sustained replacement-driven demand for flooring in the UK enhanced by a inflationary price environment from August 2016. This has created a positive trading environment for Headlam reflected in another profit upgrade today and enhancing the prospects for a sustained earnings upgrade cycle in 2017. The shares are trading on 12.6x conservative FY17 earnings and offer a potential total yield of around 8% should the special dividend be triggere
01 Dec 2016
Trading update; 6% earnings upgrade
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Trading update; 6% earnings upgrade
Headlam Group plc (HEAD:LON) | 181 0.9 0.3% | Mkt Cap: 146.4m
- Published:
01 Dec 2016 -
Author:
Ben Thefaut -
Pages:
6
Revenue growth of 5.2% in the year to date reflects sustained replacement-driven demand for flooring in the UK enhanced by a inflationary price environment from August 2016. This has created a positive trading environment for Headlam reflected in another profit upgrade today and enhancing the prospects for a sustained earnings upgrade cycle in 2017. The shares are trading on 12.6x conservative FY17 earnings and offer a potential total yield of around 8% should the special dividend be triggere