Headlam Group (HEAD)

Sector:

Household Goods

Index:

FTSE Small Cap

102.00p
   
  • Change Today:
    -0.50p
  • 52 Week High: 186.00p
  • 52 Week Low: 102.00p
  • Currency: UK Pounds
  • Shares Issued: 80.83m
  • Volume: 107,103
  • Market Cap: £82.45m
  • RiskGrade: 210
  • Beta: 0.01

Headlam LFL sales drop amid soft UK market

By Michele Maatouk

Date: Wednesday 06 Mar 2019

LONDON (ShareCast) - (Sharecast News) - Floor coverings distributor Headlam reported a rise in full-year revenue and profit but a drop in like-for-like sales amid a soft UK market.
In its results for the year to the end of December 2018, the company said underlying pre-tax profit pushed up £0.3m to £43.4m on revenue £708.4m, up 2.3%. However, LFL sales declined 4.2% and 1.8% , respectively, in the UK and Continental Europe, with the softer market being more keenly felt in the UK.

The group highlighted a noticeable weakness in the UK residential sector where its distribution business is more heavily weighted. This particular weakness resulted in the percentage of total revenue attributable to the residential sector declining to 64.6% from 67.9% in 2017.

The company said UK LFL sales improved in the second half of the year compared with the first as the commercial sector reversed a small decline in the first half to end the year up 0.6%, and the full-year residential sector decline of 6.2% represented an uplift on the first half. However, the second-half performance in Continental Europe was weaker than the first, moving from a modest positive like-for-like position to a decline.

Headlam said it has seen a positive start to the year, with both the UK and Continental Europe up on a like-for-like revenue basis.

Chief executive Steve Wilson said: "Despite the generally softer trading backdrop that was evident throughout 2018, it was pleasing that total revenue and underlying profit increased in the year.

"Our focus for 2019 and 2020 is operational and financial improvement through the pursuit of efficiency initiatives. These will help mitigate against any future weaker trading backdrops and enable the delivery of an improved performance going forward. We have had a positive start to the year and I would like to thank all our people for their hard work and dedication."

The group said it still expects profits for 2019 to be lower than last year amid general market weakness in the UK and economic and political uncertainty.

"This situation serves to reinforce our concerted commitment to pursuing multiple efficiency initiatives aimed at improving operational and financial performance, developing the business, and providing a more robust platform for future growth," it said.

At 1515 GMT, the shares were up 1% to 422.05p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Headlam Group Market Data

Currency UK Pounds
Share Price 102.00p
Change Today -0.50p
% Change -0.49 %
52 Week High 186.00p
52 Week Low 102.00p
Volume 107,103
Shares Issued 80.83m
Market Cap £82.45m
Beta 0.01
RiskGrade 210

Headlam Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
64.47% above the market average64.47% above the market average64.47% above the market average64.47% above the market average64.47% above the market average
14.29% above the sector average14.29% above the sector average14.29% above the sector average14.29% above the sector average14.29% above the sector average
Price Trend
76.93% below the market average76.93% below the market average76.93% below the market average76.93% below the market average76.93% below the market average
56.52% below the sector average56.52% below the sector average56.52% below the sector average56.52% below the sector average56.52% below the sector average
Income Not Available
Growth
92.28% below the market average92.28% below the market average92.28% below the market average92.28% below the market average92.28% below the market average
71.43% below the sector average71.43% below the sector average71.43% below the sector average71.43% below the sector average71.43% below the sector average

What The Brokers Say

Strong Buy 1
Buy 1
Neutral 1
Sell 0
Strong Sell 0
Total 3
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Headlam Group Dividends

  Latest Previous
  Final Interim
Ex-Div 09-May-24 26-Oct-23
Paid 07-Jun-24 28-Nov-23
Amount 6.00p 4.00p

Trades for 14-Mar-2025

Time Volume / Share Price
14:31 1,743 @ 102.36p
14:03 25,000 @ 102.00p
10:44 37,415 @ 102.00p
10:40 37,415 @ 102.00p
11:23 800 @ 102.08p

Headlam Group Key Personnel

CEO Chris Payne
Chair Stephen Bird

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