Headlam Group (HEAD)

Sector:

Household Goods

Index:

FTSE Small Cap

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

Profits rise at Headlam despite revenue slip

By Abigail Townsend

Date: Tuesday 06 Sep 2022

LONDON (ShareCast) - (Sharecast News) - Headlam Group reported a dip in half-year revenues on Tuesday, after demand weakened in the UK.
The floor coverings distributor reported total revenues of £323.8m for the six months to 30 June, compared to £329.9m a year previously. Sales in mainland Europe rose 5.2% but fell 2.9% in the UK because of weakness in the residential sector, Headlam said.

Operating profits were £22.2m, compared to £14.7m a year previously, however, after higher manufacturer prices were passed onto customers.

The gross margin temporarily rose to 33.7% from 32.7%, due to the "unprecedented" inflationary environment.

Looking ahead, Headlam said it expected the gross margin to fall back in the second half, as the number and scale of price increases eased. Energy costs are also expected to rise from October, when a fixed price energy contract expires.

Chris Payne, chief executive, said: "The financial performance in the period was pleasing given the economic environment and inflationary impact on consumer spending. Commissioned specialist research indicated that the company improved its market share in the period, and new customers have also been secured within the multiple retailers/larger customers space.

"All this provides a high degrees of confidence that the company's strength of driving additional revenue opportunities from a more efficient and modernised operating base is the right one. Headlam said be set fair when the current headwinds ease."

Shares in the AIM-listed firm were ahead 5% at 275p as at noon BST.

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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 186.00
52 Week Low 102.00
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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