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 warns of weak residential sector despite revenue rise

By Josh White

Date: Thursday 25 May 2023

LONDON (ShareCast) - (Sharecast News) - Floorcoverings distributor Headlam reported a robust revenue performance in the first four months of the year on Thursday, amid ongoing market share gains.
The London-listed firm, which was holding its annual general meeting, said that despite facing challenges such as a decline in residential sector market volumes, primarily driven by the current economic environment and weak consumer confidence, it managed to achieve revenue growth of 3.4% year-on-year.

During the first four months, Headlam said it experienced a limited impact from manufacturer-led price increases, which were prevalent in 2022.

"Notwithstanding the overall positive year on year revenue performance, the lower residential volumes coupled with the moderation in price increases has reduced gross margin in the first four months of the year," the Headlam board said in its statement.

"However, the company is deploying several mitigating actions."

Headlam said those included undertaking further cost control, reviewing prices - in particular where prices were previously held despite the inflationary environment - and launching or relaunching products under its own product brands strategy ahead of the busier second half.

"Many of these actions have already been successfully implemented and are starting to contribute to overall business performance, albeit the benefits are mostly second half weighted and overall profit performance remains dependent on consumer sentiment in the residential market."

At 1244 BST, shares in Headlam Group were down 8.48% at 240.7p.

Reporting by Josh White for Sharecast.com.

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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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