Business
AGM Statement
AGM Statement.
About this update from Headlam Group Plc
[{"type":"text","content":"\n \nRNS Number : 7901Y Headlam Group PLC 20 May 2016 \n\n20 May 2016\n \nHeadlam Group plc\n(\"Headlam\" or \"the group\")\nAnnual General Meeting Statement\n \nHeadlam (LSE: HEAD), Europe's leading floorcoverings distributor, will hold its Annual General Meeting at 10.00 a.m. today at which the group's Chairman, Dick Peters, will make the following statement:\n \n\"The group's performance has advanced well in the current financial year with revenue growth of 4.5% over the first four months to 30 April 2016. In the UK, the overall like-for-like increase in revenue was 4.0% with a strong expansion in residential activity at 6.1%, significantly ahead of the commercial business which marginally declined by 0.4% during the period.\n \n\"Revenues from the Continental European businesses collectively improved by 2.2%, measured in constant currency, with all three countries contributing to the positive result and reversing the 3.8% decline registered for the year ended 31 December 2015.\n \n\"The group's revenue increase, in combination with gross margin and expenses in-line with trading expectations, has resulted in the operating margin showing further improvement compared with the equivalent period last year.\n \n\"Whilst early in the year, and with the busy trading months ahead, the board remains confident of achieving further progress during 2016.\"\n \n \n \nEnquiries:\n \nHeadlam Group plc \nTony Brewer, Group Chief Executive Tel: +44 (0) 1675 433000\nStephen Wilson, Group Finance Director \n \n\n\n\n\nInvestec Bank plc (Joint Corporate Broker)\n\n\nTel: +44 (0) 20 7597 4000\n\n\n\n\nGarry Levin / David Flin / Josh Levy\n\n\n\n\n\n\n\n \nArden Partners plc (Joint Corporate Broker)  ...