Business
Preliminary Results
Preliminary Results.
About this update from Headlam Group Plc
[{"type":"text","content":"\n \nRNS Number : 8732Q Headlam Group PLC 03 March 2016 \n\n3 March 2016\n \nHeadlam Group plc\n(\"Headlam\" or \"the group\")\n \nPreliminary Results for the year ended 31 December 2015\n \nHeadlam Group plc (LSE: HEAD), Europe's leading floorcoverings distributor, is pleased to announce its preliminary results for the year ended 31 December 2015.\nKey financials\n · Revenue up 3.0% to £654.1 million (2014: £635.2 million)\n · Operating profit up 16.9% to £36.8 million (2014: £31.5 million)\n\n · Profit before tax of £35.6 million up 17.6% (2014: £30.3 million)\n · Earnings per share up 18.2% to 33.8 pence (2014: 28.6 pence)\n · Total ordinary dividends paid and proposed up 18.3% to 20.70 pence (2014: 17.50 pence)\n · Net funds increased by £19.3 million to £43.9 million as at 31 December 2015 (31 December 2014: £24.6 million)\n\nHighlights\n · The board has declared a special dividend of 6.0 pence to be paid on 25 April 2016 \n · Further gains achieved in UK market share, with like-for-like revenues increasing by 3.9% and total UK revenues increasing by 4.9%, exceeding the 2015 forecast market growth of 3.4% (Source: AMA Research Limited) \n · Acquisition of Matty's Wholesale Carpets in January 2015 for £2.0 million, bringing the total number of UK businesses to 56\n · London showroom opened in Clerkenwell to support Headlam Corporate, a new business unit targeting specified commercial flooring\n \n \nTony Brewer, Headlam's Group Chief Executive, said:&nbs...