Business
Trading Statement
Trading Statement.
About this update from James Halstead Plc
[{"type":"text","content":"\n RNS Number : 9438X James Halstead PLC 01 July 2008 \n \n\n\n\n\n1 July 2008\n\nJames Halstead plc\nTrading update \n\nJames Halstead plc, the commercial flooring manufacturer and distributor based in Manchester, is pleased to provide the following update on trading.\n\nSince our interim results were published on 31 March 2008 good progress has continued to be made and, as a result, profits for the year to 30 June 2008 will be materially ahead of market expectations.\n\nGrowth in our home market has continued at the levels seen in the first six months of trading, most notably in the refurbishment market, notwithstanding the widely reported problems associated with the commercial property sector. European markets have made further progress with the German market in particular putting in a strong trading performance. Our Australian subsidiary is also trading at record levels and other export markets have continued to expand.\n\nThough energy costs and raw materials remain of concern and market price competition is fierce the Group remains confident, but nevertheless vigilant and cautious, in this period of economic uncertainty. The Manchester factory has seen inevitable margin erosion on some product lines but overall the product mix and the continued outsourcing programme have enabled us to manage these pressures effectively. \n\nEnquiries:\n\n\n\n\n\nJames Halstead\n\n\n0161 767 2500\n\n\n\n\nGordon Oliver, Finance Director\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nHudson Sandler\n\n\n020 7796 4133\n\n\n\n\nNick Lyon\n\n\n\n\n\n\n\n\nThis information is provided by RNSThe company news service from the London Stock Exchange END TSTQBLFXVQBLBBL \n ","length":4060,"tagName":"div"}]