Half Year Results 

Headlam flatlines ahead of crucial second half

Headlam flatlines ahead of crucial second half

Earlier this year, management at flooring specialist Headlam (HEAD) warned that difficulties in the UK market, along with cost inflation and investments in efficiency initiatives, meant sales would be flat on 2018, and pre-tax profits would be down. Gladly, the first half of the year seems to have gone smoothly, with the gross margin of 32.5 per cent in line with the 2018 comparative and a 2 per cent increase in like-for-like sales. However, challenges could intensify in the second half.

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