Residential sales 'strong' says Headlam
July 29, 2021
Leading UK flooring distributor Headlam says residential sales are strong with increasing confidence that its full year sales will be "materially ahead of current market expectations."
In a trading update to investors, Headlam plc said sales for the first half of 2021 were in line with 2019 figures, despite this year starting with more than three months of lockdown - and sales are 45% above the 2020 figures.
Reporting on the six months to 30 June 2021, the Company said: "Performance improved through the period, with initial soft trading in the first two months being followed by good monthly performances. The residential sector was strong throughout, with the weak commercial sector curtailing overall performance to H1 2019 levels."
Headlam says that summer refurbishments in the contract sector are starting to make in ground in their commercial division.
Full interim results for Headlam plc for the six months ended 30 June 2021 will be announced on 2 September 2021.
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