Financial Express (Holdings) Limited (“we”, “our”, “us” and derivatives) are committed to protecting and respecting your privacy. This Privacy Policy, together with our Terms of Use, sets out the basis on which any personal data that we collect from you, or that you provide to us, will be processed by us relating to your use of any of the below websites (“sites”).

  • FEAnalytics.com
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  • FETransmission.com
  • Investegate.co.uk
  • Trustnet.hk
  • Trustnetoffshore.com
  • Trustnetmiddleeast.com

For the purposes of the Data Protection Act 1998, the data controller is Trustnet Limited of 2nd Floor, Golden House, 30 Great Pulteney Street, London, W1F 9NN. Our nominated representative for the purpose of this Act is Kirsty Witter.

WHAT INFORMATION DO WE COLLECT ABOUT YOU?

We collect information about you when you register with us or use any of our websites / services. Part of the registration process may include entering personal details & details of your investments.

We may collect information about your computer, including where available your operating system, browser version, domain name and IP address and details of the website that you came from, in order to improve this site.

You confirm that all information you supply is accurate.

COOKIES

In order to provide personalised services to and analyse site traffic, we may use a cookie file which is stored on your browser or the hard drive of your computer. Some of the cookies we use are essential for the sites to operate and may be used to deliver you different content, depending on the type of investor you are.

You can block cookies by activating the setting on your browser which allows you to refuse the setting of all or some cookies. However, if you use your browser settings to block all cookies (including essential cookies) you may not be able to access all or part of our sites. Unless you have adjusted your browser setting so that it will refuse cookies, our system will issue cookies as soon as you visit our sites.

HOW WE USE INFORMATION

We store and use information you provide as follows:

  • to present content effectively;
  • to provide you with information, products or services that you request from us or which may interest you, tailored to your specific interests, where you have consented to be contacted for such purposes;
  • to carry out our obligations arising from any contracts between you and us;
  • to enable you to participate in interactive features of our service, when you choose to do so;
  • to notify you about changes to our service;
  • to improve our content by tracking group information that describes the habits, usage, patterns and demographics of our customers.

We may also send you emails to provide information and keep you up to date with developments on our sites. It is our policy to have instructions on how to unsubscribe so that you will not receive any future e-mails. You can change your e-mail address at any time.

In order to provide support on the usage of our tools, our support team need access to all information provided in relation to the tool.

We will not disclose your name, email address or postal address or any data that could identify you to any third party without first receiving your permission.

However, you agree that we may disclose to any regulatory authority to which we are subject and to any investment exchange on which we may deal or to its related clearing house (or to investigators, inspectors or agents appointed by them), or to any person empowered to require such information by or under any legal enactment, any information they may request or require relating to you, or if relevant, any of your clients.

You agree that we may pass on information obtained under Money Laundering legislation as we consider necessary to comply with reporting requirements under such legislation.

ACCESS TO YOUR INFORMATION AND CORRECTION

We want to ensure that the personal information we hold about you is accurate and up to date. You may ask us to correct or remove information that is inaccurate.

You have the right under data protection legislation to access information held about you. If you wish to receive a copy of any personal information we hold, please write to us at 3rd Floor, Hollywood House, Church Street East, Woking, GU21 6HJ. Any access request may be subject to a fee of £10 to meet our costs in providing you with details of the information we hold about you.

WHERE WE STORE YOUR PERSONAL DATA

The data that we collect from you may be transferred to, and stored at, a destination outside the European Economic Area (“EEA”). It may be processed by staff operating outside the EEA who work for us or for one of our suppliers. Such staff may be engaged in, amongst other things, the provision of support services. By submitting your personal data, you agree to this transfer, storing and processing. We will take all steps reasonably necessary, including the use of encryption, to ensure that your data is treated securely and in accordance with this privacy policy.

Unfortunately, the transmission of information via the internet is not completely secure. Although we will do our best to protect your personal data, we cannot guarantee the security of your data transmitted to our sites; any transmission is at your own risk. You will not hold us responsible for any breach of security unless we have been negligent or in wilful default.

CHANGES TO OUR PRIVACY POLICY

Any changes we make to our privacy policy in the future will be posted on this page and, where appropriate, notified to you by e-mail.

OTHER WEBSITES

Our sites contain links to other websites. If you follow a link to any of these websites, please note that these websites have their own privacy policies and that we do not accept any responsibility or liability for these policies. Please check these policies before you submit any personal data to these websites.

CONTACT

If you want more information or have any questions or comments relating to our privacy policy please email [email protected] in the first instance.

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Headlam Group PLC (HEAD)

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Thursday 07 December, 2017

Headlam Group PLC

Trading Update

RNS Number : 6291Y
Headlam Group PLC
07 December 2017
 

7 December 2017

Headlam Group plc

('Headlam' or the 'Company')

 

Trading Update

Headlam Group plc (LSE: HEAD), Europe's largest distributor of floorcoverings, is pleased to provide a trading update in respect of the ten months to 31 October 2017.

Trading for the ten month period was positive with total revenue growth of 2.7% against the comparable period in the prior year (1.7% in constant currency), and UK and Continental Europe delivering like-for-like revenue* growth of 0.7% and 4.5% respectively.

While the first half of 2017 delivered total revenue growth of 4.0%, the first four months of the second half was characterised by weaker markets as evidenced by modest revenue growth of 1.5% (0.6% in constant currency). In this four-month period, UK like-for-like revenue* decreased 1.1%, with the commercial sector declining by 2.6% and the residential sector marginally down by 0.4%. Continental Europe, however, saw more robust growth with like-for-like revenue* growth of 6.6%, and the residential sector increasing by 11.3%.

Initial indications are that trading in November 2017 in the UK showed a marginally improved performance compared with the first four months of the second half.

Notwithstanding the recent market weakness, which is anticipated to result in revenue growth for the year being marginally lower than planned, due to the concerted focus on margin enhancement and efficiencies throughout the year, the Company continues to expect to report profit before tax for the financial year ending 31 December 2017 in-line with consensus market expectations.

Going forward the Company will issue a pre-close trading update in January so that it can provide a more complete update on trading for the entire important fourth quarter.

Steve Wilson, Headlam's Chief Executive, said:

 

"We are pleased with our performance despite the weaker backdrop.  Our performance underlines our comparative robustness due to our market position, scale and ongoing efficiency initiatives. While weaker markets could continue to subdue overall revenue growth, we believe we can continue to enhance our margins and deliver higher levels of profitability going forward."

 

The Company has separately today announced the acquisition of Domus Group of Companies Limited ('Domus'), the UK's leading specification consultant and supplier of hard surfaces for premium construction and refurbishment projects, for a total maximum consideration of £35.4 million.

*Like-for-like revenue is calculated based on constant currency from activities and businesses that made a full contribution in both the 2017 and 2016 periods and is adjusted for any variances in working days

 

Enquiries:

 

Headlam Group plc

Tel: 01675 433 000

Steve Wilson, Chief Executive

Catherine Miles, Director of Communications

 

 

 

Investec Bank plc (Corporate Broker) 

Tel: 020 7597 5970

Garry Levin / David Flin / Alex Wright




Buchanan (Financial PR and IR)

Tel: 020 7466 5000

Mark Court / Sophie Wills / Catriona Flint

 



Notes for Editors:

 

Headlam is Europe's largest distributor of floorcoverings having grown significantly via organic growth and acquisition since 1992.

 

Headlam's core business provides the distribution link between suppliers and customers of floorcoverings, providing suppliers with the greatest coverage and customer penetration for their products across the UK and Continental Europe, and customers with the broadest range of products supported by next day delivery.  The acquisition of Domus, the UK's leading specification consultant, extends the Company's activities into the supply of hard surfaces for premium construction and refurbishment projects.

 

The Company is engaged with suppliers across 17 countries whose products cover a significant proportion of the floorcoverings market including, carpet, residential vinyl, wood, laminate, luxury vinyl tile, ceramic, underlay and commercial flooring. The Company's customers are within both the residential and commercial sectors and comprise principally independent retailers and flooring contractors.

 

The Company comprises 62 wholly-owned businesses in the UK and Continental Europe each operating under their own trade brand and utilising their individual sales team which achieves a greater reach into the customer base.

 

Each of the businesses is supported by the Company's centralised and financial resources and extensive distribution network across the UK and Continental Europe.

 

www.headlam.com

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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