Knowledgeable and long serving colleagues (+2,000)
Servicing a large and diverse trade customer base
Long established supplier relationships across the globe
Broadest and largest product range
Spanning a wide spectrum of
price points and product categories
Large portfolio of exclusive own brand products, and well recognised brands
New launches, including sustainable and recyclable products
Nationwide network and operations
68 national and regional businesses / brands to maximise reach and sales opportunity
Next day delivery from extensive distribution network (22 hubs and centres)
Growing number of trade counter collection sites (59 sites currently)
Leading customer service
Dedicated sales teams and marketing support
Tailored service propositions and comprehensive solutions
Investing in ecommerce and industry leading digital channels
H1 2023 OVERVIEW
Good revenue
growth
Profits lower due to macro and industry headwinds
Revenue +2.5% at £331.8m despite challenging market backdrop with UK volumes 5% lower
Strategic initiatives offsetting regional distribution decline: Larger Customers +26.5%; Trade Counters +8.5%; Regional Distribution -2.6%
Underlying PBT £6.0m (H1 22: £17.3m) impacted by macro and industry headwinds of lower UK residential trading volumes (7% lower), limited manufacturer-led price increases, and high operating cost inflation
Strong cash generation
Continued strategic
progress
Efficiency and mitigating actions providing £5.0m of support in H1 2023, expected to build in H2
Strong cash generation with £19.8m of positive Underlying Operating Cash Flow (H1 22: £15.4m outflow)
Interim dividend of 4.0p (H1 22: 6.2p), cover lowered to 1.5x reflecting confidence for future and strong balance sheet
Investing for the future, strategic investment in trade counters, people and capability, and improvements to network
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Headlam Group plc published this content on 05 September 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 05 September 2023 07:31:08 UTC.
Headlam Group plc is a United Kingdom-based floorcoverings distributor. The principal activities of the Company and its subsidiaries are the sales, marketing, supply and distribution of floorcoverings and certain other ancillary products in the United Kingdom and certain Continental European territories. It has a customer base spanning independent and multiple retailers, small and large contractors, and housebuilders. The Company works with suppliers across the globe manufacturing the broadest range of products, and gives them a route to market, selling their products to a large and diverse trade customer base. It provides its customers with a service through the product range, in-depth knowledge, e-commerce and marketing support, and nationwide next day delivery service. It operates about 67 businesses and trade brands across the United Kingdom and Continental Europe (France and the Netherlands), which are supported by its network, central resources, and processes.
HEADLAM GROUP PLC 
