Headlam sees residential UK sales growth
Flooring distributor Headlam saw increased UK residential sales in the past six months, and lifted margins.
UK residential sales rose by 2.8% on a like for like basis in the six months to 30 June. Contract sales rose by 0.5%, giving a combined rise of 2.1%. UK sales were £293.7m.
Continental Europe, which accounted for 14.1% of total revenue showed like-for-like growth of 3%. The residential sector delivered strong growth of 6.7% whilst the commercial sector fell by 0.5% as the positive performance from both the Dutch and French businesses was offset by the Swiss business.
Gross margin rose by 1.03% to 31.06% mainly ‘as a consequence of the focus on more effective organisation and streamlining of the company's businesses' practices’.
The group said trading continues to be inline with expectations for the full year.
The group is due to publish its interim results on 21 August.