Headlam performance ‘pleasing’

Headlam has said trading in the past four months has been ‘pleasing’ and almost back to pre-pandemic levels.

‘Overall performance was pleasing and in-line with internal expectations, with trading improving throughout the period following a soft start. Revenue for the period was up 30.6% against the 2020 period which was significantly impacted by COVID-19 related site closures from late March 2020, and only slightly below the 2019 comparator despite continuing lockdown measures,’ it told shareholders ahead of its AGM.

‘March and April 2021 delivered good performances, with April 2021 seeing a consistent performance throughout the month. Strong residential sector performance continued to compensate for a weak commercial sector, which has been more meaningfully impacted by COVID-19, albeit there was a discernible improvement as the period progressed. Trading to-date in May 2021 has continued the performance experienced during the previous two months.’



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