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An update from Headlam ( (GB:HEAD) ) is now available.
Headlam Group PLC reported a 9.7% decline in full-year revenue to £593 million for 2024, impacted by weak market conditions affecting its Regional Distribution business despite growth in strategic areas. The company announced a significant achievement in its transformation plan with the sale of property at a premium, resulting in net cash of £11 million and a property portfolio valued at £95 million, setting the stage for further updates in its full-year results in March 2025.
More about Headlam
Headlam Group PLC is the UK’s leading distributor of floorcoverings, offering a wide range of products sourced from global suppliers. The company serves a diverse customer base, including independent and multiple retailers, contractors, and housebuilders, providing comprehensive services such as ecommerce and marketing support, and nationwide next day delivery. Headlam operates across the UK and parts of Europe, leveraging a network of businesses and brands to maximize customer reach.
YTD Price Performance: -1.41%
Average Trading Volume: 82,959
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £112.3M
See more insights into HEAD stock on TipRanks’ Stock Analysis page.
