JAMES HALSTEAD PLC

AGM Information • Dec 1, 2023

National Storage Mechanism | Additional information

RNS Number : 2938V

James Halstead PLC

01 December 2023

 

1 December 2023

JAMES HALSTEAD PLC

(the 'Group')

Chairman's Statement to the Annual General Meeting

James Halstead plc, the commercial flooring company, is holding its 108th AGM today at 12.00 noon at which the Chairman, Mr Anthony Wild, will make the following statement:

"Firstly, let me welcome you all to our AGM.  Customarily, I give a short update on trading for the first few months of our financial year.

Today we will approve our final dividend of 5.75p per ordinary share - yet another record dividend which marks the 47th year of increase.

In the first five months trading of the current financial year I can report that, whilst our major markets face strong competition, we are seeing improved output and profits which are materially ahead of the comparatives. We are confident of achieving full year market expectations of improved bottom line results and exceeding the half year comparatives, as well as extending our track record of increased dividends.

In addition, cash levels are also materially ahead of prior year comparatives for the five months. 

I and the Board remain positive about the medium-term prospects for the Group as a whole."

- Ends -

Enquiries:
James Halstead:
Mark Halstead, Chief Executive	Telephone: 0161 767 2500
Gordon Oliver, Finance Director
Hudson Sandler:
Nick Lyon	Telephone: 020 7796 4133
Nick Moore
Panmure Gordon (NOMAD & Joint Broker):
Dominic Morley	Telephone: 020 7886 2500
WH Ireland (Joint Broker):
Ben Thorne	Telephone: 020 7220 1666

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