Headlam Group plc (GB:HEAD) has released an update.
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Headlam Group plc, the UK’s leading floorcoverings distributor, reports a 12.3% revenue decline in the recent four-month period, driven by a weakening market and reduced consumer spending. Despite the downturn and a pre-tax loss of £10.6 million, the company is accelerating its strategy to integrate and simplify operations, aiming for cost reductions and property disposal cash benefits. With a strong liquidity position and continued investment in strategic growth areas, Headlam remains optimistic about its medium-term growth, expecting market recovery and improved profitability by 2025.
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