JAMES HALSTEAD PLC
INTERIM RESULTS FOR THE HALF-YEAR ENDED 31 DECEMBER 2024
“Strong H1 profitability and record interim dividend, solid margins and profit performance against challenging markets”
Key Figures
James Halstead plc, the AIM listed manufacturer and international distributor of floor coverings, announces its results for the six months ended 31 December 2024:
Financial highlights
- Revenue at £130.1 million (2023: £136.5 million)
- Operating profit at £27.1 million (2023: £26.2 million)
- Pre-tax profit at £28.5 million (2023: £27.4 million)
- Basic earnings per ordinary share 5.0p (2023: 4.8p)
- Interim dividend declared of 2.75p (2023: 2.50p)
- Cash of £63.7 million (2023: £62.4 million)
Operational highlights
- Completed previously announced capital expenditure programmes across our Teesside and Radcliffe sites to upgrade production capabilities
- Attended several South America trade exhibitions, underlining our continued growth in the region and cementing our global reputation as a key flooring provider
- Recofloor won a Gold Award in ‘The Green Apple Environment Awards’
The Executive Chairman, Mark Halstead, commented:
“Against the backdrop of difficult markets, we are pleased to have raised profits underpinned by improved margins and reductions in overheads. We remain confident of the Group’s medium-term prospects, despite short-term confidence weakness in Europe, and anticipate another year of progress.”