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James Latham Plc - Latest Trading Statement

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James Latham PLC

("James Latham" or the "Company")

Trading Statement

The Board of James Latham provides the following trading statement ahead of the Company's results for the year ended 31 March 2021.

Revenue for the year ended 31 March 2021 has continued its strong recovery, after the first quarter was significantly impacted by the first lockdown.  Full year revenues are expected to be broadly similar to the revenue figure reported for the year ended 31 March 2020.  Gross margins have also continued to show improvement and are expected to be ahead of the figures reported in H1.  The Company's balance sheet remains strong.

The Board plans to report the Company's preliminary results for the year ended 31 March 2021 on 24 June 2021.