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Annual Results

Headlam operating profits rise

03 March 2016 08:10

Headlam Group saw revenue, profit and market share growth in the year to the end of December.

Revenue rose by 3.0% to GBP654.1 million, operating profit increased by 16.9% to GBP36.8 million and pre-tax profits were 17.6% higher at GBP35.6m.

Group chief executive Tony Brewer said: "2015 was another year of revenue, profit and market share growth at Headlam and a year of significant cash generation. Given that the current cycle of large capital expenditure is more or less complete, with just the construction of the Ipswich distribution facility remaining, the board has elected to return cash to shareholders by way of a special dividend of 6.0 pence per share."

"Trading in the current year has started well, with like for like growth in the UK of 6.3% during the first eight weeks of the year. We are confident that the group will continue to perform well during the year ahead."

At 8:10am: (LON:HEAD) Headlam Group PLC share price was +12.25p at 507.5p

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