IN BRIEF: James Halstead says confident in new UK-made product ranges

James Halstead PLC - Manchester, England-based commercial flooring manufacturer and distributor - Says sales fell slightly in the six months to December 31, as central European and Asia Pacific markets remain challenging with an impact on overall total sales. UK sales meanwhile remain robust and are marginally higher on-year despite uncertain market conditions. The company adds: ‘Once again we have seen further growth in the North American and Middle Eastern markets. An uplift in sales to our South African distributor has also been pleasing.’ The firm says its ‘conservative approach to customer credit’ has been a factor in lower revenue across some markets such as the UK.

James Halstead says: ‘Looking ahead, the company is confident that new and updated product ranges produced in the UK factories will see an uplift in revenue and there remains sufficient spare capacity at these factories for any significant uplift in volumes. The Expona Commercial collection in Germany has also been updated and relaunched with favourable reviews, and early sales into the market have been encouraging.’

James Halstead expects to publish half-year results on March 31.

Current stock price: 139.28 pence each, up 1.3% on Thursday afternoon in London

12-month change: down 19%

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