1 August 2017

Pre-Close Trading Statement

James Halstead plc, the commercial flooring manufacturer and distributor, is providing the following trading update ahead of its final results for the year to 30 June 2017.

In the Chairman's statement announced on 29 March 2017, it was noted that for the first six month's trading a slow-down in the UK market and adverse price pressure on raw material and overseas sourced goods were holding back the benefits of export currency gains. This continued in the second half year and was exacerbated by a number of major distributors in the UK reducing stock levels

Notwithstanding this backdrop we are confident of once again reporting record turnover and profits for the year to 30 June 2017.

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.

Enquiries:

Mark Halstead, Chief Executive

Gordon Oliver, Finance Director

Telephone: 0161 767 2500

Nick Lyon - Hudson Sandler

Telephone: 020 7796 4133

Ben Thorne - Panmure Gordon Andrew Potts

Telephone: 020 7886 2500

Chris Hardie - Arden Partners

Telephone: 020 7614 5900

James Halstead plc published this content on 01 August 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 01 August 2017 09:21:09 UTC.

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