James Halstead (AIM:JHD), the commercial flooring manufacturer and one of AIM’s Blue Chips, issued a trading update covering the year ending 30 June 2018. We last covered the Group in our Premium Research here ‘James Halstead - staggering margins from this high class AIM Blue Chip’.
Sales for the year were ahead of the comparative year, which management considers to be a creditable performance in difficult trading conditions; it’s worth remembering that last year was a record for the Group with sales of £241m.
The failure of a German competitor encouraged the Group to undertake the largest ever re-vamp of its homogenous flooring ranges resulting in the launch of “Palettone” in May 2018. This offers a collection of 50 colours optimised for their global market and is presented in a unique, innovative sample package with full customer support from specification to installation. Apparently, the feedback received since launch has been exceptional.
The cost of bringing this new product…
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