Headlam enjoys sales boost
Headlam has enjoyed a strong lift in sales, taking market share from rivals.
As a group the country's largestflooring distributor enjoyed a 7.6% increase in UK sales in the ten months to 31 October, with sales increasing since mid-summer and it has maintained that success into November.
Tony Brewer, Headlam chief executive says gross margins had slipped since the summer because of changes in product mix but he expected full-year margins to be on par with 2010.
'As of today, November's revenue performance is consistent with the previous ten months. Provided planned revenues are achieved for the remainder of the year, the board is confident that the group will deliver its internal performance target for 2011, as revised at the time of the interim announcement in August.'
European sales have fallen by 5% – due mainly to Switzerland – but margins remain ahead of last year.