Source - SMW
Headlam Group expects underlying pre-tax profits for the year ended 31 Dec to be comfortably in-line with consensus market forecasts of £42.5m - an uplift of 6.0% on the prior year.

The group update on 7 Dec has said that the first four months of the second half of 2017 were characterised by weaker markets. 

But the group said trading performance improved in November and December relative to the first four months of the second half.

 This led to an overall positive result for the year, with total revenue growth of 2.1% (1.2% in constant currency) (with one less working day than 2016) and like-for-like revenue growth in the UK and Continental Europe of 0.5% and 4.2% respectively.

The company said its concerted focus on margin enhancement and efficiencies throughout 2017 more than offset the slightly lower than originally anticipated revenue growth.