Pre-tax profits at flooring company Headlam Group (LON:HEAD) are expected to be 6 percent higher than the previous year, despite weaker markets in the second half of 2017.
In an update to markets given on Thursday, the group confirmed that underlying pre-tax profits for the year ended 31 December would be comfortably in-line with market forecasts of £42.5 million.
The group’s update at the beginning of December warned that there had been weaker-than-expected demand in the second half of 2017, but that performance had picked up towards the end of the year.
This left the group with an overall positive result for the year, with total revenue growth of 2.1 percent.
Shares in Headlam are currently trading up 0.35 percent at 572.00 (0930GMT).
