James Halstead PLC (AIM:JHD) on Wednesday expressed confidence of a positive half-year outturn despite weaker demand in some European markets.
Updating investors on trading in the half-year to 31 December 2023, the Manchester-based flooring manufacturer said the board's “expectations for the full year remain positive and for continued progress on dividend distributions”.
But it cautioned it had seen a “softening of sales demand in some European markets”.
Nonetheless, interim annual profit is expected to be “in the region” of 15-20% ahead of the prior year comparative with a robust cash balance.
Half-year results will be released on 27 March.