Headlam Group increased its sales revenue by 3.3 % in the first half-year 2019 to 348.7m £. Part of this growth, roughly 7.1m £, is attributable to contributions from newly acquired companies. Headlam had made a total of five acquisitions in 2018, three of them in the second half of the year. Adjusted sales revenue, in which not only the effects of acquisitions have been subtracted but also the changes in exchange rates and the number of working days, increased by 2.0 % or 6.5m £.
Growth was also achieved in “Residential” and “Commercial” business, though the rate was higher in the Commercial segment at +5.7 % to 125.8m £. In the Residential segment, sales revenue rose by 2.0 % to 222.9m £.
The operating result improved by 1.7 % to 17.1m £. The underlying operative profit remained stable at 18.1m £. A reduction of 2.7 % to 16.0m £ was recorded in the pre-tax result. Net profit fell slightly to 13.1m £.
