James Latham PLC
("James Latham" or the "Company")
Trading Statement
The Board of James Latham provides the following trading statement ahead of the Company's results for the year ended 31 March 2023.
Revenue for the year to 31 March 2023 remains strong and is anticipated to be slightly ahead of market expectations. Cost prices have stabilised and there are few signs of price weakness in the immediate future. Sales volumes are similar to the previous year. As expected, overheads have continued to rise. We continue to monitor and control our overheads closely in the face of high inflation, whilst still investing in our operations to improve service levels. We anticipate that our profit before tax will be in line with market expectations. The Company's balance sheet and cash balances remain strong. The Board plans to report the Company's preliminary results for the year ended 31 March 2023 on 29 June 2023.
This announcement contains inside information for the purposes of Article 7 of the UK version of Regulation (EU) No 596/2014 which is part of UK law by virtue of the European Union (Withdrawal) Act 2018, as amended.
For further information please visit www.lathamtimber.co.uk. or contact:
| James Latham plc | Tel: 01442 849 100 |
| Nick Latham, Chairman |
|
| David Dunmow, Finance Director |
|
| |
|
| |
|
| SP Angel Corporate Finance LLP | Tel: 0203 470 0470 |
| Matthew Johnson / Charlie Bouverat (Corporate Finance) |
|
| Rob Rees (Corporate Broking) |
|
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.