Latham(James) PLC Trading Statement
28 March 2024 - 6:00PM
RNS Regulatory News
RNS Number : 5782I
Latham(James) PLC
28 March 2024
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 2024.
Revenue for the year to 31 March 2024 remains in
line with market expectations. Cost prices of both timber and
panels are relatively stable. The ongoing issues affecting shipping
in the Red Sea have caused some delays and increased costs for some
of our imported products, although this is currently not causing
concern. Sales volumes are very similar to the previous
year.
Overheads have been well controlled but are
slightly higher due to inflationary increases and our continuing
investment in our depots 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 2024 on 27 June
2024.
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:
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James Latham plc
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Tel: 01442 849 100
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Nick Latham, Chairman
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David Dunmow, Finance Director
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SP Angel Corporate Finance LLP
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Tel: 0203 470 0470
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Matthew Johnson / Charlie Bouverat (Corporate
Finance)
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Rob Rees (Corporate Broking)
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