27 July 2023 - trading update
The UK's leading floorcoverings distributor has issued a trading update for the six months to 30,June revealing that revenues for the period rose 2.5% to £332m despite a fall in residential trading volumes of almost 7%. Larger customers and trade counter sales rose to make up for this though. However., recent residential trading volumes are even weaker than expected and as a result, adjusted pre-tax profit figures for the year will be lower than expectations. Despite this, long-term growth prospects remain solid although forecasts for the current year have been . . .
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