19 January 2023 - trading update
The floorcoverings distributor has provided a trading update covering the year ended 31 December 2022 ahead of announcing final results in March. Revenue and underlying profit before tax are both expected to be marginally ahead of market expectations. Performances from the commercial sector and Continental Europe were said to be pleasing and there was support from product price inflation. Larger customer wins and effective execution of the early stage of the trade counter roll out were positive factors and these helped offset weaker residential demand in the UK. The company also concentrated on efficiency measures . . .
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