0R15 9080.0 -2.7837% 0R1E 9565.0 5.7373% 0M69 None None% 0R2V 237.99 14.1439% 0QYR 1560.0 -0.7634% 0QYP 425.0 3.7851% 0RUK None None% 0RYA 1576.0 1.2203% 0RIH 190.65 0.0% 0RIH 193.2 1.3375% 0R1O 222.7 10139.0805% 0R1O None None% 0QFP 10717.21 112.6431% 0M2Z 295.8502 1.1713% 0VSO 32.02 -10.0688% 0R1I None None% 0QZI 595.0 0.0% 0QZ0 220.0 0.0% 0NZF None None% 0YXG 227.46 0.5396%
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James Halstead (LSE:JHD) Reports FY24 Revenue Drop but Achieves 5% Increase in Gross Profit
Highlights
James Halstead PLC (LSE:JHD), a prominent member of the FTSE AIM UK 50 Index, is a UK-based leader in producing and distributing floor coverings worldwide. Its operations span across the UK, Europe, Scandinavia, Australasia, Asia, and other global markets.
The company continued investment in its operations, such as updating Riverside's drive system (GBP 350,000), installing LED lighting at Royton (GBP 200,000), and preparing for solar panel installation at Radcliffe (GBP 400,000). It also secured notable business in several countries, strengthening its global market footprint.
In the financial year 2024 (FY24), James Halstead reported revenue of GBP 274.88 million, down 9.4% from GBP 303.56 million in FY23, reflecting challenges in the UK and European markets, along with disruptions in global trade routes, especially in the Red Sea, which affected sales and increased freight costs.
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