StockMarketWire.com - Floorcoverings distributor Headlam's revenue for the first nine months increased by 2.0% in large part due to the £6.8m contribution from acquisitions during the period. In the UK, revenue increased by 2.5% with the underlying like for like performance improving by 0.6%. Revenues from the Continental European businesses decreased by 0.3% during the period and when measured in constant currency, declined by 4.4%. The gross margin improvement in the UK that was a feature of the first six months, has continued through quarter three resulting in the 30 basis point increase on last year being sustained for the nine month period. On the Continent however, gross margin performances deteriorated slightly in the face of continued market pressures.


At 8:31am: [LON:HEAD] Headlam Group PLC share price was +11.13p at 408.63p



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