Floor coverings firm Headlam Group’s has revealed a 6.4 per cent rise in revenue during the 10 months to the end of October.
The Coleshill-based group said its UK revenue had increased by 7.6 per cent with the underlying like-for-like performance improving by 7.9 per cent.
The group said its revenue performance over the four months to the end of October had built upon the successful achievement of the first six months of the year.
Gross margin percentage in the UK for the 10 months has reduced compared with the first six months of the year due to changes in product mix.
Chief executive Tony Brewer said: “As of today, November’s revenue performance is consistent with the previous ten months.
“Provided planned revenues are achieved for the remainder of the year, the board is confident that the group will deliver its internal performance target for 2011, as revised at the time of the Interim announcement in August.”
Despite the improvement in performance, the group said sales from its continental European businesses measured in constant currency, reduced by five per cent over the 10-month period.
However, since the collective percentage gross margin of the Continental businesses remains ahead of last year, this has compensated for the loss of revenue, the group said.