beeldscherm schreef op 28 juni 2014 11:19:
[...]
Northland Capital Partners View on the City: James Latham.
June 26 2014,
BUSINESS SERVICES: LATHAM (JAMES) (LON:LTHM) 480p)
PRELIMS: STRONG END TO FY14; GOOD START TO FY15
•Strong performance: Revenue increased 14.0% to £163.1m and adj. operating profit by 28.6% to £9.5m as the benefits of operational gearing more than outweighed a 20bps decrease in group gross margin to 17.4%. The dip in GM reflected a higher proportion of direct business and increased competition. Timber revenue grew 12% over FY13, a period that included a soft final quarter. Focus panel product sales increased 11% and commodity plywood sales increased significantly as Latham benefited from its long term commitment to environmental purchasing. Accoya (modified wood) and WoodEx (engineered timber) both saw significant growth.
.....
. Having managed to take market share during the construction sector’s downturn, James Latham is benefiting from the general recovery, impact of the 2013 EU timber regulations and its investment in developing an innovative range of products
significant growth in Accoya sales........dat is nummero uno