{"id":88351,"date":"2024-11-30T06:36:50","date_gmt":"2024-11-30T06:36:50","guid":{"rendered":"https:\/\/tin.happy-projects.ro\/james-latham-drops-on-warning-that-timber-recovery-is-still-delayed\/"},"modified":"2025-09-19T09:03:15","modified_gmt":"2025-09-19T09:03:15","slug":"james-latham-drops-on-warning-that-timber-recovery-is-still-delayed","status":"publish","type":"post","link":"https:\/\/www.timberindustrynews.com\/ro\/james-latham-drops-on-warning-that-timber-recovery-is-still-delayed\/","title":{"rendered":"James Latham drops on warning that timber recovery is still delayed"},"content":{"rendered":"

<\/span>Shares in\u00a0James Latham\u00a0fell 16% after the timber specialist reported a fall in first-half profits and warned of \"slightly lower\" full-year results as an\u00a0expected improvement in the market in the second half has not yet materialised.<\/p>\n

Revenue for the six months to September 30 of \u00a3186.6 million was 2.3% lower than a year earlier, with sales volumes up 4.1% as cost prices of timber and panels remained stable but there were \"signs of price weakness\" in some commodity products.<\/p>\n

\"We are still seeing a move in the product mix of our sales towards cheaper alternative products,\" the company said.<\/p>\n

Operating profit fell 22% to \u00a311.3 million.<\/p>\n

While the\u00a0first two months of the second half have seen stable volumes there has been no sign of the\u00a0expected market improvement, with pressures from a major competitor's insolvency and margin challenges from rivals cutting prices.<\/p>\n

Opportunities include new product lines such as\u00a0melamine and laminate panels, while the decision has been taken to invest in a\u00a0new national distribution centre to try and enhance efficiency.\u00a0Bad debts are rising, but credit insurance remains strong.<\/p>\n

Results for the year to March 2025 are now anticipated to \"fall slightly below last year's results\", with the expected improvement in market conditions not expected until the middle of 2025.<\/p>\n

 <\/p>","protected":false},"excerpt":{"rendered":"

Shares in\u00a0James Latham\u00a0fell 16% after the timber specialist reported a fall in first-half profits and warned of “slightly lower” full-year results as an\u00a0expected improvement in the market in the second half has not yet materialised. Revenue for the six months … Continue reading →<\/span><\/a><\/p>","protected":false},"author":1,"featured_media":50484,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[4716],"tags":[],"class_list":["post-88351","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-trends"],"acf":[],"yoast_head":"\nJames Latham drops on warning that timber recovery is still delayed - Timber Industry News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.timberindustrynews.com\/ro\/james-latham-drops-on-warning-that-timber-recovery-is-still-delayed\/\" \/>\n<meta property=\"og:locale\" content=\"ro_RO\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"James Latham drops on warning that timber recovery is still delayed - Timber Industry News\" \/>\n<meta property=\"og:description\" content=\"Shares in\u00a0James Latham\u00a0fell 16% after the timber specialist reported a fall in first-half profits and warned of "slightly lower" full-year results as an\u00a0expected improvement in the market in the second half has not yet materialised. 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