LONDON (ShareCast) - (Sharecast News) - Floor coverings manufacturer Airea expects to report lower earnings from the first half of its trading year despite "a very strong order book" and first quarter, bolstered by continued growth in the group's export markets.
Airea told investors on Thursday that revenues would be "slightly down" year-on-year, alongside a lower operating profit for the half compared with the corresponding period in 2018.

The AIM-listed firm said the declines were due to "significantly tougher conditions" during the second quarter.

It noted that like many UK businesses, the economic headwinds were "against" it and that it was experiencing "a high level of market uncertainty".

However, Airea said it was "well positioned" to continue to prosper despite the continued economic uncertainty looking forward.

As of 0930 BST, Airea shares had tumbled 28.43% to 54.75p.

Email this article to a friend

or share it with one of these popular networks:

• DIGG
• FACEBOOK
• STUMBLEUPON
• MIXX
• YAHOO BUZZ
• DELICIOUS
• REDDIT
• NEWSVINE