Five year record
(continuing operations before exceptional items)
The following shows key financial and other data for the Group for the last five financial years.
| December 2022 52 weeks £m | December 2021 52 weeks £m | December 2020 52 weeks £m | December 2019 52 weeks £m | December 2018 52 weeks £m | ||
| Summarised Income Statement | ||||||
| Revenue | 2,319.0 | 2,093.7 | 1,547.5 | 1,583.6 | 1,511.3 | |
| Operating Profit | 415.2 | 401.7 | 195.7 | 260.0 | 240.1 | |
| Profit before tax | 405.8 | 390.3 | 185.3 | 260.7 | 238.5 | |
| Full year dividend per share (pence) | Note 1 | 20.6 | 19.5 | 18.2 | 3.9 | 11.6 |
| Basic EPS (pence) | 65.7 | 53.2 | 24.9 | 35.0 | 31.3 | |
| Summarised Balance Sheet | ||||||
| Non-current assets excluding leases and pension | 471.5 | 332.1 | 290.7 | 251.7 | 221.4 | |
| Non-current lease right-of-use assets | 614.3 | 555.8 | 544.2 | – | – | |
| Inventories | 373.3 | 301.6 | 255.0 | 231.8 | 226.3 | |
| Receivables (incl tax) | 265.6 | 205.8 | 166.6 | 193.1 | 186.0 | |
| Payables and provisions | (454.2) | (468.7) | (338.2) | (272.2) | (261.9) | |
| Pension (liability)/asset | (41.5) | 140.8 | (47.7) | (56.6) | (36.0) | |
| Total lease liabilities | (665.3) | (591.2) | (580.5) | – | – | |
| (542.4) | (411.7) | (544.8) | 96.1 | 114.4 | ||
| Net cash & short term investments | 308.0 | 515.3 | 430.7 | 267.4 | 231.3 | |
| Total net assets | 871.7 | 991.5 | 720.8 | 615.2 | 567.1 |
Note 1 - Dividends. In 2019, an interim dividend of 3.9p/share and a final dividend of 9.1p/share were declared, making a total of 13.0p/share. However, following the disruption caused by the outbreak of COVID in early 2021, the 2019 final dividend of 9.1p/share was not paid. In 2021 there was no interim dividend declared, but (see note 11 of these financial statements), there was a 2020 final dividend of 9.1p/share and also a special dividend of 9.1p/share, making a total of 18.2p/share for 2020.
HOWDENS Making space more valuable
Business Model and Strategy
Find out more about our business model and strategy, the markets in which we operate and our strategic approach to protect our unique business model and ensure that the business continues to grow.
Depots
As a familiar sight across towns and cities in the UK and Europe, our depots are always within easy reach, so a trade professional never has far to travel to find their nearest Howdens. Get to know more about how each one operates.
Sustainability
Our sustainable behaviour is at the heart of our business and enables us to reduce some of our risks. We take great pride in ensuring that our business positively impacts the world around us and the people within it.
Community
We are passionate about supporting the local communities we operate in, which is why our depots and support staff actively seek ways to give something back. Whether it is running half marathons or sponsoring local Scout groups, discover the many ways we help good causes.
Products
With around 80 kitchen ranges, our exclusive Lamona appliance brand, and thousands of products across joinery and hardware, learn why our builders have come to trust the range and quality of the products we offer.
People and Careers
The Sunday Times named Howdens as one of the top 25 big companies to work for. Discover why Howdens is a great place to work, how we develop our people and reward them, whilst building a culture with an entrepreneurial spirit.
Financial Results
Download copies of the latest financial results for Howdens both past and present including the associated presentations and Interim Management Statements released between results announcements.
Governance
Howdens is a responsible business which was founded on the tenet that the Company should be worthwhile for all concerned, with a commitment to the people within its reach and the wider world. Here we provide the links to the framework that informs our decisions and outcomes.