Trading Update

02 May 2018

Howden Joinery Group Plc today announces a trading update for the first four periods of 2018 (16 weeks to 21 April 2018).


Howden Joinery UK increased revenue by 14.8% overall and by 13.3% on a same depot basis compared to the equivalent periods last year. Our sales growth has been driven primarily by an increase in volumes, an extra week of trading in 2018 compared to 2017 and benefitted from a weak comparative.

The 53rd week in the 2017 financial year impacted the year-on-year pattern of trading and there was an extra week of trading in the first period of 2018. Excluding the first two weeks of Period 1, Howden Joinery UK revenue in 2018 increased by 10.0% overall and by 8.6% on a same depot basis.

Looking forward, we are on track with our plans for the year as a whole and note the tougher comparatives from the prior year as the year progresses. We remain watchful of market conditions.

While we did not increase prices at the start of the year, we did implement an increase at the start of April.

Business developments

Howden Joinery trades from 664 depots in the UK, with 3 new depots opened so far this year. We plan to open up to around 30 new depots in the UK during 2018. We are on track to refresh our product offering and expect to bring 19 new ranges to market during 2018.

The Group has acquired 4.8m shares in the year to date for a consideration of £22.8m.

Next scheduled announcement

The Group will release its 2018 Half Year Report on 26 July 2018.




Paul Sharma
Head of Investor Relations + 44 (0) 20 7535 1164/+44 (0) 7585 992943


Citigate Dewe Rogerson
Simon Rigby + 44 (0) 20 7282 2847/Kevin Smith +44 (0) 20 7282 1054


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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.


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.


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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.

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