Trading Update

02 May 2019

Howden Joinery Group Plc ("Howdens" or "the Group") today announces a trading update for the first four periods of 2019 (16 weeks to 20 April 2019).

Trading

Howden Joinery UK increased revenue by 5.7% overall and by 3.9% on a same depot basis, compared to the equivalent periods last year. Sales growth was driven by an increase in prices in January, against the backdrop of strong volume comparators in 2018.

Looking forward, we are on track with our plans for the year as a whole although remain watchful of market conditions and the further impact that Brexit may have on the economy.

Business developments

Howden Joinery trades from 702 depots in the UK, with 8 new depots opened so far this year. We plan to open around 40 new depots in the UK during 2019, including 5 in Northern Ireland.

Share repurchase

The Group has acquired 4.8m shares in the year to date for a consideration of £24.0m.

Next scheduled announcement

The Group will release its 2019 Half Year Report on 25 July 2019.

 

Enquiries

Guy Stainer
Head of Investor Relations + 44 (0) 20 7535 1164 / +44 (0) 7739 778187

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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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