Trading Update

13 January 2021

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION

Howdens today announces an update to recent trading.

Recent trading

Since the Company’s announcement on 9 December 2020, trading has been stronger than anticipated with good profit and cash performance. As a result, the Company now expects FY2020 profit before tax to be around £185m.

Next scheduled announcement

The Group expects to release its 2020 Preliminary Results, including an update on market conditions, on 25 February 2021.

Enquiries

Investors/analysts:
Guy Stainer, Head of Investor Relations +44 (0) 7739 778187

 

Media:

Citigate Dewe Rogerson
Kevin Smith +44 (0) 20 3926 8509, Nick Hayns + 44 (0) 20 3926 8503

 

Note to editors:

Howden Joinery Group Plc is the parent company of Howden Joinery (Howdens). In the UK, Howdens is engaged in the sale of kitchens and joinery products to trade customers, primarily small local builders, through more than 730 depots. Around one-third of the products it sells are manufactured in the company’s own factories in Runcorn, Cheshire, and Howden, East Yorkshire. The business also operates a total of around 30 depots in France and Belgium.

For more information: www.howdenjoinerygroupplc.com


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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.

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 nearly 65 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.