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Trading Update

22 November 2007

The trading and development of Galiform has continued on track, with the improved sales performance of Howden Joinery evident in the summer continuing throughout the autumn. The performance across the Group reflects the benefit of the refocusing of effort that has been achieved following the disposal of MFI last year.

Howden Joinery

At the time of the announcement of our 2007 Interim Results (6th September), we reported that there had been an upturn in trading over the summer. Although the wet weather may have had some positive impact in July and August, as our primary customer - the small local builder - chose to work indoors, good trading has continued throughout the autumn, and in particular, the important October trading period, when sales are typically more than double the level seen in other periods.

Total sales for the first eleven periods of the year, to 3 November, were 13.9%* higher than last year, 9.3%* up on a same depot basis. The Howden Joinery gross margin for the year to date remained in line with that seen in 2006 as a whole.

The increase in sales reflects the benefit of improvements to the product range sold, both in terms of the scope of the kitchens offered, and new products introduced to meet the ever-higher aspirations of all end-consumers, such as 'range' cookers. This has led to both increased volume and additional 'add-on' sales, increasing the average value of kitchen sales.

Also reflected in this performance, and of particular importance in our key October trading period, were the improvements that have been made in the supply chain over the last year or so. As well as contributing to the development of the product range, these also meant that confidence about product availability has risen, enabling depot staff to set ambitious targets for the period and more aggressively pursue sales opportunities.

The business is now trading from 426 depots. With 10 depots currently being fitted out, it is expected that 54 depots will open in 2007, bringing the total to 436 by the end of the year.

Supply

Arrangements for the termination of product supply and logistics services to MFI are proceeding to plan, with final deliveries scheduled for just over four weeks time, on 21 December. The restructuring of Supply is progressing to plan and a full update on the restructuring will be provided in the 2007 Preliminary Results, to be announced on 6 March 2008.

Outlook

Financial performance for the year is expected to be in line with management's previous expectations.

* Note The inclusion of a 53rd week in 2006 means that the business traded for all of the year-to-date in 2007, whereas in 2006 the depots were closed for the first week, which covered the Christmas shutdown. These figures have been calculated by comparing the first eleven periods in 2007 with the same calendar period in 2006.

Enquiries:

Investors/analysts:

Gary Rawlinson +44 (0)207 535 1127
Head of Investor Relations +44 (0)7989 397527

Media:

Brunswick
Susan Gilchrist/Fiona Laffan/Nebat Suker +44 (0)207 404 5959

Trading Update

22 November 2007

The trading and development of Galiform has continued on track, with the improved sales performance of Howden Joinery evident in the summer continuing throughout the autumn. The performance across the Group reflects the benefit of the refocusing of effort that has been achieved following the disposal of MFI last year.

Howden Joinery

At the time of the announcement of our 2007 Interim Results (6th September), we reported that there had been an upturn in trading over the summer. Although the wet weather may have had some positive impact in July and August, as our primary customer - the small local builder - chose to work indoors, good trading has continued throughout the autumn, and in particular, the important October trading period, when sales are typically more than double the level seen in other periods.

Total sales for the first eleven periods of the year, to 3 November, were 13.9%* higher than last year, 9.3%* up on a same depot basis. The Howden Joinery gross margin for the year to date remained in line with that seen in 2006 as a whole.

The increase in sales reflects the benefit of improvements to the product range sold, both in terms of the scope of the kitchens offered, and new products introduced to meet the ever-higher aspirations of all end-consumers, such as 'range' cookers. This has led to both increased volume and additional 'add-on' sales, increasing the average value of kitchen sales.

Also reflected in this performance, and of particular importance in our key October trading period, were the improvements that have been made in the supply chain over the last year or so. As well as contributing to the development of the product range, these also meant that confidence about product availability has risen, enabling depot staff to set ambitious targets for the period and more aggressively pursue sales opportunities.

The business is now trading from 426 depots. With 10 depots currently being fitted out, it is expected that 54 depots will open in 2007, bringing the total to 436 by the end of the year.

Supply

Arrangements for the termination of product supply and logistics services to MFI are proceeding to plan, with final deliveries scheduled for just over four weeks time, on 21 December. The restructuring of Supply is progressing to plan and a full update on the restructuring will be provided in the 2007 Preliminary Results, to be announced on 6 March 2008.

Outlook

Financial performance for the year is expected to be in line with management's previous expectations.

* Note The inclusion of a 53rd week in 2006 means that the business traded for all of the year-to-date in 2007, whereas in 2006 the depots were closed for the first week, which covered the Christmas shutdown. These figures have been calculated by comparing the first eleven periods in 2007 with the same calendar period in 2006.

Enquiries:

Investors/analysts:

Gary Rawlinson +44 (0)207 535 1127
Head of Investor Relations +44 (0)7989 397527

Media:

Brunswick
Susan Gilchrist/Fiona Laffan/Nebat Suker +44 (0)207 404 5959

Trading Update

22 November 2007

The trading and development of Galiform has continued on track, with the improved sales performance of Howden Joinery evident in the summer continuing throughout the autumn. The performance across the Group reflects the benefit of the refocusing of effort that has been achieved following the disposal of MFI last year.

Howden Joinery

At the time of the announcement of our 2007 Interim Results (6th September), we reported that there had been an upturn in trading over the summer. Although the wet weather may have had some positive impact in July and August, as our primary customer - the small local builder - chose to work indoors, good trading has continued throughout the autumn, and in particular, the important October trading period, when sales are typically more than double the level seen in other periods.

Total sales for the first eleven periods of the year, to 3 November, were 13.9%* higher than last year, 9.3%* up on a same depot basis. The Howden Joinery gross margin for the year to date remained in line with that seen in 2006 as a whole.

The increase in sales reflects the benefit of improvements to the product range sold, both in terms of the scope of the kitchens offered, and new products introduced to meet the ever-higher aspirations of all end-consumers, such as 'range' cookers. This has led to both increased volume and additional 'add-on' sales, increasing the average value of kitchen sales.

Also reflected in this performance, and of particular importance in our key October trading period, were the improvements that have been made in the supply chain over the last year or so. As well as contributing to the development of the product range, these also meant that confidence about product availability has risen, enabling depot staff to set ambitious targets for the period and more aggressively pursue sales opportunities.

The business is now trading from 426 depots. With 10 depots currently being fitted out, it is expected that 54 depots will open in 2007, bringing the total to 436 by the end of the year.

Supply

Arrangements for the termination of product supply and logistics services to MFI are proceeding to plan, with final deliveries scheduled for just over four weeks time, on 21 December. The restructuring of Supply is progressing to plan and a full update on the restructuring will be provided in the 2007 Preliminary Results, to be announced on 6 March 2008.

Outlook

Financial performance for the year is expected to be in line with management's previous expectations.

* Note The inclusion of a 53rd week in 2006 means that the business traded for all of the year-to-date in 2007, whereas in 2006 the depots were closed for the first week, which covered the Christmas shutdown. These figures have been calculated by comparing the first eleven periods in 2007 with the same calendar period in 2006.

Enquiries:

Investors/analysts:

Gary Rawlinson +44 (0)207 535 1127
Head of Investor Relations +44 (0)7989 397527

Media:

Brunswick
Susan Gilchrist/Fiona Laffan/Nebat Suker +44 (0)207 404 5959

Trading Update

22 November 2007

The trading and development of Galiform has continued on track, with the improved sales performance of Howden Joinery evident in the summer continuing throughout the autumn. The performance across the Group reflects the benefit of the refocusing of effort that has been achieved following the disposal of MFI last year.

Howden Joinery

At the time of the announcement of our 2007 Interim Results (6th September), we reported that there had been an upturn in trading over the summer. Although the wet weather may have had some positive impact in July and August, as our primary customer - the small local builder - chose to work indoors, good trading has continued throughout the autumn, and in particular, the important October trading period, when sales are typically more than double the level seen in other periods.

Total sales for the first eleven periods of the year, to 3 November, were 13.9%* higher than last year, 9.3%* up on a same depot basis. The Howden Joinery gross margin for the year to date remained in line with that seen in 2006 as a whole.

The increase in sales reflects the benefit of improvements to the product range sold, both in terms of the scope of the kitchens offered, and new products introduced to meet the ever-higher aspirations of all end-consumers, such as 'range' cookers. This has led to both increased volume and additional 'add-on' sales, increasing the average value of kitchen sales.

Also reflected in this performance, and of particular importance in our key October trading period, were the improvements that have been made in the supply chain over the last year or so. As well as contributing to the development of the product range, these also meant that confidence about product availability has risen, enabling depot staff to set ambitious targets for the period and more aggressively pursue sales opportunities.

The business is now trading from 426 depots. With 10 depots currently being fitted out, it is expected that 54 depots will open in 2007, bringing the total to 436 by the end of the year.

Supply

Arrangements for the termination of product supply and logistics services to MFI are proceeding to plan, with final deliveries scheduled for just over four weeks time, on 21 December. The restructuring of Supply is progressing to plan and a full update on the restructuring will be provided in the 2007 Preliminary Results, to be announced on 6 March 2008.

Outlook

Financial performance for the year is expected to be in line with management's previous expectations.

* Note The inclusion of a 53rd week in 2006 means that the business traded for all of the year-to-date in 2007, whereas in 2006 the depots were closed for the first week, which covered the Christmas shutdown. These figures have been calculated by comparing the first eleven periods in 2007 with the same calendar period in 2006.

Enquiries:

Investors/analysts:

Gary Rawlinson +44 (0)207 535 1127
Head of Investor Relations +44 (0)7989 397527

Media:

Brunswick
Susan Gilchrist/Fiona Laffan/Nebat Suker +44 (0)207 404 5959

Trading Update

22 November 2007

The trading and development of Galiform has continued on track, with the improved sales performance of Howden Joinery evident in the summer continuing throughout the autumn. The performance across the Group reflects the benefit of the refocusing of effort that has been achieved following the disposal of MFI last year.

Howden Joinery

At the time of the announcement of our 2007 Interim Results (6th September), we reported that there had been an upturn in trading over the summer. Although the wet weather may have had some positive impact in July and August, as our primary customer - the small local builder - chose to work indoors, good trading has continued throughout the autumn, and in particular, the important October trading period, when sales are typically more than double the level seen in other periods.

Total sales for the first eleven periods of the year, to 3 November, were 13.9%* higher than last year, 9.3%* up on a same depot basis. The Howden Joinery gross margin for the year to date remained in line with that seen in 2006 as a whole.

The increase in sales reflects the benefit of improvements to the product range sold, both in terms of the scope of the kitchens offered, and new products introduced to meet the ever-higher aspirations of all end-consumers, such as 'range' cookers. This has led to both increased volume and additional 'add-on' sales, increasing the average value of kitchen sales.

Also reflected in this performance, and of particular importance in our key October trading period, were the improvements that have been made in the supply chain over the last year or so. As well as contributing to the development of the product range, these also meant that confidence about product availability has risen, enabling depot staff to set ambitious targets for the period and more aggressively pursue sales opportunities.

The business is now trading from 426 depots. With 10 depots currently being fitted out, it is expected that 54 depots will open in 2007, bringing the total to 436 by the end of the year.

Supply

Arrangements for the termination of product supply and logistics services to MFI are proceeding to plan, with final deliveries scheduled for just over four weeks time, on 21 December. The restructuring of Supply is progressing to plan and a full update on the restructuring will be provided in the 2007 Preliminary Results, to be announced on 6 March 2008.

Outlook

Financial performance for the year is expected to be in line with management's previous expectations.

* Note The inclusion of a 53rd week in 2006 means that the business traded for all of the year-to-date in 2007, whereas in 2006 the depots were closed for the first week, which covered the Christmas shutdown. These figures have been calculated by comparing the first eleven periods in 2007 with the same calendar period in 2006.

Enquiries:

Investors/analysts:

Gary Rawlinson +44 (0)207 535 1127
Head of Investor Relations +44 (0)7989 397527

Media:

Brunswick
Susan Gilchrist/Fiona Laffan/Nebat Suker +44 (0)207 404 5959

Trading Update

22 November 2007

The trading and development of Galiform has continued on track, with the improved sales performance of Howden Joinery evident in the summer continuing throughout the autumn. The performance across the Group reflects the benefit of the refocusing of effort that has been achieved following the disposal of MFI last year.

Howden Joinery

At the time of the announcement of our 2007 Interim Results (6th September), we reported that there had been an upturn in trading over the summer. Although the wet weather may have had some positive impact in July and August, as our primary customer - the small local builder - chose to work indoors, good trading has continued throughout the autumn, and in particular, the important October trading period, when sales are typically more than double the level seen in other periods.

Total sales for the first eleven periods of the year, to 3 November, were 13.9%* higher than last year, 9.3%* up on a same depot basis. The Howden Joinery gross margin for the year to date remained in line with that seen in 2006 as a whole.

The increase in sales reflects the benefit of improvements to the product range sold, both in terms of the scope of the kitchens offered, and new products introduced to meet the ever-higher aspirations of all end-consumers, such as 'range' cookers. This has led to both increased volume and additional 'add-on' sales, increasing the average value of kitchen sales.

Also reflected in this performance, and of particular importance in our key October trading period, were the improvements that have been made in the supply chain over the last year or so. As well as contributing to the development of the product range, these also meant that confidence about product availability has risen, enabling depot staff to set ambitious targets for the period and more aggressively pursue sales opportunities.

The business is now trading from 426 depots. With 10 depots currently being fitted out, it is expected that 54 depots will open in 2007, bringing the total to 436 by the end of the year.

Supply

Arrangements for the termination of product supply and logistics services to MFI are proceeding to plan, with final deliveries scheduled for just over four weeks time, on 21 December. The restructuring of Supply is progressing to plan and a full update on the restructuring will be provided in the 2007 Preliminary Results, to be announced on 6 March 2008.

Outlook

Financial performance for the year is expected to be in line with management's previous expectations.

* Note The inclusion of a 53rd week in 2006 means that the business traded for all of the year-to-date in 2007, whereas in 2006 the depots were closed for the first week, which covered the Christmas shutdown. These figures have been calculated by comparing the first eleven periods in 2007 with the same calendar period in 2006.

Enquiries:

Investors/analysts:

Gary Rawlinson +44 (0)207 535 1127
Head of Investor Relations +44 (0)7989 397527

Media:

Brunswick
Susan Gilchrist/Fiona Laffan/Nebat Suker +44 (0)207 404 5959

Trading Update

22 November 2007

The trading and development of Galiform has continued on track, with the improved sales performance of Howden Joinery evident in the summer continuing throughout the autumn. The performance across the Group reflects the benefit of the refocusing of effort that has been achieved following the disposal of MFI last year.

Howden Joinery

At the time of the announcement of our 2007 Interim Results (6th September), we reported that there had been an upturn in trading over the summer. Although the wet weather may have had some positive impact in July and August, as our primary customer - the small local builder - chose to work indoors, good trading has continued throughout the autumn, and in particular, the important October trading period, when sales are typically more than double the level seen in other periods.

Total sales for the first eleven periods of the year, to 3 November, were 13.9%* higher than last year, 9.3%* up on a same depot basis. The Howden Joinery gross margin for the year to date remained in line with that seen in 2006 as a whole.

The increase in sales reflects the benefit of improvements to the product range sold, both in terms of the scope of the kitchens offered, and new products introduced to meet the ever-higher aspirations of all end-consumers, such as 'range' cookers. This has led to both increased volume and additional 'add-on' sales, increasing the average value of kitchen sales.

Also reflected in this performance, and of particular importance in our key October trading period, were the improvements that have been made in the supply chain over the last year or so. As well as contributing to the development of the product range, these also meant that confidence about product availability has risen, enabling depot staff to set ambitious targets for the period and more aggressively pursue sales opportunities.

The business is now trading from 426 depots. With 10 depots currently being fitted out, it is expected that 54 depots will open in 2007, bringing the total to 436 by the end of the year.

Supply

Arrangements for the termination of product supply and logistics services to MFI are proceeding to plan, with final deliveries scheduled for just over four weeks time, on 21 December. The restructuring of Supply is progressing to plan and a full update on the restructuring will be provided in the 2007 Preliminary Results, to be announced on 6 March 2008.

Outlook

Financial performance for the year is expected to be in line with management's previous expectations.

* Note The inclusion of a 53rd week in 2006 means that the business traded for all of the year-to-date in 2007, whereas in 2006 the depots were closed for the first week, which covered the Christmas shutdown. These figures have been calculated by comparing the first eleven periods in 2007 with the same calendar period in 2006.

Enquiries:

Investors/analysts:

Gary Rawlinson +44 (0)207 535 1127
Head of Investor Relations +44 (0)7989 397527

Media:

Brunswick
Susan Gilchrist/Fiona Laffan/Nebat Suker +44 (0)207 404 5959

Trading Update

22 November 2007

The trading and development of Galiform has continued on track, with the improved sales performance of Howden Joinery evident in the summer continuing throughout the autumn. The performance across the Group reflects the benefit of the refocusing of effort that has been achieved following the disposal of MFI last year.

Howden Joinery

At the time of the announcement of our 2007 Interim Results (6th September), we reported that there had been an upturn in trading over the summer. Although the wet weather may have had some positive impact in July and August, as our primary customer - the small local builder - chose to work indoors, good trading has continued throughout the autumn, and in particular, the important October trading period, when sales are typically more than double the level seen in other periods.

Total sales for the first eleven periods of the year, to 3 November, were 13.9%* higher than last year, 9.3%* up on a same depot basis. The Howden Joinery gross margin for the year to date remained in line with that seen in 2006 as a whole.

The increase in sales reflects the benefit of improvements to the product range sold, both in terms of the scope of the kitchens offered, and new products introduced to meet the ever-higher aspirations of all end-consumers, such as 'range' cookers. This has led to both increased volume and additional 'add-on' sales, increasing the average value of kitchen sales.

Also reflected in this performance, and of particular importance in our key October trading period, were the improvements that have been made in the supply chain over the last year or so. As well as contributing to the development of the product range, these also meant that confidence about product availability has risen, enabling depot staff to set ambitious targets for the period and more aggressively pursue sales opportunities.

The business is now trading from 426 depots. With 10 depots currently being fitted out, it is expected that 54 depots will open in 2007, bringing the total to 436 by the end of the year.

Supply

Arrangements for the termination of product supply and logistics services to MFI are proceeding to plan, with final deliveries scheduled for just over four weeks time, on 21 December. The restructuring of Supply is progressing to plan and a full update on the restructuring will be provided in the 2007 Preliminary Results, to be announced on 6 March 2008.

Outlook

Financial performance for the year is expected to be in line with management's previous expectations.

* Note The inclusion of a 53rd week in 2006 means that the business traded for all of the year-to-date in 2007, whereas in 2006 the depots were closed for the first week, which covered the Christmas shutdown. These figures have been calculated by comparing the first eleven periods in 2007 with the same calendar period in 2006.

Enquiries:

Investors/analysts:

Gary Rawlinson +44 (0)207 535 1127
Head of Investor Relations +44 (0)7989 397527

Media:

Brunswick
Susan Gilchrist/Fiona Laffan/Nebat Suker +44 (0)207 404 5959

Trading Update

22 November 2007

The trading and development of Galiform has continued on track, with the improved sales performance of Howden Joinery evident in the summer continuing throughout the autumn. The performance across the Group reflects the benefit of the refocusing of effort that has been achieved following the disposal of MFI last year.

Howden Joinery

At the time of the announcement of our 2007 Interim Results (6th September), we reported that there had been an upturn in trading over the summer. Although the wet weather may have had some positive impact in July and August, as our primary customer - the small local builder - chose to work indoors, good trading has continued throughout the autumn, and in particular, the important October trading period, when sales are typically more than double the level seen in other periods.

Total sales for the first eleven periods of the year, to 3 November, were 13.9%* higher than last year, 9.3%* up on a same depot basis. The Howden Joinery gross margin for the year to date remained in line with that seen in 2006 as a whole.

The increase in sales reflects the benefit of improvements to the product range sold, both in terms of the scope of the kitchens offered, and new products introduced to meet the ever-higher aspirations of all end-consumers, such as 'range' cookers. This has led to both increased volume and additional 'add-on' sales, increasing the average value of kitchen sales.

Also reflected in this performance, and of particular importance in our key October trading period, were the improvements that have been made in the supply chain over the last year or so. As well as contributing to the development of the product range, these also meant that confidence about product availability has risen, enabling depot staff to set ambitious targets for the period and more aggressively pursue sales opportunities.

The business is now trading from 426 depots. With 10 depots currently being fitted out, it is expected that 54 depots will open in 2007, bringing the total to 436 by the end of the year.

Supply

Arrangements for the termination of product supply and logistics services to MFI are proceeding to plan, with final deliveries scheduled for just over four weeks time, on 21 December. The restructuring of Supply is progressing to plan and a full update on the restructuring will be provided in the 2007 Preliminary Results, to be announced on 6 March 2008.

Outlook

Financial performance for the year is expected to be in line with management's previous expectations.

* Note The inclusion of a 53rd week in 2006 means that the business traded for all of the year-to-date in 2007, whereas in 2006 the depots were closed for the first week, which covered the Christmas shutdown. These figures have been calculated by comparing the first eleven periods in 2007 with the same calendar period in 2006.

Enquiries:

Investors/analysts:

Gary Rawlinson +44 (0)207 535 1127
Head of Investor Relations +44 (0)7989 397527

Media:

Brunswick
Susan Gilchrist/Fiona Laffan/Nebat Suker +44 (0)207 404 5959

Trading Update

22 November 2007

The trading and development of Galiform has continued on track, with the improved sales performance of Howden Joinery evident in the summer continuing throughout the autumn. The performance across the Group reflects the benefit of the refocusing of effort that has been achieved following the disposal of MFI last year.

Howden Joinery

At the time of the announcement of our 2007 Interim Results (6th September), we reported that there had been an upturn in trading over the summer. Although the wet weather may have had some positive impact in July and August, as our primary customer - the small local builder - chose to work indoors, good trading has continued throughout the autumn, and in particular, the important October trading period, when sales are typically more than double the level seen in other periods.

Total sales for the first eleven periods of the year, to 3 November, were 13.9%* higher than last year, 9.3%* up on a same depot basis. The Howden Joinery gross margin for the year to date remained in line with that seen in 2006 as a whole.

The increase in sales reflects the benefit of improvements to the product range sold, both in terms of the scope of the kitchens offered, and new products introduced to meet the ever-higher aspirations of all end-consumers, such as 'range' cookers. This has led to both increased volume and additional 'add-on' sales, increasing the average value of kitchen sales.

Also reflected in this performance, and of particular importance in our key October trading period, were the improvements that have been made in the supply chain over the last year or so. As well as contributing to the development of the product range, these also meant that confidence about product availability has risen, enabling depot staff to set ambitious targets for the period and more aggressively pursue sales opportunities.

The business is now trading from 426 depots. With 10 depots currently being fitted out, it is expected that 54 depots will open in 2007, bringing the total to 436 by the end of the year.

Supply

Arrangements for the termination of product supply and logistics services to MFI are proceeding to plan, with final deliveries scheduled for just over four weeks time, on 21 December. The restructuring of Supply is progressing to plan and a full update on the restructuring will be provided in the 2007 Preliminary Results, to be announced on 6 March 2008.

Outlook

Financial performance for the year is expected to be in line with management's previous expectations.

* Note The inclusion of a 53rd week in 2006 means that the business traded for all of the year-to-date in 2007, whereas in 2006 the depots were closed for the first week, which covered the Christmas shutdown. These figures have been calculated by comparing the first eleven periods in 2007 with the same calendar period in 2006.

Enquiries:

Investors/analysts:

Gary Rawlinson +44 (0)207 535 1127
Head of Investor Relations +44 (0)7989 397527

Media:

Brunswick
Susan Gilchrist/Fiona Laffan/Nebat Suker +44 (0)207 404 5959

Trading Update

22 November 2007

The trading and development of Galiform has continued on track, with the improved sales performance of Howden Joinery evident in the summer continuing throughout the autumn. The performance across the Group reflects the benefit of the refocusing of effort that has been achieved following the disposal of MFI last year.

Howden Joinery

At the time of the announcement of our 2007 Interim Results (6th September), we reported that there had been an upturn in trading over the summer. Although the wet weather may have had some positive impact in July and August, as our primary customer - the small local builder - chose to work indoors, good trading has continued throughout the autumn, and in particular, the important October trading period, when sales are typically more than double the level seen in other periods.

Total sales for the first eleven periods of the year, to 3 November, were 13.9%* higher than last year, 9.3%* up on a same depot basis. The Howden Joinery gross margin for the year to date remained in line with that seen in 2006 as a whole.

The increase in sales reflects the benefit of improvements to the product range sold, both in terms of the scope of the kitchens offered, and new products introduced to meet the ever-higher aspirations of all end-consumers, such as 'range' cookers. This has led to both increased volume and additional 'add-on' sales, increasing the average value of kitchen sales.

Also reflected in this performance, and of particular importance in our key October trading period, were the improvements that have been made in the supply chain over the last year or so. As well as contributing to the development of the product range, these also meant that confidence about product availability has risen, enabling depot staff to set ambitious targets for the period and more aggressively pursue sales opportunities.

The business is now trading from 426 depots. With 10 depots currently being fitted out, it is expected that 54 depots will open in 2007, bringing the total to 436 by the end of the year.

Supply

Arrangements for the termination of product supply and logistics services to MFI are proceeding to plan, with final deliveries scheduled for just over four weeks time, on 21 December. The restructuring of Supply is progressing to plan and a full update on the restructuring will be provided in the 2007 Preliminary Results, to be announced on 6 March 2008.

Outlook

Financial performance for the year is expected to be in line with management's previous expectations.

* Note The inclusion of a 53rd week in 2006 means that the business traded for all of the year-to-date in 2007, whereas in 2006 the depots were closed for the first week, which covered the Christmas shutdown. These figures have been calculated by comparing the first eleven periods in 2007 with the same calendar period in 2006.

Enquiries:

Investors/analysts:

Gary Rawlinson +44 (0)207 535 1127
Head of Investor Relations +44 (0)7989 397527

Media:

Brunswick
Susan Gilchrist/Fiona Laffan/Nebat Suker +44 (0)207 404 5959

Trading Update

22 November 2007

The trading and development of Galiform has continued on track, with the improved sales performance of Howden Joinery evident in the summer continuing throughout the autumn. The performance across the Group reflects the benefit of the refocusing of effort that has been achieved following the disposal of MFI last year.

Howden Joinery

At the time of the announcement of our 2007 Interim Results (6th September), we reported that there had been an upturn in trading over the summer. Although the wet weather may have had some positive impact in July and August, as our primary customer - the small local builder - chose to work indoors, good trading has continued throughout the autumn, and in particular, the important October trading period, when sales are typically more than double the level seen in other periods.

Total sales for the first eleven periods of the year, to 3 November, were 13.9%* higher than last year, 9.3%* up on a same depot basis. The Howden Joinery gross margin for the year to date remained in line with that seen in 2006 as a whole.

The increase in sales reflects the benefit of improvements to the product range sold, both in terms of the scope of the kitchens offered, and new products introduced to meet the ever-higher aspirations of all end-consumers, such as 'range' cookers. This has led to both increased volume and additional 'add-on' sales, increasing the average value of kitchen sales.

Also reflected in this performance, and of particular importance in our key October trading period, were the improvements that have been made in the supply chain over the last year or so. As well as contributing to the development of the product range, these also meant that confidence about product availability has risen, enabling depot staff to set ambitious targets for the period and more aggressively pursue sales opportunities.

The business is now trading from 426 depots. With 10 depots currently being fitted out, it is expected that 54 depots will open in 2007, bringing the total to 436 by the end of the year.

Supply

Arrangements for the termination of product supply and logistics services to MFI are proceeding to plan, with final deliveries scheduled for just over four weeks time, on 21 December. The restructuring of Supply is progressing to plan and a full update on the restructuring will be provided in the 2007 Preliminary Results, to be announced on 6 March 2008.

Outlook

Financial performance for the year is expected to be in line with management's previous expectations.

* Note The inclusion of a 53rd week in 2006 means that the business traded for all of the year-to-date in 2007, whereas in 2006 the depots were closed for the first week, which covered the Christmas shutdown. These figures have been calculated by comparing the first eleven periods in 2007 with the same calendar period in 2006.

Enquiries:

Investors/analysts:

Gary Rawlinson +44 (0)207 535 1127
Head of Investor Relations +44 (0)7989 397527

Media:

Brunswick
Susan Gilchrist/Fiona Laffan/Nebat Suker +44 (0)207 404 5959

Trading Update

22 November 2007

The trading and development of Galiform has continued on track, with the improved sales performance of Howden Joinery evident in the summer continuing throughout the autumn. The performance across the Group reflects the benefit of the refocusing of effort that has been achieved following the disposal of MFI last year.

Howden Joinery

At the time of the announcement of our 2007 Interim Results (6th September), we reported that there had been an upturn in trading over the summer. Although the wet weather may have had some positive impact in July and August, as our primary customer - the small local builder - chose to work indoors, good trading has continued throughout the autumn, and in particular, the important October trading period, when sales are typically more than double the level seen in other periods.

Total sales for the first eleven periods of the year, to 3 November, were 13.9%* higher than last year, 9.3%* up on a same depot basis. The Howden Joinery gross margin for the year to date remained in line with that seen in 2006 as a whole.

The increase in sales reflects the benefit of improvements to the product range sold, both in terms of the scope of the kitchens offered, and new products introduced to meet the ever-higher aspirations of all end-consumers, such as 'range' cookers. This has led to both increased volume and additional 'add-on' sales, increasing the average value of kitchen sales.

Also reflected in this performance, and of particular importance in our key October trading period, were the improvements that have been made in the supply chain over the last year or so. As well as contributing to the development of the product range, these also meant that confidence about product availability has risen, enabling depot staff to set ambitious targets for the period and more aggressively pursue sales opportunities.

The business is now trading from 426 depots. With 10 depots currently being fitted out, it is expected that 54 depots will open in 2007, bringing the total to 436 by the end of the year.

Supply

Arrangements for the termination of product supply and logistics services to MFI are proceeding to plan, with final deliveries scheduled for just over four weeks time, on 21 December. The restructuring of Supply is progressing to plan and a full update on the restructuring will be provided in the 2007 Preliminary Results, to be announced on 6 March 2008.

Outlook

Financial performance for the year is expected to be in line with management's previous expectations.

* Note The inclusion of a 53rd week in 2006 means that the business traded for all of the year-to-date in 2007, whereas in 2006 the depots were closed for the first week, which covered the Christmas shutdown. These figures have been calculated by comparing the first eleven periods in 2007 with the same calendar period in 2006.

Enquiries:

Investors/analysts:

Gary Rawlinson +44 (0)207 535 1127
Head of Investor Relations +44 (0)7989 397527

Media:

Brunswick
Susan Gilchrist/Fiona Laffan/Nebat Suker +44 (0)207 404 5959

Trading Update

22 November 2007

The trading and development of Galiform has continued on track, with the improved sales performance of Howden Joinery evident in the summer continuing throughout the autumn. The performance across the Group reflects the benefit of the refocusing of effort that has been achieved following the disposal of MFI last year.

Howden Joinery

At the time of the announcement of our 2007 Interim Results (6th September), we reported that there had been an upturn in trading over the summer. Although the wet weather may have had some positive impact in July and August, as our primary customer - the small local builder - chose to work indoors, good trading has continued throughout the autumn, and in particular, the important October trading period, when sales are typically more than double the level seen in other periods.

Total sales for the first eleven periods of the year, to 3 November, were 13.9%* higher than last year, 9.3%* up on a same depot basis. The Howden Joinery gross margin for the year to date remained in line with that seen in 2006 as a whole.

The increase in sales reflects the benefit of improvements to the product range sold, both in terms of the scope of the kitchens offered, and new products introduced to meet the ever-higher aspirations of all end-consumers, such as 'range' cookers. This has led to both increased volume and additional 'add-on' sales, increasing the average value of kitchen sales.

Also reflected in this performance, and of particular importance in our key October trading period, were the improvements that have been made in the supply chain over the last year or so. As well as contributing to the development of the product range, these also meant that confidence about product availability has risen, enabling depot staff to set ambitious targets for the period and more aggressively pursue sales opportunities.

The business is now trading from 426 depots. With 10 depots currently being fitted out, it is expected that 54 depots will open in 2007, bringing the total to 436 by the end of the year.

Supply

Arrangements for the termination of product supply and logistics services to MFI are proceeding to plan, with final deliveries scheduled for just over four weeks time, on 21 December. The restructuring of Supply is progressing to plan and a full update on the restructuring will be provided in the 2007 Preliminary Results, to be announced on 6 March 2008.

Outlook

Financial performance for the year is expected to be in line with management's previous expectations.

* Note The inclusion of a 53rd week in 2006 means that the business traded for all of the year-to-date in 2007, whereas in 2006 the depots were closed for the first week, which covered the Christmas shutdown. These figures have been calculated by comparing the first eleven periods in 2007 with the same calendar period in 2006.

Enquiries:

Investors/analysts:

Gary Rawlinson +44 (0)207 535 1127
Head of Investor Relations +44 (0)7989 397527

Media:

Brunswick
Susan Gilchrist/Fiona Laffan/Nebat Suker +44 (0)207 404 5959

Trading Update

22 November 2007

The trading and development of Galiform has continued on track, with the improved sales performance of Howden Joinery evident in the summer continuing throughout the autumn. The performance across the Group reflects the benefit of the refocusing of effort that has been achieved following the disposal of MFI last year.

Howden Joinery

At the time of the announcement of our 2007 Interim Results (6th September), we reported that there had been an upturn in trading over the summer. Although the wet weather may have had some positive impact in July and August, as our primary customer - the small local builder - chose to work indoors, good trading has continued throughout the autumn, and in particular, the important October trading period, when sales are typically more than double the level seen in other periods.

Total sales for the first eleven periods of the year, to 3 November, were 13.9%* higher than last year, 9.3%* up on a same depot basis. The Howden Joinery gross margin for the year to date remained in line with that seen in 2006 as a whole.

The increase in sales reflects the benefit of improvements to the product range sold, both in terms of the scope of the kitchens offered, and new products introduced to meet the ever-higher aspirations of all end-consumers, such as 'range' cookers. This has led to both increased volume and additional 'add-on' sales, increasing the average value of kitchen sales.

Also reflected in this performance, and of particular importance in our key October trading period, were the improvements that have been made in the supply chain over the last year or so. As well as contributing to the development of the product range, these also meant that confidence about product availability has risen, enabling depot staff to set ambitious targets for the period and more aggressively pursue sales opportunities.

The business is now trading from 426 depots. With 10 depots currently being fitted out, it is expected that 54 depots will open in 2007, bringing the total to 436 by the end of the year.

Supply

Arrangements for the termination of product supply and logistics services to MFI are proceeding to plan, with final deliveries scheduled for just over four weeks time, on 21 December. The restructuring of Supply is progressing to plan and a full update on the restructuring will be provided in the 2007 Preliminary Results, to be announced on 6 March 2008.

Outlook

Financial performance for the year is expected to be in line with management's previous expectations.

* Note The inclusion of a 53rd week in 2006 means that the business traded for all of the year-to-date in 2007, whereas in 2006 the depots were closed for the first week, which covered the Christmas shutdown. These figures have been calculated by comparing the first eleven periods in 2007 with the same calendar period in 2006.

Enquiries:

Investors/analysts:

Gary Rawlinson +44 (0)207 535 1127
Head of Investor Relations +44 (0)7989 397527

Media:

Brunswick
Susan Gilchrist/Fiona Laffan/Nebat Suker +44 (0)207 404 5959

HOWDENS Making space more valuable

culture & people

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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Our 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.
our history

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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In the 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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Our products

With more than 80 kitchen styles, an exclusive appliance brand, Lamona, 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.
business strategy

People & 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.