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Trading statements

Howden Joinery UK revenue up

27 April 2017 07:33

Howden Joinery UK revenue in the 16 weeks to 15 April increased by 3.9% overall and by 2.4% on a same depot basis compared to the equivalent period last year.

The group said that while currency movements and additional expected operating costs would impact its profitability during H1 2017, these had been partly offset by sales initiatives implemented since Q4 2016.

It said that as a result, its performance so far this year was in line with previous expectations.

It added: "We believe that current market conditions are stable, albeit we remain watchful.

"We are on track with our plans to open 30 new depots in the UK during 2017. Howden Joinery now trades from 650 depots in the UK, with 8 new depots opened so far this year."

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Related Company: HWDN

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