Howden Joinery Group PLC Trading Statement (9907H)
09 December 2020 - 6:00PM
UK Regulatory
TIDMHWDN
RNS Number : 9907H
Howden Joinery Group PLC
09 December 2020
9 December 2020
Howden Joinery Group Plc
('Howdens' or the 'Company')
TRADING UPDATE
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION
Howdens today announces an update to recent trading.
Recent trading
Since the Company's announcement on 2 November 2020, trading has
continued to be strong, with Howdens UK depots' total revenue for
Period 12 (1 November 2020 to 28 November 2020) increasing by 18.8%
and by 17.2% on a same depot basis. For the year to date (Periods 1
to 12), total UK revenue was 5.1% below that for 2019.
Full year profit
Guidance on gross margin is unchanged and the continued recent
strong trading performance means that the Company now expects
FY2020 profit before tax to be around 10% above the top end of
current analyst forecasts(*) .
Next scheduled announcement
The Group expects to release its 2020 Preliminary Results,
including an update on market conditions, on 25 February 2021.
*The range of analyst expectations for profit before tax for
2020 is believed to be GBP123m to GBP152m.
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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END
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