Howden Joinery Group Raises 2021 Profit Guidance

Howden Joinery Group has issued an update on 2021 half-year performance and outlook for 2021:

Howdens achieved a strong first half performance, ahead of our expectations with Group revenue of almost £785m (2020: £465.0m; 2019: £652.6m).

Howden Joinery UK depot revenue increased to approximately £764m which, compared to the first half of 2019, was an increase of 19.8% and by 15.3% on a same depot basis¹. Since the period end, this pattern of trade has continued and we remain cautiously optimistic in our outlook for the second half and our all-important peak trading period.

Whilst we are aware of the economic uncertainties that we face and the tough comparators from the second half of 2020, we remain confident in our business model for the future. Accordingly, we are currently expecting pre-tax profits of around £300m for 2021 as a whole. 

Howdens will publish its 2021 half year results on Thursday 22 July 2021.

Source : Howden Joinery

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