Howdens Raises Profit Expectations

Howdens has published an update to its 9th December 2020 announcement, advising that 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.

In the December update, Howdens advised that it expected profit to be around 10% higher than analyst expectations, which at the time were believed to be £123m to £152m.  The new forecast is therefore more than 10% higher than the upper end of the previous estimates.  

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

Source : Insight DIY Team

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