Howden Joinery Group PLC Trading Statement (9660W)
April 29 2021 - 2:00AM
UK Regulatory
TIDMHWDN
RNS Number : 9660W
Howden Joinery Group PLC
29 April 2021
29 April 2021
Howden Joinery Group plc
TRADING UPDATE
Howden Joinery Group Plc ("Howdens" or "the Group"), the UK's
largest kitchen supplier, today announces a trading update for the
first four periods of 2021 (16 weeks to 17 April 2021).
Trading
Howden Joinery UK increased revenue by 47.1% overall and by
46.1% on a same depot basis(1) , compared to the equivalent periods
last year which were impacted in Period 4 by COVID-19 lockdown
measures. Sales growth was driven by increases in prices and volume
growth.
Compared to 2019, Howden Joinery UK increased revenue by 13.1%
overall and by 8.9% on a same depot basis(1) .
On a local currency basis, depot revenue in Continental Europe
increased by 108.0% and by 105.9% on a same depot basis(1) ,
compared to the equivalent periods last year. Compared to 2019,
revenue increased by 37.6% overall and by 19.7% on a same depot
basis(1) .
The Board remains confident that the Group is on track with its
plans for the year.
Business developments
Howden Joinery trades from 751 depots in the UK and 30 depots in
Continental Europe; three new UK depots have been opened so far
this year and seven older UK depots have been refurbished. We plan
to open around 35 new depots in the UK and 11 in France during
2021, in addition to refurbishing around 40 older UK depots.
Next scheduled announcement
The Group will release its 2021 Half Year Report on 22 July
2021.
(1) Same depot basis for any year excludes depots opened in that
year and the prior year.
Enquiries
Guy Stainer
Head of Investor Relations + 44 (0) 20 7535 1164 / +44 (0) 7739
778187
Citigate Dewe Rogerson
Kevin Smith +44 (0)7710 815924, Ellen Wilton +44 (0)7921 352
851
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 approximately 750 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 30 depots in France and Belgium.
For details and more information, please see:
www.howdenjoinerygroupplc.com .
Cautionary statement:
Certain statements in this announcement are forward-looking.
Although the Group believes that the expectations reflected in
these forward-looking statements are reasonable, we can give no
assurance that these expectations will prove to have been correct.
Because these statements contain risks and uncertainties, actual
results may differ materially from those expressed or implied by
these forward-looking statements. We undertake no obligation to
update any forward-looking statements whether as a result of new
information, future events or otherwise.
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END
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