Howden Joinery Group PLC Trading Update (8108X)
May 02 2019 - 1:00AM
UK Regulatory
TIDMHWDN
RNS Number : 8108X
Howden Joinery Group PLC
02 May 2019
2 May 2019
Howden Joinery Group plc
TRADING UPDATE
Howden Joinery Group Plc ("Howdens" or "the Group") today
announces a trading update for the first four periods of 2019 (16
weeks to 20 April 2019).
Trading
Howden Joinery UK increased revenue by 5.7% overall and by 3.9%
on a same depot basis, compared to the equivalent periods last
year. Sales growth was driven by an increase in prices in January,
against the backdrop of strong volume comparators in 2018.
Looking forward, we are on track with our plans for the year as
a whole although remain watchful of market conditions and the
further impact that Brexit may have on the economy.
Business developments
Howden Joinery trades from 702 depots in the UK, with 8 new
depots opened so far this year. We plan to open around 40 new
depots in the UK during 2019, including 5 in Northern Ireland.
Share repurchase
The Group has acquired 4.8m shares in the year to date for a
consideration of GBP24.0m.
Next scheduled announcement
The Group will release its 2019 Half Year Report on 25 July
2019.
Enquiries
Guy Stainer
Head of Investor Relations + 44 (0) 20 7535 1164 / +44 (0) 7739
778187
Citigate Dewe Rogerson
Simon Rigby + 44 (0) 20 7282 2847 / Kevin Smith +44 (0) 20 7282
1054
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END
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