Howdens has stated that it expects to outperform its competitors in 2026, as trading remains in line with expectations.
In the 24 weeks to 13 June, the joinery firm reported that its sales increased by 3.3% year-on-year to £1.03bn, with UK sales rising by 3.3% reflecting balanced pricing and volumes, and international sales increased by 13%, including the impact of foreign exchange translation.
Howdens’ underlying operating profit jumped by 5.5% to £128.1m in this period, and its underlying profit before tax grew by 4.3% to £122.2m, following a £9m investment into its strategic initiatives.
Across the period, the firm has achieved £19m in productivity and efficiency savings across its total cost base, as it also completed its acquisition of DIY Kitchens last month for £390m.
As part of its H1 update, Howden also announced that its current £100m share buyback scheme will be completed in the second half.
CEO at Howdens, Andrew Livingston, said: "Our first half performance demonstrates the strength and growth potential of our differentiated, in-stock, trade-only business model. Our underlying operating profit margin was ahead of last year as we maintained our industry-leading gross margin and remained disciplined on costs with ongoing investment in our strategic initiatives continuing to strengthen our competitive position."
In its outlook, Howdens said its trading to date has been in line with expectations, and it is well prepared for Autumn peak trading.
As a result, its full-year outlook remains unchanged, with its planning assumption remaining that the UK kitchen market will be level year-on-year.
Furthermore, Howdens stated that it has good supply chain visibility and robust contingency plans in place, should there be any further disruption in the Middle East.
Livingston concluded: "We are well prepared for our peak trading period in the Autumn, supported by our best-ever product line-up across kitchens and joinery. The combination of our highly engaged and well incentivised local depot teams, industry leading product ranges, consistently high stock availability and the skill of our trade customers at winning work, leaves us well positioned to continue to outperform in what remains a challenging marketplace."








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