Howden Joinery said UK revenue was up 5.9 percent in the first 16 weeks of 2012 and increased 4% on a same depot basis despite challenging market conditions.
The kitchen supplier, previously called Galiform, said total revenue in the two most recent periods was up 9.4%, helped by the relatively weak comparative periods.
The group, which supplies kitchens directly to builders in the UK and France noted direct comparisons with last year are made difficult by a number of factors, including the timing of bank holidays and price increases.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Howden said it is pleased with its performance in the year to date, whilst remaining cautious about the outlook for the rest of the year as the tough market environment continues.
So far in 2012, the gross profit margin performance is in line with market expectations for the full year, it said.
CJ
-
FTSE 100 hits record highs – why is it rising and will we see more gains?Advice UK equities have been described as unloved for a long time but as the FTSE 100 hits new highs, we explain if now is the time to buy British.
-
How to invest in copperIt may be time to invest in copper as the red metal appears poised for a big jump. Dominic Frisby looks at what should investors should buy
