Howden Joinery performance measures up

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.

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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