Howden weathers demanding markets
Howden Joinery Group said trading had been maintained into the second half and 2012 cash flow should be stronger than expected.
Howden Joinery Group said trading had been maintained into the second half and 2012 cash flow should be stronger than expected.
Trading performance was on track for the year as a whole despite demanding conditions, the company added.
Revenue from UK depots was 2.2% higher than the previous year in the period from 10th June to 27th October.
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
The firm said this reflected a focus on price discipline and margin within the depots, which had delivered improved profitability.
In the first 44 weeks of the form's financial year revenue was up 4.3%, rising 2.2% on a same depot basis.
Howden's also said it was closing two small non-core support businesses, which would result in an exceptional charge in respect of discontinued operations in 2012 of around £3m.
-
Revealed: the best funds to buy before the end of the tax year
Looking to add more investments to your portfolio but not sure where to start? We reveal the best funds to buy now as the end of the tax year edges closer.
By Katie Williams Published
-
4 tax tips for the Bank of Mum and Dad before the end of the tax year
Parents and grandparents wishing to gift money in a tax-efficient way need to be aware of the looming 5 April end-of-tax year deadline. Here are our tips to beat the deadline.
By Ruth Emery Published