Howdens beats own expectations with strong first half performance

KitchensNews Thu 15th Jul 2021 by Emma Hedges

Howdens beats own expectations with strong first half performance

Howdens beats own expectations with strong first half performance



Howden Joinery has revealed in an unscheduled update ahead of its 2021 half-year results, that it has "achieved a strong first half performance, ahead of our expectations" as a result of the home improvements spending boom that the sector has experienced during the COVID-19 pandemic.

According to the update, the group achieved revenue of almost £785m, compared with £465m in 2020, and £652m pre-pandemic in 2019.

Howdens said: "Since the period end, this pattern of trade has continued and we remain cautiously optimistic in our outlook for the second half and our all-important peak trading period.

"Whilst we are aware of the economic uncertainties that we face and the tough comparators from the second half of 2020, we remain confident in our business model for the future. Accordingly, we are currently expecting pre-tax profits of around £300m for 2021 as a whole."

Howdens will publish its 2021 half year results on 22nd July 2021.

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