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Sparks commentary

Industrials

Sparks

Howden Joinery (LSE: HWDN) – Revenue growth in line with expectations
Published by Andy Murphy

Revenue in the first four periods (16 weeks) of FY25 saw total growth of 3.0% and growth on a same depot basis of 1.8%. Low single-digit growth in the UK was accelerated by double-digit growth in the smaller international businesses. Howden continues to invest in the business and is planning to open 20-25 depots this year, and refurbish c 60. Furthermore, the company will launch 23 new kitchen ranges and six new bedroom ranges, as well as roll out a new customer relationship management system. The £100m share buyback is expected to be completed this year and trading remains on track with management’s expectations.

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