Kitchen supplier cooks up a recovery
Kitchen supplier Howdens Joinery has cooked up a recovery in the second half of the year as it "benefitted from pent-up demand and the consumer's desire to invest in their homes".
Sales in the second six months were up 16%, which followed a "sharp drop" during the first national lockdown when all of its depots were initially closed.
Howdens ended the year with revenue down 2% to £1.55bn although pre-tax profits were down 29% to £185m.
It has repaid the £22m it received from Government furlough and other support taken earli... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
