Howden Joinery ‘watchful’ over Brexit impact

Howden Joinery Group has said that they remain “watchful of market conditions” with regards to Brexit this morning, at the same time announcing that revenues for the start of the year were up.

For the 16 weeks to 20 April, Howden Joinery UK increased revenue by 5.7% overall and 3.9% on a same depot basis.

The company said that sales growth was driven by an increase in prices in January.

It opened eight new depots so far this year, with plans to open a total of 40 during 2019, including five in Northern Ireland.

Howden also acquired 4.8m shares in a share repurchase exercise for a consideration of £24.0m.

The company said: “Looking forward, we are on track with our plans for the year as a whole although remain watchful of market conditions and the further impact that Brexit may have on the economy.”