Kitchen manufacturer is cooking on gas with strong half year results
Kitchen supplier Howden Joinery Group has reported what the chief executive has called a “strong financial performance” in the first half of the year.
The business, which has a factory in East Yorkshire and depots across the region saw revenues increase to £913.1m up from £784.9m in the same period in 2021 and almost 40% ahead of its pre-Covid levels in 2019.
The strong performance follows a record breaking year in FY2021, with it generating revenues of over £2 billion.
The period has seen 140 new depots open and 34 older depots be refurbished in the UK, along with seven new depots in France and one in the Republic of Ireland. The company’s investment will also see its East Yorkshire factory have a new frontal line and second architrave and skirting line operational in the second half of the year
Andrew Livingstone, CEO, Howdens
Looking ahead Livingston noted that the business “has good momentum going into the second half of the year” which will also include the firm’s peak trading period. He added that while recognising the business is “trading against record revenue comparatives” they remain confident but will remain “watchful of market conditions and consumer sentiment” as inflationary pressures continue to be have an impact.
