Howden grows profits and lifts margins as it gears up for peak trading season

Howden Joinery has reported a solid first-half performance, delivering higher sales, stronger margins and improved underlying profits despite continued pressure on the UK home improvement market.

The kitchen and joinery supplier said revenue increased 3.3% to £1.03bn in the 24 weeks to 13 June, while adjusted sales, accounting for one fewer trading day, rose 3.7%. Underlying operating profit climbed 5.5% to £128.1m, lifting the group's operating margin to 12.4% from 12.2% a year... 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...