On Track



Howden Joinery On Track For Year After Strong Second Half So Far

LONDON (Alliance News) - Kitchens and joinery products manufacturer Howden Joinery Group PLC on Thursday said trading has remained strong so far in the second half of 2015 and is remains confident on hitting its expectations for the full year.

FTSE 250-listed Howden said its UK depots total revenue for the four months to the end of October rose 13% against tough year-before comparatives. For the first ten months of 2015, UK depot revenue rose 12% and is up 9.3% on a like-for-like basis.

Gross margins have also been in line with the company’s expectations.

Howden shares were up 4.6% to 480.1 pence on Thursday morning, one of the best performers in the FTSE 250.