Business
2022 Full Year Results
2022 Full Year Results.
About this update from Howden Joinery Group Plc
[{"type":"text","content":"\n \n Strong growth, further market share gains,\nand sector leading margins\n \n Results summary\n \n \n \n \n \n \n \n £ millions (unless stated)\n \n \n \n \n \n \n \n \n \n \n \n 20221\n \n \n \n (unaudited)\n \n \n \n \n \n 20211\n \n \n \n \n \n \n \n \n \n \n \n Change\n \n \n \n \n vs 2021\n \n \n \n \n \n \n Change\n \n \n \n \n vs 20193\n \n \n \n \n \n \n \n Group revenue\n \n \n \n \n 2,319.0\n \n \n \n \n 2,093.7\n \n \n \n \n +10.8%\n \n \n \n \n +46.4%\n \n \n \n \n \n \n UK depot revenue\n \n \n \n \n 2,256.1\n \n \n \n \n 2,043.3\n \n \n \n \n +10.4%\n \n \n \n \n +45.5%\n \n \n \n \n \n \n Gross profit\n \n \n \n \n 1,411.2\n \n \n \n \n 1,289.0\n \n \n \n \n +9.5%\n \n \n \n \n +43.1%\n \n \n \n \n \n \n Gross profit margin, %\n \n \n \n \n 60.9%\n \n \n \n \n 61.6%\n \n \n \n \n -70bps\n \n \n \n \n -140bps\n \n \n \n \n \n \n Operating profit\n \n \n \n \n 415.2\n \n \n \n \n 401.7\n \n \n \n \n +3.4%\n \n \n \n \n +59.7%\n \n \n \n \n \n \n Operating profit margin, %\n \n \n \n \n 17.9%\n \n \n \n \n 19.2%\n \n \n \n \n -130bps\n \n \n \n \n +150bps\n \n \n \n \n \n \n Profit before tax\n \n \n \n \n 405.8\n \n \n \n \n 390.3\n \n \n \n \n +4.0%\n \n \n \n \n +55.7%\n \n \n \n \n \n \n Basic earnings per share, p\n \n \n \n \n 65.8p\n \n \n \n \n 53.2p\n \n \n \n \n +23.7%\n \n \n \n \n +88.0%\n \n \n \n \n \n \n Total ordinary dividend per share, p\n \n \n \n \n 20.6p\n \n \n \n \n 19.5p\n \n \n \n \n +5.6%\n \n \n \n \n \n \n \n \n \n \n \n \n \n Cash at end of period\n \n \n \n \n 308.0\n \n \n \n \n 515.3\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n 1\n \n The information presented relates to the 52 weeks to 24 December 2022, the 52 weeks to 25 December 2021 and the 52 weeks to 28 December 2019, unless otherwise stated. The 2022 and 2021 results are presented under IFRS 16, 2019 results have not been restated.\n \n \n \n 2 Same depot basis for any year excludes depots opened in that year and the prior year. See Financial Review on page 4.\n \n \n \n 3 2019 results included due to the significant impact of COVID-19 on the 2020 results.\n \n \n \n \n \n Highlights1\n \n \n - Group revenue of £2,319.0m was 10.8% ahead of last year and 46.4% up on 2019 reflecting the strengths of our local, trade only, in-stock business model.\n \n - UK depot revenue ...