Business
2022 Half Year Results
2022 Half Year Results.
About this update from Howden Joinery Group Plc
[{"type":"text","content":"\n \n \n Continued strong sales and operating performance, well ahead\nof pre-COVID-19 levels\n \n \n Results summary\n \n \n \n \n \n \n \n £ millions (unless stated)\n \n \n \n \n \n \n 2022\n \n \n 1\n \n \n \n \n \n \n 2021\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 3\n \n \n \n \n vs 2019\n \n \n \n \n \n \n \n Group revenue\n \n \n \n \n 913.1\n \n \n \n \n 784.9\n \n \n \n \n +16.3%\n \n \n \n \n +39.9%\n \n \n \n \n \n \n UK revenue\n \n \n \n \n 889.3\n \n \n \n \n 764.1\n \n \n \n \n +16.4%\n \n \n \n \n \n \n \n \n \n \n \n \n \n Gross profit\n \n \n \n \n 565.0\n \n \n \n \n 481.0\n \n \n \n \n +17.5%\n \n \n \n \n \n \n \n \n \n \n \n \n \n Gross profit margin, %\n \n \n \n \n 61.9%\n \n \n \n \n 61.3%\n \n \n \n \n +60bps\n \n \n \n \n \n \n \n \n \n \n \n \n \n Operating profit\n \n \n \n \n 149.1\n \n \n \n \n 124.3\n \n \n \n \n +20.0%\n \n \n \n \n +91.9%\n \n \n \n \n \n \n Operating profit margin, %\n \n \n \n \n 16.3%\n \n \n \n \n 15.8%\n \n \n \n \n +50bps\n \n \n \n \n \n \n \n \n \n \n \n \n \n Profit before tax\n \n \n \n \n 145.0\n \n \n \n \n 119.2\n \n \n \n \n +21.6%\n \n \n \n \n +85.7%\n \n \n \n \n \n \n Basic earnings per share, p\n \n \n \n \n 19.6p\n \n \n \n \n 16.4p\n \n \n \n \n +\n 19.5\n %\n \n \n \n \n \n \n \n \n \n \n \n \n \n Interim dividend per share, p\n \n \n \n \n 4.7p\n \n \n \n \n 4.3p\n \n \n \n \n +9.3%\n \n \n \n \n \n \n \n \n \n \n \n \n \n Cash at end of period\n \n \n \n \n 249.7\n \n \n \n \n 476.2\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 24 weeks to 11 June 2022, and the 24 weeks to 12 June 2021, unless otherwise stated. The 2022 and 2021 results are presented under IFRS 16, 2019 results have not been restated for IFRS 16.\n \n \n \n 2\n \n Same depot basis for any year excludes depots opened in that year and the prior year. See Financial Review on page\n 4.\n \n \n \n 3\n \n 2019 included to show pre-COVID-19 financial performance.\n \n \n Highlights1\n \n \n - \n Group revenue of £913.1m was 16.3% ahead of last year and 39.9% ahead of pre-COVID levels in 2019.\n \n \n - \n UK revenue 16.4% up on last year and 13.5% ahead on a same depot basis2. UK revenue in P7 grew by 8% against tough prior year comparatives and was 44% ahead of 2019. &nb...