Business
Trading Statement
Trading Statement.
About this update from Howden Joinery Group Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 8163Q\n Howden Joinery Group PLC\n 01 November 2021\n \n \n \n \n 1 November 2021 \n \n \n \n \n \n Howden Joinery Group plc\n \n \n \n \n \n TRADING UPDATE\n \n \n \n THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION\n \n \n \n \n \n Howden Joinery Group plc (\"Howdens\" or \"the Group\" or the \"Company\"), the UK's largest kitchen supplier, today announces a trading update for the period 13\n June 2021 to 30\n October 2021 (Period 7 to Period 11). \n \n \n Trading\n \n \n As previously announced, Howdens strong results for the first half benefited significantly from:\n \n \n - pent-up demand from the lockdown effects of 2020 and people working from home wishing to spend more on their properties; \n \n \n - our ability to pass-on higher input costs through our selling prices; and \n \n \n - market leading product availability compared with shortages experienced elsewhere in the market.\n \n \n \n \n \n These exceptional factors have continued into the second half, resulting in strong sales and profits. \n \n \n \n \n \n Howdens UK depots' total revenue for Periods 7 to \n 11 increased by 20.8% and by 19.2% on a same depot basis\n \n \n 1\n \n \n , on Periods 7 to 11 in 2020. With continued strong demand and a high level of stock availability, we again smoothed our \"P11\" peak trading across Periods 10 and 11 to help\n \n supply chain management and depots to service demand.\n \n Sales growth was driven principally by increases in volume in addition to price rises.\n \n \n \n \n \n \n Compared with 2019, \n Howdens UK depots' total revenue for Periods 7 to \n 11 increased by 35.7% and by 30.5% on a same depot basis\n \n \n 1\n \n \n .\n \n \n \n \n \n For the year to date (Periods 1 to 11), total UK revenue was 37.7% higher than 2020, and 28.3% above 2019.\n \n \n \n \n \n On a local currency basis, Howdens International depots' total revenue for Periods 7 to \n 11 increased by 16.6% and by 12.3% on a same depot basis\n \n \n 1\n \n \n , on the comparable Periods in 2020. \n Compared with 2019, \n Howdens International depots' revenue for Periods 7 to \n 11 increased by 56.9% and by 36.6% on a same depot basis\n \n \n 1\n \n \n .\n \n \n \n \n \n Total local currency International revenue for the yea...