Howden Joinery Grp Ord (HWDJF) Q2 2025 Earnings Call

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Replay transcript excerpt

WEBVTT 00:00:00.031 -- 00:00:05.857 and welcome to Haydn's 2025 interim results presentation. 00:00:05.857 -- 00:00:09.682 I will begin by introducing our performance in the first half 00:00:09.682 -- 00:00:15.088 and Jacqui Calloway, who joined us in June as our new CFO, will then 00:00:15.088 -- 00:00:18.331 review our financial results for the period. 00:00:18.331 -- 00:00:20.692 Welcome, Jacqui. 00:00:20.774 -- 00:00:25.859 I will then share my perspectives on our 2025 performance to date and our plans for 00:00:25.859 -- 00:00:30.440 the remainder of the year. And then we'll take your questions. 00:00:30.440 -- 00:00:35.570 The business has performed well in the first half as we anticipated a challenging 00:00:35.570 -- 00:00:37.473 marketplace. 00:00:37.473 -- 00:00:42.783 The results met our expectations for the period and we're on track for 2025. 00:00:42.783 -- 00:00:47.873 Group sales in the first half increased by 3.2% and were up 4.3% 00:00:47.873 -- 00:00:53.219 when adjusted for the lower number of trading days this year. 00:00:53.423 -- 00:00:58.388 In the UK, we believe we gained kitchen market share in the period, which helped us mitigate 00:00:58.388 -- 00:01:03.112 a small single-digit decline in the overall size of the market. 00:01:03.112 -- 00:01:07.916 We maintained an industry-leading gross margin with gross profit ahead of last year as 00:01:07.916 -- 00:01:13.662 we balanced recovery of cost rises with our commitment to providing competitive pricing 00:01:13.662 -- 00:01:16.923 across the board for our customers. 00:01:17.085 -- 00:01:23.039 Profit for the period was ahead of last year, increasing at a higher rate than sales. 00:01:23.039 -- 00:01:27.966 We progressed our strategic plans for the UK which support our trade customers and total...