London · Delayed Price · Currency is GBP · Price in GBX Howden Joinery Group Earnings Call Transcripts
Fiscal Year 2026
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The acquisition of a leading online kitchen retailer for GBP 390 million expands access to non-trade customers and complements the existing trade-focused business. The deal is expected to be immediately accretive, with strong growth prospects and minimal overlap between customer bases.
Fiscal Year 2025
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Sales and profit grew year-over-year, with strong cash flow, improved margins, and increased shareholder returns. Market share gains were achieved across all price points, and international operations expanded. Strategic investments and a new £100 million buyback support continued growth.
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Sales and profit grew year-over-year despite a contracting UK kitchen market, with margin expansion, strong cash flow, and continued investment in depots, manufacturing, and digital. International operations and new product launches contributed to growth.
Fiscal Year 2024
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Delivered resilient results with flat group sales, sector-leading margins, and strong cash flow despite a contracting market. Continued investment in depots, digital, and product innovation, with a new £100m share buyback and increased dividends.
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Sales grew 4.3% year-over-year with strong UK market share gains and robust international growth. Gross margin remained sector-leading, supporting increased investment and a higher interim dividend. Full-year guidance is maintained despite ongoing macroeconomic and cost headwinds.