🔮 Better than the Oracle? Our Fair Value found this +42% bagger 5 months before Buffett bought itRead More

Kitchen supplier Howden Joinery's UK revenue rises

Published 01/05/2014, 08:34
Updated 01/05/2014, 09:32
HWDN
-

(Reuters) - British kitchen supplier Howden Joinery Group Plc L:HWDN reported an 11.2 percent rise in UK revenue in the first 16 weeks of the year, helped by stronger consumer spending and a recovery in the housing market.

Shares in the company rose 3.4 percent at 336.5 pence in early trading on the London Stock Exchange on Thursday.

The company, which supplies kitchen units and joinery to 290,000 small builders, said that UK depot revenue - a like-for-like number that compares the same number of depots - increased 8.5 percent in the first 16 weeks of 2014.

Howden Joinery said it had opened six new depots in the UK since the beginning of the year, taking its total in the country to 565 depots. It plans to open another 30 new depots this year.

(Reporting by Aastha Agnihotri in Bangalore; Editing by Robin Paxton)

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.