Howden Joinery (GB:HWDN) has released an update.
Howden Joinery Group PLC reported a strong half-year performance with a 4.3% increase in group revenue to £966.3 million, maintaining high gross margins at 60.8% despite challenging market conditions. Profit before tax remained steady at £112.3 million, thanks to strategic investments and efficiency improvements offsetting inflation costs. The company’s solid financial standing was underlined by a robust cash position of £165.5 million and a slight dividend increase, as it continues to expand its network and product offerings.
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