Howden Joinery Group (LSE:HWDN) PLC rose 2.1% today after forecasting that pre-tax profits would be marginally ahead of consensus forecasts for the full year.
In a trading update to 29 October 2022, the UK's largest specialist trade kitchen supplier said trading had remained strong since the half-year with 6.6% year-on-year revenue growth in the UK depots.
Revenue was 44.7% higher than the same period in 2019 with the growth rate in the second half increasing from 38.1% in the first half.
The international businesses continued to grow strongly with revenue 24.5% higher than the same period in 2021 and up 95.4% on 2019.
Andrew Livingston, chief executive said: "Howdens achieved a record performance in our important peak trading period.”
“We continued to gain market share supporting our customers with a strong product line-up, high stock availability and outstanding service.”
“Trade customers have remained busy into the Autumn with a good pipeline of work, as consumers continue to invest in and improve their homes.”