Howden Joinery Group PLC (CHIX:HWDNl)
£ 7.7375 0.03 (0.38%) Market Cap: 4.26 Bil Enterprise Value: 4.78 Bil PE Ratio: 16.68 PB Ratio: 4.25 GF Score: 98/100
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Half Year 2021 Howden Joinery Group PLC Earnings Call Transcript

Jul 22, 2021 / 07:30AM GMT
Release Date Price: £9.03 (+2.47%)
Andrew Livingston
Howden Joinery Group Plc - CEO & Director

Good morning, everyone, and welcome to the Howden's results presentation for the first half of 2021. I'll begin by introducing our performance in the first half. Paul Hayes will then review our financial results for the period. I will then share my perspectives on the first half performance and our plans, and then we'll take questions.

Howden's has delivered a strong performance in the first half with sales and profit before tax at record levels for the period. As reported in our update to the market on the 13th of July, U.K. sales in the first half increased significantly in 2019 and substantially versus 2020, when trading was materially impacted by the onset of the spring lockdown at the start of the second quarter.

The increase in sales trended upwards across the first half of 2021, with sales of everyday and promotional items being particularly strong. Our profitability improved with group profits before tax versus 2019, increasing at a higher rate than revenues. And we've continued to make good progress on our

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