26th Feb 2026 09:46
(Alliance News) - Howden Joinery Group PLC on Thursday said it was "well placed to outperform our competitors" as it reported a profit that beat expectations and proposed a higher dividend.
The London-based kitchen and hardware supplier said pretax profit climbed 5.1% to GBP344.9 million in the financial year ended December 27, from GBP328.1 million in 2024. It beat the upper end of the company-compiled consensus range of GBP322 million to GBP343 million.
Revenue rose 4.1% to GBP2.42 billion from GBP2.32 billion, higher than consensus of GBP2.40 billion, which had a range of GBP2.38 billion to GBP2.44 billion.
Operating profit was up 4.7% at GBP355.3 million from GBP339.2 million, easily beating the consensus of GBP342 million and climbing past the upper end of the consensus range of GBP332 million to GBP351 million.
The company proposed a final dividend of 16.9p, up 3.7% from 16.3p a year prior. That brings the total payout for financial 2025 to 21.9p, in line with the Financial Times-cited consensus, and up 3.3% from 21.2p a year ago.
Looking ahead, Howden Joinery said its current year-to-date trading has been in line with its own expectations, adding it was on track to meet current market expectations for financial year 2026. It cited a current analysts' consensus forecast pretax profit of between GBP345 million to GBP383 million, with an average of GBP354 million. The average would be a rise of 2.6% from financial 2025.
The company said that the Republic of Ireland is establishing itself as a "strong competitor in our categories".
Further, it said that it expects the UK kitchen market to be level year-on-year, after several years of decline in what remains a competitive marketplace.
"We believe our model is the right one to address the medium-term opportunities in our markets. We are well prepared for the year ahead and well placed to outperform our competitors," the firm said.
Howden Joinery shares jumped 6.4% to 911.00 pence each on Thursday morning in London.
By Tom Budszus, Alliance News slot editor
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