- Pretax profit was GBP328.1 million, closely aligning with the estimate of GBP330 million.
- Total revenue came in at GBP2.32 billion, slightly below the forecasted GBP2.35 billion.
- UK revenue was GBP2.25 billion, just under the estimate of GBP2.28 billion.
- Operating profit stood at GBP339.2 million, narrowly missing the estimate of GBP340.9 million.
- Gross margin exceeded expectations, achieving 61.6% against the projected 60.8%.
- The final dividend per share was declared at 16.3 pence.
- Howden Joinery had 869 UK depots by the end of the period, surpassing the estimate of 862.57 depots.
- Net income attributable to shareholders was GBP249.3 million, slightly below the expected GBP253.1 million.
- The company anticipates an additional annual cost of approximately £18 million due to higher National Insurance contributions and an increase in the National Minimum Wage beginning April 2025.
- In response to its strong financial standing, Howden Joinery announced a new £100 million share buyback programme while continuing to invest in business growth.
- Analyst ratings on the company’s stock include 10 buys, 5 holds, and no sells.
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A look at Howden Joinery Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 3 | |
| Growth | 3 | |
| Resilience | 2 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 2.8 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Howden Joinery Group PLC, a company that designs, manufactures, and sells ‘fitted’ kitchens in the UK, is projected to have a positive long-term outlook based on Smartkarma Smart Scores. With above-average scores in Growth and Dividend, the company is poised for steady expansion and returns for its investors. Additionally, the strong Momentum score suggests a positive market sentiment towards the company’s future prospects. However, Howden Joinery‘s Value and Resilience scores are slightly lower, indicating some room for improvement in these areas to further enhance its overall outlook.
Despite facing some challenges in terms of value and resilience, Howden Joinery‘s overall outlook is optimistic, especially with its promising growth potential and dividend performance. As the company continues to focus on providing high-quality products to small local builders in the UK, leveraging its network of ‘depots’, it is well-positioned to capitalize on market opportunities and sustain its momentum. Investors may find Howden Joinery an attractive long-term investment option given its solid growth trajectory and dividend offerings.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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