Howdens has reported first-half sales of more than £1bn as it continues to gain market share in a ‘flat’ UK kitchen market. It posted group sales of £1.03bn for the 24 weeks to 13th June, up 3.3% year-on-year. Profit before tax rose 4.3% to £122.2m, with gross margin improving to 62.8%.

Chief Executive Andrew Livingston stated: “Our first half performance demonstrates the strength and growth potential of our differentiated, in-stock, trade-only business model. Our underlying operating profit margin was ahead of last year as we maintained our industry-leading gross margin and remained disciplined on costs with ongoing investment in our strategic initiatives continuing to strengthen our competitive position.”

The company has also confirmed its £390m acquisition of online retailer DIY Kitchens that was completed on 23rd June, shortly after the reporting period ended. DIY Kitchens will continue to operate as a standalone online-only business serving non-trade consumers, complementing Howdens’ existing trade-only model rather than replacing it.

During the first half, Howdens traded from 975 depots, including 893 in the UK, and plans to open around 25 new UK depots during 2026 as it continues towards its long-term ambition of operating around 1,000 UK locations.

Source: kbb review (https://www.kbbreview.com)