Howden Joinery Group Plc Half-year Report – DirectorsTalk Interviews

SUMMARY OF GROUP RESULTS1

£m (unless stated) 2019 2018 % change Revenue – Group 652.6  619.4  5.4  – Howden Joinery UK depots 638.1 604.7 5.5 Gross profit 404.2 379.5 6.5 Gross profit margin, % 61.9 61.3 60bp Operating profit 77.7 69.6 11.6 Profit before tax 78.1 68.8 13.5 Basic earnings per share 10.3p 8.9p 15.7 Dividend per share 3.9p 3.7p 5.4 Net cash at end of period 217.1 213.3 1.8

The information presented relates to the 24 weeks to 15 June 2019 and the 24 weeks to 16 June 2018, unless otherwise stated.

2 Same depot basis for any year excludes depots opened in that year and the prior year.

Financial highlights1:

·       Howden Joinery UK depot revenue grew by 5.5% to £638.1m (2018: £604.7m), and by 3.4% on a same depot basis2. Group revenue was £652.6m (2018: £619.4m);

·       Gross profit margin of 61.9% (2018: 61.3%), reflected a price increase in January and a

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