StockMarketWire.com - Howden Joinery Group said Thursday it remained on track to meet the management's expectations for the full year following good trading performance in the important October to November period.

For the 17 June to 3 November 2018, or periods 7 to 11, Howdens UK depots' total revenue increased by 7.5% and by 6.1% on a same depot basis on the comparable periods in 2017, driven mainly by volume growth, the company said.

Gross margin performance during periods 7 to 11 was in line with management expectations, the company added.

Howdens said it expected to add a total of around 33 depots in the UK in 2018, taking the total number of depots in the UK to around 694.

'We now expect an incremental cost in H2 2018 resulting from the increase to our previously announced depot rollout programme,' the company said.


At 9:27am: [LON:HWDN] Howden Joinery Group PLC share price was +13.2p at 485p



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