Howden Joinery Group PLC (OTCPK:HWDJF)
$ 11.96 0 (0%) Market Cap: 6.36 Bil Enterprise Value: 7.04 Bil PE Ratio: 20.34 PB Ratio: 5.11 GF Score: 98/100

Half Year 2022 Howden Joinery Group PLC Earnings Call Transcript

Jul 21, 2022 / 07:30AM GMT
Release Date Price: $7.86
Andrew Livingston
Howden Joinery Group Plc - CEO & Executive Director

Good morning, everyone, and welcome to the Howdens' 2022 interim results presentation. I will begin by introducing our first half performance. Paul Hayes will then review our financial results for the period. I will then share my perspective on our 2022 performance to date and our plans for the remainder of the year. And then we'll take your questions.

Howdens has delivered a very strong first half performance with record sales and profits for the year, which for us comprised 24 weeks. Group sales rose around 16% on 2021 and 40% on 2019 being the year prior to the onset of the pandemic. Our profit before tax increased at a higher rate than revenues and our gross margin was ahead of last year as we mitigated significant input cost pressures with disciplined pricing.

Our builders remain busy. We made good progress on our strategic plans, both for the U.K. business and our international operations whose performance continues to improve. You will see from our RNS announcement that we've moved our ESG agenda forward.

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