Howden has delivered another solid trading performance in H2, all the more stand-out this time given the weak trading patterns and deferred spending trends being reported in adjacent consumer sectors due to declining consumer confidence and negative real wages. LFL depot growth of c5-6% was better than many feared and reflects the benefits of innovation/new ranges as well as, we believe, a greater emphasis on driving volume (over price) than earlier in the year. Although 10% of sales are yet to ....
02 Nov 2017
N+1 Singer - Howden Joinery Group - Positive trading underpins f/casts despite the tougher backdrop
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N+1 Singer - Howden Joinery Group - Positive trading underpins f/casts despite the tougher backdrop
Howden Joinery Group PLC (HWDN:LON) | 906 0 0.0% | Mkt Cap: 4,969m
- Published:
02 Nov 2017 -
Author:
Matthew McEachran -
Pages:
3
Howden has delivered another solid trading performance in H2, all the more stand-out this time given the weak trading patterns and deferred spending trends being reported in adjacent consumer sectors due to declining consumer confidence and negative real wages. LFL depot growth of c5-6% was better than many feared and reflects the benefits of innovation/new ranges as well as, we believe, a greater emphasis on driving volume (over price) than earlier in the year. Although 10% of sales are yet to ....