Howdens has posted annual sales of £2.23bn for the year ended 31 December ’24, which is up 0.5 per cent in the face of a very challenging market. The business, which specialises in kitchen and joinery products sold to trade, had invested in 29 new depots and 76 depot overhauls during the year.
Andrew Livingston, CEO said: “Howdens performed well in a challenging market, gaining further market share. We continued to invest in developing our kitchen and joinery ranges, opening more depots, and in new digital capabilities. We are also investing in our manufacturing operations and supply chain to support our trade customers with high-quality, easy-to-fit products that are reliably in stock.
Whilst we anticipate the kitchen market is likely to contract further in 2025, we are confident that our differentiated model, combined with our strategic initiatives, mean we are well placed to gain further market share. Reflecting the group’s strong financial position, we have announced (today) a new £100m share buyback programme whilst continuing to invest in the business.”
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