Financial results
The information presented here relates to the 24 weeks to 11 June 2016 and the 24 weeks to 13 June 2015, unless otherwise stated.
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Howden Joinery UK depot revenue increased by 9.1% to £518.9m (up 6.7% on a same depot basis). Group revenue was £528.9m (2015: £482.6m); |
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Gross profit margin was 64.5% (2015: 63.7%), reflecting the implementation of a price increase and the lagged impact of adverse currency movements; |
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Operating profit rose to £74.7m (2015: £60.9m); |
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Profit before tax increased to £74.8m (2015: £59.2m), net interest falling by almost £2m; |
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Basic earnings per share increased to 9.1p (2015: 7.1p); |
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£52.8m returned to shareholders by way of a share buyback programme; |
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Net cash of £182.7m at 11 June 2016 (26 December 2015: £226.1m net cash, 13 June 2015: £223.3m net cash), reflecting the repurchasing of shares and increased capital expenditure (see below); |
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Interim dividend of 3.3p per share (2015: 2.8p). |
