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Howdens Raises Profit Expectations

Howdens branch SC.jpg

Howdens has published an update to its 9th December 2020 announcement, advising that trading has been stronger than anticipated with good profit and cash performance.

As a result, the Company now expects FY2020 profit before tax to be around £185m.

In the December update, Howdens advised that it expected profit to be around 10% higher than analyst expectations, which at the time were believed to be £123m to £152m.  The new forecast is therefore more than 10% higher than the upper end of the previous estimates.  

The Group expects to release its 2020 Preliminary Results, including an update on market conditions, on 25 February 2021.

Source : Insight DIY Team

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13 January 2021

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