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Apr 28 2026, 07:33 IST/BST
Howden Joinery
Still early in the year but on track to meet expectations
- Sectors : Builders Merchants
- Companies : Howden Joinery
DAVY VIEW
Howdens has enjoyed a steady start to 2026 with underlying same depot revenues in the core UK business up 2.6% year-on-year. We expect limited changes to forecasts with much to play for given Howdens generates circa 70% of full year profits in H2. The group, as ever, is well placed and we believe it is reasonably valued at present on a 2026 P/E multiple of around 16.5x.
