Howden on track to meet annual targets, posts 9% rise in first quarter revenue

30th Apr 2015 11:41

Howden Joinery Group, the kitchen and joinery products supplier, said it was confident of meeting annual targets after trading in line with expectations so far this year.The London-listed group said revenue in the first quarter was up 9.4% year-on-year and had increased 7% on a same depot basis.The FTSE 250 group said the increase in revenue and unchanged conditions in its markets painted a positive picture for the year, adding it was on track to open 30 new depots countrywide to add to the six it had already opened so far.Howden shares were down 1.09% to 636.50p at 11:54 on Thursday.