Howden announces second £50m share buyback tranche
Barclays Bank PLC executes the arrangement until December 2026. Purchased shares will be cancelled or held in treasury for employee obligations.
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Trade kitchen and joinery supplier
howdenjoinerygroupplc.comLast updated
In short: Howdens reported growth, acquired DIY Kitchens for £390m, and launched £100m share buybacks.
Barclays Bank PLC executes the arrangement until December 2026. Purchased shares will be cancelled or held in treasury for employee obligations.
Group sales rose 3.3% to £1,030.6m, while underlying operating profit increased by 5.5% to £128.1m. The company completed the acquisition of DIY Kitchens.
The £390m deal adds a complementary online model, targeting significant cost synergies and expanded market reach within the UK kitchen sector.
The acquisition was completed following admission of new ordinary shares to London Stock Exchange.
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