Howdens reports half year results for 2026
Sales rose 3.3% to £1,030.6m, underlying profit up 5.5%, and DIY Kitchens acquisition completed.
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Trade kitchen and joinery supplier
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In short: Howdens acquired DIY Kitchens for £390m and reported increased sales and profits alongside a £100m share buyback programme.
Sales rose 3.3% to £1,030.6m, underlying profit up 5.5%, and DIY Kitchens acquisition completed.
The £390m deal adds a complementary online model, targeting significant cost synergies and expanded market reach within the UK kitchen sector.
The 12.7 million shares are issued to Ling Chase Holdings with a 12-month lock-in, and total voting rights become 550,916,336.
The company has instructed Deutsche Bank to repurchase shares up to £50 million commencing on 3 June 2026 to reduce share capital.
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