Added to YB: 2026-10-05
Pitch date: 2026-10-01
HWDN.L [neutral]
Howden Joinery Group Plc
+3.3%
current return
Author Info
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Company Info
Howden Joinery Group Plc supplies various kitchen, joinery, and hardware products in the United Kingdom, France, Belgium, and the Republic of Ireland.
Market Cap
GBP 4.2B
Pitch Price
GBP 7.52
Price Target
N/A
Dividend
2.87%
EV/EBITDA
8.86
P/E
15.59
EV/Sales
1.86
Sector
Trading Companies and Distributors
Category
growth
Letter to Readers - September 2026 - Howden Joinery Group Plc
HWDN.L (monitor): Howdens, the UK’s leading kitchen supplier to tradespeople, delivered H1 2026 revenue growth of 3.3% to £1.03B and underlying operating-income growth of 5.5% to £128MM despite a tough UK environment. With UK depot expansion approaching practical limits and international depots far less productive, it remains uncertain whether the £390MM DIY Kitchens acquisition — priced at 10.5x EV/EBIT — can sustain its historical growth and add intrinsic value without eroding its economics.
Read full article (2 min)