Howdens is set to return £100 million to shareholders through a new share buyback programme, reinforcing confidence in its financial strength despite ongoing pressures in the UK kitchen market.
The company reported steady results for 2023, with revenue rising slightly by 0.5% to £2.32 billion and pre-tax profit edging up 0.2% to £328 million. While market conditions remain tough, Howdens has focused on cost efficiencies and strategic investments to maintain stability.
Last year, the business expanded its footprint with 29 new depots and modernised 76 existing locations across the UK. It also introduced 11 new kitchen ranges, enhanced its digital infrastructure, and upgraded manufacturing and supply chain operations to support its trade customers.
