Howden Joinery stock reports 3.3 percent first half revenue growth

Published on 10/05/2026 at 18:02 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Howden Joinery stock was last at GBp 753 on October 5, 2026, while H1 revenue rose 3.3 percent to GBP 1.03 billion. Five analysts set a Hold consensus.

Aquarellbild der Londoner Skyline mit Fluss und historischen Gebaeuden — Aquarellmalerei zeigt Londoner Firmensitz von Howden Joinery Group Plc, ISIN GB0002148369, mit stilisierter britischer Stadtlandschaft, Illustration mit AI erstellt.

Howden Joinery (ISIN GB0005576813) was last at GBp 753 on the LSE at 4:35 p.m. London time on October 5, 2026, while its first half 2026 revenue rose 3.3 percent to GBP 1.03 billion. The latest results point to a split operating picture: sales expanded, but earnings and margin moved lower.

Revenue grows while margin narrows

According to Simply Wall St in its July 2026 results summary, Howden Joinery reported first half revenue of GBP 1.03 billion, up 3.3 percent from the first half of 2025. Net income fell 1.8 percent to GBP 88.0 million, while profit margin declined to 8.5 percent from 9.0 percent.

First half adjusted earnings per share stood at GBP 0.16, unchanged from GBP 0.16 in the first half of 2025, according to Simply Wall St. The combination of higher sales and lower profitability puts cost control alongside depot activity at the center of the next earnings assessment.

Analysts see a wider valuation gap

The published consensus is Hold among five analysts, with two Buy ratings and three Hold ratings, according to MarketBeat on September 14, 2026. The average target is GBp 1,009.40, leaving the stock 25.4 percent below that target based on the October 5 price.

Individual views remain spread across the analyst group. MarketBeat reports that Jefferies reaffirmed a Hold rating with a GBp 847 target on August 12, 2026, while Berenberg maintained Buy with a GBp 1,075 target on July 23, 2026.

Buyback supports the share count

Howden Joinery also continued its capital program in September. The Globe and Mail reported that the company repurchased and cancelled just under 500,000 ordinary shares between September 14 and September 18, 2026. The company held 4.87 million shares in treasury and had 544.48 million shares in issue after those transactions.

For investors, the key tension is visible in the numbers: first half revenue increased 3.3 percent, but net income decreased 1.8 percent and margin fell 0.5 percentage points. The buyback can reduce the share count, yet the operating margin remains the clearest measure of whether sales growth is translating into earnings.

Howden Joinery stock stays below yearly high

Howden Joinery stock was last at GBp 753 on the LSE at 4:35 p.m. London time on October 5, 2026, up 0.07 percent from the prior close of GBp 752.50. The GBp 713 to GBp 981 52-week range places the price 23.2 percent below the high, with 778,353 shares traded.