Howden Joinery (HWDN) surpassed £1bn in sales for the first time in its 20-year history as the kitchen supplier benefited from a revitalised construction market. Opening 30 new depots in the UK helped it bring the number of its customers, mainly local builders, to over 350,000 and increase revenues by 14 per cent.
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Adding depots is a key part of management's plan to capitalise on the myriad growth opportunities in kitchen installation. It also plans to ramp up investment in manufacturing and logistics, as well as adding seven more depots to its small operations in France.