Half Year 2020 Howden Joinery Group PLC Earnings Call Transcript
Good morning, everyone, and welcome to the Howdens Interim 2020 Results Presentation. Thank you for taking the time to join us on our conference call or to listen on the webcast. I'll begin by introducing our performance in the period, Mark will then review our interim financial results. I will then share my perspectives on our performance in the first half and our plans for the remainder of 2020 and then we'll take questions.
Our performance was materially impacted by the changes to economic and trading environment brought about by COVID-19 and that is to making a loss of GBP 14 million in the first half as a whole. Sales in the first half were 29% lower than in 2019 with all of the shortfall attributable to trading in the second quarter, which started on the 23rd of March, and which for us, is when the U.K. lockdown commenced.
During the second quarter, we initially closed all our U.K. depots and then undertook a phased reopening of them. At first with the skeleton staff and with restricted trading areas that we
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
