BRITISH kitchen supplier Howden Joinery said it was confident of winning more market share in 2011 as its business model focused on small builders makes the best of a tough market.
The firm, which supplies kitchen units to over 200,000 small builders from 489 UK depots, beat forecasts with a 47 per cent rise in 2010 profit. It said current trading was robust and outlined a plan to resume dividends in the current year, disappointing those who had hoped for a payout on last year’s profit.
“The market, the way it’s shaping in its complexity with peoples’ requirements for a working kitchen, is moving our way,” chief executive Matthew Ingle, who founded Howden Joinery in 1995, said. “Are we immune from a downturn? No we are not, but we have access to more of the markets doing it our way than I think perhaps people are aware of,” he added.