CEO Comité Européen de l‘Outillage 
European Tool Committee 
Europäisches Werkzeugkomittee

DIY: Kingfisher grows by 1.2 per cent

Kingfisher has published its latest half-year figures, according to which the company was able to increase its sales by 1.2 per cent to GBP 6.080 bn in the last six months until 31 July 2018.

  • Digital sales now account for 6 per cent of the Group, up from 5 per cent last year. Revenues from the click & collect service at B&Q, grew by 56 per cent versus the first half of last year, mainly driven by the roll out of the one hour click & collect service which went live in Q3 2017/18.
  • Kingfisher UK & Ireland sales increased 1.3 per cent (-0.5 per cent LFL) to GBP 2 635 mio within the context of a continuing weak consumer backdrop. B&Q total sales declined by 2.3 per cent to GPB 1 833 mio. Screwfix total sales grew by 10.4 per cent (+4.5 per cent LFL) to GBP 802 mio.
  • Kingfisher France sales decreased by 2.1 per cent (-2.4 per cent LFL) to GBP 2,267 mio reflecting continuing weaker performance of Castorama partly offset by an improving sales performance at Brico Dépôt.
  • Sales in Poland were up 2.8 per cent (+1.5 per cent LFL) to GBP 726 mio.
  • In Spain and Portugal sales decreased by 2.7 per cent (-2.7 per cent LFL) to GBP 184 mio.
  • In Russia sales declined by 4.6 per cent (-1.6 per cent LFL) to GBP 167 mio.
  • In Romania sales increased by 82.3 per cent (+3.5 per cent LFL) to GBP 95 mio driven by the acquisition of Praktiker Romania and made a retail loss of GBP 9 mio (2017/18: GBP 1 mio reported retail loss) reflecting customer uncertainty following the change of ownership of Praktiker Romania.
  • Screwfix Germany sales increased by 19.2 per cent (+19.6 per cent LFL) and made an GBP 8 mio retail loss (2017/18: GBP 9 mio reported retail loss).
  • Turkey, Kingfisher’s 50 per cent joint venture, Koçtaş, contributed retail profit of GBP 1 mio (2017/18: GBP 3 mio reported retail profit).

On 31 July Kingfisher was operating 5 671 stores. This is an increase of 51 stores. 50 of these were Screwfix which were opened in the UK and Ireland.

 

Source: DIY International, https://www.diyinternational.com

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Posted in DIY, General Market News

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