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Sales grow in Australia, losses in the UK

In February, the Australian chain reopened its first store under the Bunnings banner in the UK.

In February, the Australian chain reopened its first store under the Bunnings banner in the UK.

The Australian DIY store chain Bunnings recorded sales totalling AUD 6.955 bn in the first six months of fiscal 2016/2017 from July to December 2016. This equates to growth of 27.2 per cent compared with the same period in the previous year. This includes the acquisition by Bunnings in March 2016 of the British Homebase chain.

In Australia and New Zealand the chain increased its sales by 8.3 per cent to AUD 5.957 bn. Store-on-store sales grew by 6.5 per cent, with business improving somewhat in the second quarter.

In Great Britain and Ireland, Bunnings' sales in the Homebase stores acquired there amounted to GBP 612 mio. (AUD 1.038 bn), thus incurring a loss before interest and tax of GBP 28 mio (AUD 48 mio). The first store to be converted to the Bunnings concept has now opened, with three more to follow shortly.

|16 February 2017


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