Third-quarter sales up again

“Following a slow second quarter”, in the words of the company, Kingfisher’s home improvement business grew sales by 16.1 per cent in the third quarter (to 2 November 2002) for a total of £ 1.731 bn (€ 2.698 bn).  Growth was up 5.2 per cent on a like-for-like basis over the same period last year. Profit grew by 28.7 per cent to £ 151 mio (€ 235 mio). A sales volume of £ 5.153 bn (€ 8.030 bn) for the first three quarters resulted in growth of 15.1 per cent and 3.6 per cent like-for-like. The group’s stores outside the United Kingdom and France, in particular the outlets in Poland, Canada and Italy, achieved good results. The company reports double-digit sales growth for Castorama Poland on a like-for-like basis.
Further details by sales area:
Retail sales Q IIC
change
Like-for-like change
Retail sales Q I - Q III
Change
Like-for-like change
Store nos.
Selling space
UK
£ 1.454 bn
16.1 %
5.9 %
£ 4.478 bn
16.2 %
4.0 %
320
1.960 mio m²
France
£ 582 mio
12.8 %
3.2 %
£ 2.437 bn
10.6 %
2.1 %
160
1.211 mio m²
International
£ 390 mio
22.2 %
7.2 %
£ 1.114 bn
21.6 %
6.2 %
125
898,000 m²
Total
£ 2.698 bn
16.1 %
5.2 %
£ 8.030 bn
15.1 %
3.6 %
605
4.069 mio. m²