Like-for-like sales down

17.02.2006

Kingfisher has announced retail sales up by 4.7 per cent for the 2005/06 financial year, but 2.2 per cent down in like-for-like terms

Kingfisher, Europe's number one, recorded sales of £ 8.010 bn (€ 11.734 bn) for the 2005/06 financial year (to 28 January). This amounts to a 4.7 per cent sales increase, or 3.9 per cent in constant currency. A sales decrease of 2.2 per cent was recorded  in like-for-like terms.
In the fourth quarter Kingfisher achieved sales growth of 5.6 per cent (6.0 per cent in constant currency) over the comparable period last year to £ 1.863 bn (€ 2.729 bn), but the sales volume went down by 0.5 per cent like-for-like. No profit figures were issued for this quarter.
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