France messes up the balance sheet

Mainly due to the poor performance in France, the British Kingfisher company had to face up to a decline in sales of 3.6 per cent in the third quarter. Taking into account the currency adjustment, the turnover increased by 1.0 per cent to GBP 2.816 bn, but sales adjusted, it decreased by 0.9 per cent.
In France, the turnover of the two sales divisions, Castorama and Brico Dépôt declined in total by 9.3 per cent to GBP 1.064 bn (currency adjusted: -2.7 per cent, on a like-for-like basis: -4.0 per cent). The company assessed the market environment as difficult, due to an industry minus of around three per cent and a weak housing construction market.
On the other hand, Great Britain and Ireland recorded a plus of 4.8 per cent (currency adjusted 4.9 per cent) to GBP 1.148 bn; also a growth of 2.6 per cent remained stable on the same sales area. Screwfix has achieved an exceptional expansion, with a sales growth of 25.2 per cent (like-for like 13.1 per cent).
Business in the remaining countries has shrunk by 7.4 per cent to GBP 604 mio (currency adjusted +1.1 per cent, like for like -1.5 per cent). In detail, these are:
Poland: GBP 283 mio, -7.3 per cent, currency adjusted -1.1 per cent, like-for-like -1.1 per cent China: GBP 97 mio, -14.4 per cent, currency adjusted -10.6 per cent, like-for-like -10.6 per cent Portugal and Germany: GBP 4 mio Romania: GBP 26 mio, -25.7 per cent, currency adjusted -20.9 per cent Russia: GBP 119 mio, -6.4 per cent, currency adjusted +13.9 per cent, like-for-like +9.6 per cent
Spain: GBP 75 mio, +4.0 per cent, currency adjusted +11.7 per cent, like-for-like -7.3 per Cent