Plus in the UK, minus in France

Kingfisher maintains its turnover in the first quarter

Sales of the B&Q DIY stores grew by 0.3 per cent in the first quarter.(Source: Dähne Verlag, Strnad)
Sales of the B&Q DIY stores grew by 0.3 per cent in the first quarter.

Kingfisher keeps its turnover stable. In the first quarter of the 2024/2025 financial year (ending 30 April 2024), the British DIY retail group's total sales fell by 0.3 per cent year-on-year to GBP 3.262 bn (EUR 3.818 bn). Adjusted for currency effects, this represents an increase of 0.3 per cent. Adjusted for currency and like-for-like effects, this represents a decrease of 0.9 per cent. The company has published these figures in a trading update.

In the two major sales regions of Great Britain/Ireland and France, the trend was in the opposite direction. Kingfisher achieved sales growth in the British domestic market and in Ireland. Here there was an increase of 2.6 per cent (currency-adjusted 2.7 per cent) and 1.2 per cent on a like-for-like basis. This growth is almost exclusively attributable to the professional sales line Screwfix, which grew by 6.3 per cent. In contrast, the B&Q DIY stores only grew by 0.3 per cent.

In France, on the other hand, the British company recorded a decline in sales of 8.1 per cent (-5.1 per cent adjusted for currency effects, -5.3 per cent adjusted for currency and like-for-like effects). Here, Castorama DIY stores performed worse (-8.4 per cent, -5.1 per cent, -5.3 per cent) than Brico Dépôt (-7.7 per cent, -5.5 per cent, -5.2 per cent).

Kingfisher reported sales growth in Poland and Romania, which recorded a currency and like-for-like increase of 14.7 per cent. The markets in Spain and Portugal also grew on a like-for-like basis.

In the second quarter, Kingfisher has so far continued with a decline in sales. By 18 May, like-for-like sales had fallen by 2.5 per cent across the group.

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