News | Annual report 2016/2017

Back

Bunnings grows strongly at home, but loses money in the UK

On the declaration day, Wesfarmers operated in UK 251 Homebase stores and four locations which were refitted to Bunnings.

On the declaration day, Wesfarmers operated in UK 251 Homebase stores and four locations which were refitted to Bunnings.

The home improvement division of the Australian Westfarmers group, which operates under the brand name Bunnings, increased its sales in financial year 2016/2017 (ending 30 June) by 17.4 per cent to AUD 13.586 bn. According to the annual report which has now been published, this level of growth is due to the takeover of the Homebase stores in Great Britain, which have contributed with their entire annual sales for the first time.

In Australia and New Zealand, Bunnings made sales of AUD 11.514 bn, which is 8.9 per cent more.  Store-on-store sales grew by 7.3 per cent.

Bunnings stores in Great Britain and Ireland accounted for AUD 1.229 bn on the declaration day: these were 251 Homebase stores and four locations which were refitted to Bunnings. While the division in Australia and New Zealand increased the EBIT by 10.0 percent to AUD 1.334 bn, its commitment in Great Britain and Ireland brought losses of AUD 54 mio.

|22 September 2017


More about the company
SEND
 PRINT 

Post a comment

* Please complete the areas marked in red correctly and in full!.



(will not be published)

* obligatory fields


Latest news

Trade fair in Vietnam wants to increase number of exhibitors

The organisers of the Vietnam Hardware & Hand Tools Expo (VHHE) are expecting a further increase in the number of exhibitors and visitors this View news...

Growth for the top 10 in North and South America

The top 10 DIY retailers in North and South America achieved combined net sales of EUR 203.7 bn in 2017. That was 1.9 per cent more than the previous View news...

Kesko acquires the largest Byggmakker retailer

Kesko Corporation's subsidiary Byggmakker Handel AS has agreed to purchase Gipling AS, a Norwegian operator in the building and home improvement View news...

Good Home plans expansion in Brunei and Malaysia

After recently opening what is touted to be the biggest do-it-yourself store in the Southeast Asian island of Borneo, Bruneian-owned company Good View news...

Actual figures

Statistics Home Improvement Europe


Statistics Home Improvement
This brochure provides a competent overview of the situation in the Home Improvement sector in 31 European countries.

Order now!

5th Global DIY Summit 2017

STORCH-CIRET Group

Storch-Ciret Group

Berlin was the center of the DIY universe

The 5th Global DIY Summit in Berlin was a first class networking event for the international home improvement industry. Here are the portraits of some of the most important companies that exhibited at the International Congress Exhibition.

Gallery