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Kingfisher 15 per cent over 2019 in third quarter

Kingfisher's Screwfix sales channel increased its revenues by 4.0 per cent, reflecting continued strong demand from trade customers, the company comments.

Kingfisher's Screwfix sales channel increased its revenues by 4.0 per cent, reflecting continued strong demand from trade customers, the company comments.

Kingfisher's Q3 results. Source: Kingfisher

Kingfisher's Q3 results. Source: Kingfisher

In the third quarter of its financial year 2021/2022 (ending 31 October 2021), Kingfisher made a total of 6.3 per cent less than in the same period last year. Without the Russian business, which the British group has since relinquished, it is 4.2 per cent less. Like-for-like sales adjusted for currency effects have dropped by 2.4 per cent. However compared to the same period two years ago, i.e. before the start of the pandemic, sales have risen by 15.0 per cent.

Some countries or sales channels also performed positively compared to the third quarter of 2020. In local currencies this is the Screwfix chain in Great Britain and Ireland (plus 4.0 per cent), Poland (plus 10.0 per cent) and Romania (plus 14.6 per cent).

In the two-year comparison, all growth rates lie in a double-digit percentage range. E-commerce sales rose in the two-year comparison by 133 per cent and now make up 16 per cent of overall sales.

The figures in detail are shown in the attached table.




|19 November 2021 | 12:38

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