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Kingfisher completes 2020/2021 with a plus of seven per cent

Kingfisher's primary sales channel in the UK and Ireland B&Q recorded a like-for-like increase of 13.0 per cent.

Kingfisher's primary sales channel in the UK and Ireland B&Q recorded a like-for-like increase of 13.0 per cent.

The British Kingfisher group has completed financial year 2020/2021 (ending 31 January 2021) with a sales growth of 7.2 per cent to GBP 12.343 bn (EUR 14.379 bn). At constant exchange rates, the increase amounts to 6.8 per cent, like-for-like sales net of currency effects 7.1 per cent.

The e-commerce sales of the group have risen by 158 per cent. Their share of overall sales has thus increased from 8 to 18 per cent. More than three quarters of the e-commerce sales (78 per cent) were achieved through the click & collect offer which were more than tripled in sales (plus 226 per cent).

In Great Britain and Ireland, Kingfisher increased sales by 12.4 per cent (like-for-like 10.7 per cent) to GBP 5.743 bn (EUR 6.690 bn). The like-for-like increase for the primary sales channel B&Q at 13.0 per cent was a good twice as high as for the Screwfix stores (6.6 per cent).

The plus in France turned out significantly lower: sales here increased after adjusting for currency effects by 3.2 per cent to GBP 4.309 bn (EUR 5.020 bn). The two French sales channels also differ significantly when comparing their like-for-like increase rates: for Castorama it was plus 6.2 per cent, for Brico Dépôt plus 3.8 per cent.

In Poland, the currency-adjusted growth of 8.0 per cent to a sales volume of GBP 1.550 bn (EUR 1.806 bn) lay significantly over the like-for-like increase of 4.9 per cent. A like-for-like decline adjusted for currency effects of 7.0 per cent to GBP 310 mio (EUR 361 mio) was reported by Kingfisher from Spain and Portugal. In contrast, growth rates in Romania are in double-digit figures: plus 11.8 per cent (like-for-like 10.8 per cent) to GBP 242 mio (EUR 281 mio). Kingfisher is withdrawing from Russia. GBP 189 mio (EUR 220 mio) and thus 31.8 per cent less than in financial year 2019/2020 were still made there; the like-for-like decline amounted to 8.8 per cent.

|23 March 2021 | 12:25


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