News | UK sales up, French sales down

Back

Kingfisher ends first half-year with a slight drop in sales

In Great Britain and in Ireland, Kingfisher increased sales by 3.7 per cent. The growth rate for both distribution channels, B&Q and Screwfix, was identical.

In Great Britain and in Ireland, Kingfisher increased sales by 3.7 per cent. The growth rate for both distribution channels, B&Q and Screwfix, was identical.

The British Kingfisher Group ended the first six months (ended 31 July 2020) of fiscal 2020/2021 with a small drop in sales. Overall sales fell by 1.3 per cent to GBP 5.921 bn (EUR 6.456 bn). Adjusted for currency fluctuations, the decline was 1.1 per cent, while like-for-like sales fell by 1.6 per cent. The trend in France was primarily responsible for the downturn.

In its home market in Great Britain and in Ireland, however, the DIY retailer increased sales by 3.7 per cent (like-for-like: 2.4 per cent) to GBP 2.753 bn (EUR 3.002 bn). The growth rate for both distribution channels, B&Q and Screwfix, was identical. This was although Screwfix recorded a slight decline of 1.1 per cent in like-for-like sales for the first time, while B&Q grew its same-store sales by 4.1 per cent.

Sales in France declined by 6.1 per cent (-7.0 per cent with adjustment for currency fluctuations, -5.9 per cent like-for-like) to GBP 2.028 bn (EUR 2.211 bn). Here Covid-19 caused a dramatic collapse of 41.5 per cent in same-store sales in the first quarter and a frantic race to catch up in the second quarter with a like-for-like increase of 27.0 per cent. In a comparison of distribution channels, Castorama performed more poorly at -8.7 per cent (like-for-like -7.4 per cent) than Brico Dépôt at -5.1 per cent (-4.3 per cent).

The group's four other overseas operations painted a mixed picture.

Poland: GBP 783 mio (EUR 854 mio, +3.9 per cent, +6.8 per cent, +3.5 per cent)
Spain and Portugal: GBP 138 mio (EUR 150 mio, -21.5 per cent, -22.3 per cent, -22.3 per cent)
Romania: GBP 107 mio (EUR 117 mio, +10.9 per cent, +11.7 per cent, +9.2 per cent)
Russia: GBP 112 mio (EUR 122 mio, -27.0 per cent, -21.7 per cent, -17.5 per cent)

|23 September 2020 | 14:27

SEND
 PRINT 

Post a comment

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



(will not be published)

* obligatory fields


Latest news

Swimming pool market in Austria grows by 22 per cent

The demand for swimming pools in Austria grew this year by 22 per cent compared to the previous year. Growths were achieved in particular by the View news...

Service robots grew globally by over 30 per cent in 2019

The sales value of professional service robots rose globally in the year 2019 by 32 per cent to USD 11.2 bn (EUR 9.53 bn). This has been reported by View news...

Double trade fair with Hardware Forum Italy and Bricoday

After the Hardware Forum Italy, organised by Koelnmesse Italy, was postponed from September 2020 to the coming year, the precise date has now been View news...

More homemovers in the UK

The number of homemovers in the UK is set to reach its highest level for over a decade reveals the latest Property & Homemovers report from data View news...

DIY International | Service

DIY International Corona special

The Coronavirus crisis and the DIY industry

All news, reports and information from the DIY International editorial team in connection with the corona epidemic at a glance. The pages are constantly updated. As the situation changes very quickly, please note the date and time of the respective publication.

CORONA special

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!