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(will not be published)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

Siam Global consolidated earnings up 30 per cent

The Thailand-based home improvement retail chain Siam Global House Public Company Ltd. disclosed a 30.17 per cent rise in sales for the first half of View news...

Garden fair Glee moved to June from 2022 onwards

After this year's edition of the garden fair Glee, which takes place in Birmingham from 14 to 16 September, the show will be moved to new dates in View news...

Mack is new consumer director

As of 1 August 2021, the supervisory board of Tesa SE has appointed Dr Andreas Mack as consumer director. The division is being reorganised and Mack View news...

The environment and labour rights attract DIY customers

With similarly high levels of agreement of around 70 per cent, four aspects of corporate social responsibility (CSR) play an important role in the View news...