News | British group

Back

Kingfisher loses sales of 1.3 per cent in the first half of the year

Sales of the B&Q stores fell by 6.3 per cent in the first half of Kingfisher's financial year 2017/2018.

Sales of the B&Q stores fell by 6.3 per cent in the first half of Kingfisher's financial year 2017/2018.

The British Kingfisher group has closed the first half of its financial year 2017/2018 (ending 31 July 2017) with a decline in sales. On the one hand, sales increased nominally by 4.5 per cent to GBP 6.008 bn. However after adjusting for currency effects, it lay at 1.3 per cent below the corresponding previous year's level; the same applies for like-for-like.

The main reason was declines in the most important markets. In Great Britain and Ireland, the sales drop of currency-adjusted 0.4 per cent only turned out so moderately because the Screwfix sales channel still grew in double-digits (18.7 per cent to GBP 727 mio). In contrast, B&Q lost 6.3 per cent (like-for-like -2.3 per cent) with a volume of GBP 1.875 bn.

In France, sales by the Castorama stores fell by 3.1 per cent to GBP 1.255 bn (like-for-like -3.5 per cent). Brico Dépôt made 5.4 per cent less sales with GBP 1.018 bn than the corresponding previous year's level (like-for-like -5.9 per cent).

Kingfisher still reports growth from Poland where the Castorama and Brico Dépôt stores made sales of GBP 694 mio, thus 5.7 per cent more (like-for-like +3.8 per cent). Castorama remained 4.6 per cent behind the previous year's value with GBP 196 mio (like-for-like -9.1 per cent), Brico Dépôt Spain missed the previous year's value by 4.9 per cent with GBP 169 mio (like-for-like -3.2 per cent). The half-year report doesn't show sales for the relatively young activities in Romania, Portugal and Germany, but a joint loss of returns of GBP 10 mio.

In the report, Kingfisher stresses the progress which has been made in the "One Kingfisher" five year plan. It states that the standardised assortment with new product ranges have been well received by customers. The number of suppliers and SKUs are to be reduced by around 80 per cent by the end of the year.

|21 September 2017


SEND
 PRINT 

Post a comment

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



(will not be published)

* obligatory fields


Latest news

Byggmax opens new store in Malung

Byggmax has opened a new store in Malung. The new store is located at Västra Industrigatan 14. Byggmax sells construction materials such as lumber, View news...

Hellweg and Toom Baumarkt resurrect the DIY Union

Hellweg Die Profi-Baumärkte GmbH & Co. KG and Toom Baumarkt GmbH are resurrecting their collaboration in the DIY Union procurement company, which View news...

New managing director at Velux

Jacob Madsen is the new managing director of Velux Deutschland GmbH. He thus succeeds Felix Egger, who has occupied the position on a provisional View news...

Lowe reorganises management structure

Lowe's Companies, Inc. (NYSE: LOW) has simplified its management structure and reorganised the distribution of responsibilities. The aim of the 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

Arexons

Arexons

Almost 80 years of proven experience

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