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Kingfisher only publishes unaudited figures

Kingfisher's B&Q stores lost sales in the last financial year.

Kingfisher's B&Q stores lost sales in the last financial year.

On account of the coronavirus situation, Kingfisher has put back the publication of its sales figures scheduled for yesterday, 24 March 2020, by two weeks; this was in response to a request by the Financial Conduct Authority addressed to the country's listed companies. Kingfisher has released unaudited figures, however, indicating that the company's total sales in fiscal 2019/2020 (ended 31 January 2020) came to GBP 11.513 bn. This equates to a drop of 1.5 per cent from the previous year and 0.8 per cent less in constant currency. The fall in like-for-like sales and in constant currency is also 1.5 per cent.

The British group achieved a sales increase of 1.0 per cent in Great Britain and Ireland, but only thanks to growth of nearly ten per cent by Screwfix, as sales at B&Q shrank. In France, Castorama and Brico Dépôt jointly saw their sales fall by 3.2 per cent (both adjusted for currency and for currency and sales area). An increase in sales was recorded in Poland and Romania.

|25 March 2020 | 12:14


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