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Kingfisher sales down four per cent on same retail area

In the first quarter, B&Q saw sales fall by 8.8 per cent.

In the first quarter, B&Q saw sales fall by 8.8 per cent.

The first quarter (ended 30 April 2018) for the British Kingfisher Group was characterised by downturns in virtually all distribution channels and countries, attributable largely to the poor weather. Overall group sales between February and April amounted to GBP 2.825 bn (EUR 3.221 bn), thus 1.2 per cent down on the same quarter in the previous year. Adjusted for currency effects, however, the figure was 2.5 per cent lower, and 4.0 per cent down when adjusted for currency and retail area.

In Great Britain and Ireland, the principal distribution line B&Q saw sales fall by 8.8 per cent (adjusted for currency and sales area: -9.0 per cent) to GBP 828 mio (EUR 944 mio). Only Screwfix showed growth here, by 3.6 per cent to GBP 395 mio (EUR 450 mio).

The best-performing line in France was Brico Dépôt with an increase in sales of 4.4 per cent (still +0.8 per cent after adjustment) to GBP 520 mio (EUR 593 mio). On the other hand, Castorama experienced a 5.6 per cent decline (adjusted figure: -8.0 per cent) to GBP 554 mio (EUR 632 mio).

Poland exhibited an upbeat trend, with sales up by 8.0 per cent (adjusted +1.8 per cent) to GBP 338 mio (EUR 385 mio), as did Romania with growth of 84.5 per cent (adjusted +1.6 per cent) to GBP 37 mio (EUR 42 mio).

Sales were down substantially in Russia, falling by 20.2 per cent (adjusted -6.5 per cent) to GBP 68 mio (EUR 78 mio). In Spain and Portugal the decline was 3.0 per cent (adjusted: -5.6 per cent) to GBP 82 mio (EUR 94 mio).

Kingfisher published figures for Screwfix in Germany for the first time. In the first quarter of the fiscal year (February to April) the 19 German stores belonging to the distribution line, which enjoys considerable success in Great Britain, transacted sales to the value of GBP 3 mio. This was 21.1 per cent up on the previous year and 17.9 per cent when adjusted for currency effects. Adjusted for both currency and retail area the increase was 18.6 per cent.

|25 May 2018


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