UK-based home & DIY specialist Kingfisher has delivered a slight uptick after its FY2018 figures were impacted negatively by adverse weather and a poor performance in France. The latter continued into Q1, but performance at home and elsewhere in Europe showed an improvement. In a statement, Kingfisher highlighted a new “convenience concept” to be showcased at a forthcoming innovation day event.

UK & Ireland

  • Total sales +5.0% (LFL +3.4%)
  • B&Q UK & Ireland sales +2.8%. LFL +2.8% reflecting stronger weather-related performance benefiting LFL by +c. 6%, partly offset as expected by c. 2% impact from discontinuation of showroom installation services
  • Screwfix sales up 9.6%. LFL +4.5% with 4 new outlets opened in the UK during Q1

France

  • Total sales -3.4% (LFL -3.7%)
  • Castorama sales -2.4%. LFL -2.4% with a positive start to the year, offset by transformation-related activity
  • Brico Dépôt sales -4.5%. LFL -5.1% largely reflecting the proactive reduction of low margin special promotional activity

Other International

  • Total sales in Poland +7.4%. LFL +6.2% reflecting the continued good performance of unified and unique ranges, and despite the loss of one further Sunday of trading per month
  • Total sales in Romania +10.1%. LFL +24.6% reflecting strong performance of unified and unique ranges. The integration of Praktiker has now seen all stores now rebranded as Brico Dépôt

Source: Kingfisher