UK: Kingfisher publishes unaudited figures

On account of the coronavirus situation, Kingfisher has put back the publication of its sales figures scheduled for 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 £11.513 bn. This equates to a drop of 1.5% from the previous year and 0.8% less in constant currency. The British group achieved a sales increase of 1.0% in Great Britain and Ireland, but only thanks to growth of nearly 10% by Screwfix, as sales at B&Q shrank. In France, Castorama and Brico Dépôt jointly saw their sales fall by 3.2% (both adjusted for currency and for currency and sales area). An increase in sales was recorded in Poland and Romania.

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