skip to main content
Find Insight DIY on
* * *

International DIY News

Kingfisher Q3: France Growth Ahead Of The Market

Castorama Bordeaux Merignac 725 x 500

Kingfisher plc has published its Q3 trading update, advising of sales of £3.2 billion; LFL(1) down 2.4% and 2-year LFL(2) up 15.0% 19 November 2021.

To view the full results, including UK and Ireland, click here.

FRANCE
Total sales -4.1% (LFL -4.3%; 2-year LFL +14.1%). France continues to grow sales ahead of the market in Q3, driven by strong performances at both banners, with an outperformance of nearly 3 percentage points on a 2-year basis. LFL sales for the home improvement market (as measured by Banque de France data(9)) in Q3 were +11.3% on a 2-year basis.

Castorama sales -6.8%. LFL -6.1% (2-year LFL +15.7%) reflecting resilient demand against the backdrop of very strong prior year comparatives.

− Strong 2-year performance in outdoor, building & joinery and kitchen categories.
− LFL sales of weather-related categories were down 6% (up 27% on a 2-year LFL basis). LFL sales of non-weather-related categories, including showroom, were down 7% (up 14% on a 2-year LFL basis).

Brico Dépôt sales -1.0%. LFL -2.3% (2-year LFL +12.4%), reflecting continued focus on strengthening its discounter credentials and differentiated ranges.

− Strong 2-year performance in building & joinery and outdoor categories.

OTHER INTERNATIONAL

Poland sales +10.0%. LFL +4.9% (2-year LFL +12.7%).

− Strong 2-year performance in all categories, in particular the new OEB kitchen range.

− LFL sales of weather-related categories were up 6% (up 19% on a 2-year LFL basis). LFL sales of non-weather-related categories, including showroom, were up 4% (up 12% on a 2-year LFL basis).

− Opened two new stores in Q3, including one medium-box and one compact store.

Iberia sales -1.9%. LFL -1.9% (2-year LFL +15.9%), with resilient demand against strong prior year comparatives.

• Romania sales +14.6%(4). LFL +17.2% (2-year LFL +29.2%) reflecting strong demand, in particular across the EPHC (electricals, plumbing, heating & cooling), outdoor and building & joinery categories. 

Source : Kingfisher

For all the very latest news and intelligence on the UK's largest home improvement and garden retailers, sign up for the Insight DIY weekly newsletter.  

 

19 November 2021

Related News

view more International DIY News
*

I find the news and articles they publish really useful and enjoy reading their views and commentary on the industry. It's the only source of quality, reliable information on our major customers and it's used regularly by myself and my team.

*
Simon Fleet - Sales & Marketing Director, Thomas Dudley Ltd
Newsletters

Don't miss out on all the latest, breaking news from the DIY industry