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International DIY News

Poor Performance Continues At Kingfisher France

Castorama 725 x 500.jpg

Kingfisher has published third-quarter trading results, covering the three months ended 31st October 2019.

Kingfisher - Other International

Sales

2019/20

% Total

Change

% Total

Change

% LFL

Change

£m

Reported

Constant currency

Constant currency

France

1,041

(6.0)%

(6.2)%

(6.1)%

- Castorama

541

(5.7)%

(6.0)%

(6.0)%

- Brico Dépôt

500

(6.2)%

(6.4)%

(6.1)%

Other International

617

(4.9)%

(5.4)%

(5.2)%

- Poland

382

(1.4)%

(0.8)%

(3.2)%

- Romania

68

(2.3)%

(0.6)%

+6.1%

- Iberia(2)

80

(7.9)%

(8.2)%

(8.2)%

- Russia

87

(14.7)%

(20.0)%

(14.2)%

France

Total sales -6.2% (LFL -6.1%).

Castorama sales -6.0% (LFL -6.0%) reflecting lower promotional activity and the impact of transformation-related activity. LFL sales of weather-related categories down 10.2%, with milder weather impacting heating sales. LFL sales of non-weather-related categories, including showroom, down 5.2%.

Brico Dépôt sales -6.4%. LFL -6.1% driven by c.-3% impact from reduction in promotional activity (“arrivages”), and milder weather.

Kingfisher expects Castorama to continue to underperform the home improvement market and for ongoing impact from a reduction in promotional activity at Brico Dépôt.

Other International

Poland

Total sales in Poland -0.8% (LFL -3.2%) impacted by the implementation of new ranges and the removal of one further Sunday of trading each month
(4). In addition, a softer market backdrop during the period impacted LFL sales by c.2%. LFL sales of weather-related categories down 2.3%. LFL sales of non-weather-related categories, including showroom, down 3.6%.

Kingfisher anticipates that Poland will continue to be affected by Sunday trading restrictions (three non-trading Sundays from January 2019, previously two; four non-trading Sundays from January 2020); and a softer overall market outlook  

Romania

Total sales in Romania -0.6% (LFL +6.1%) driven by good sales performance of Brico Dépôt stores. Total sales impacted by annualisation of clearance impacts at former Praktiker stores.

View details of B&Q and Screwfix's performance

Learn more about Kingfisher's Group results

Source : Kingfisher 

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20 November 2019

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Thank you for the excellent presentation that you gave at Woodbury Park on Thursday morning. It was very interesting and thought-provoking for our Retail members. The feedback has been excellent.

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Martin Elliott. Chief Executive - Home Hardware.
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