Kingfisher has enjoyed a record year of revenue and profits as it gained market share in both the UK and France.
In the year to 31 January, like-for-like sales at B&Q and Screwfix rose by 12.3% and 10.9% respectively. Meanwhile sales in France, where Kingfisher operates the Castorama and Brico Dépôt brands, rose by 9.3%.
Adjusted pre-tax profit across the group increased by 20.9% in the period to reach £949 million whilst revenue grew by 6.8% to £13.2 billion.
Reporting on more current trading, Kingfisher said first quarter like-for-like sales to 19 March were down by 8.1%, reflecting very strong comparatives in the prior year. However, sales were up 16% when compared to the corresponding period two years ago. The group said it has seen resilient demand across all markets which has been supported by good stock availability. It has also benefited from strong demand for big ticket items.
