Kingfisher profits and sales soar off back of strong Covid trading

By Hugh Radojev2021-03-22T07:10:00

Home and DIY giant Kingfisher has reported soaring profits and sales in the last year, with chief executive Thierry Garnier confident of its “continued outperformance” of the market.

For the year ended January 31, 2021, Kingfisher reported that adjusted pre-tax profits were up 44.4% to £786m, while sales ballooned 7.2% to £12.3bn.

In the UK and Ireland, like-for-like sales at B&Q for the year finished 10.7% up. Screwfix reported a 6.6% increase in like-for-like sales for the period.

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