Kingfisher raises outlook as profits soar across Europe

B&Q

DIY giant Kingfisher has recorded rising profits as its ‘Powered by Kingfisher’ strategy drives business changes.

The retailer – which owns British businesses B&Q and Screwfix as well as Castorama and Brico Depot in mainland Europe – reported adjusted pre-tax profits were up 62% year on year to £669m in the six months to July 31.

Sales also grew 22% to £7.1bn in the same period and 23% on a like-for-like basis, driven by strong demand in the home improvement sector.

Subscription content

Please sign in now if you have a subscription or are already registered with us.

Retail Week

Register for free to continue reading

Retail-Week.com provides premium, in-depth intelligence that helps retailers judge risks, spot opportunities and identify what they need to do to win in the digital economy.

Register today for a taste of our high-quality intelligence and enjoy:

  • Two free article views per calendar month on Retail-Week.com
  • Detailed analysis of current trends and events 
  • Exclusive newsletters
  • In-depth reports, videos, interviews and much more

Discover Retail Week register now

Please note, if you have recently purchased a subscription, it may take a few minutes before your account is updated.