Screwfix reports 23.3% growth in sales

Kingfisher has reported its latest interim results covering the 26 weeks ended 2 August 2014.

Screwfix total sales grew by 23.3% (+11.9% LFL, +15.9% 2 year LFL) to £386 million, benefiting from a strong promotional programme, the continued roll out of new outlets and the continued success of the mobile ‘Click, Pay & Collect’ offer. Twenty-four net new outlets were opened, taking the total to 359.

The UK market for the smaller tradesman was up around 7%, calculated by Kingfisher and based on year on year movement of a weighted average incorporating 70% trade (using the most recent public data available for the big trade merchants as a proxy) and 30% DIY (using the UK RMI (Repairs, Maintenance & Improvement) GfK large chain (shed) data).

Source : Kingfisher
www.kingfisher.com