International DIY News
Strong Q1 Sales At Kingfisher Romania
Kingfisher has published its unaudited Q1 24/25 trading update, advising of sales of £3.3bn with total sales +0.3% (constant currency) and -0.3% (reported). Group like-for-like sales were -0.9% including a +1.9% calendar impact (of which +1.1% relates to the leap year).
Click here to view a summary of the Group results
Click here to view UK & Ireland results
Click here to view France results
OTHER INTERNATIONAL
- Poland sales +3.1%. LFL +0.4%, supported by an improved consumer environment, and strong progress with initiatives to boost trade sales. Compared to Q4 23/24, Castorama saw improved LFL sales trends across its core and ‘big-ticket’ categories, with building & joinery, kitchen and tools & hardware all performing well. Sales of seasonal categories were positive, supported by successful range reviews. Castorama performed broadly in line with the market in the quarter (as measured by GfK). The business opened one bigbox and one ‘Castorama Smart’ store in Q1, and is on track with its target of five store openings in this financial year. Castorama continues to see strong results from its trade customer initiatives, with c.100k sign-ups to the ‘CastoPro’ loyalty programme following its roll-out to all stores in February.
- Iberia sales +1.9%. LFL +1.9%, with good performance seen in the building & joinery, bathroom & storage and kitchen categories. Sales growth in seasonal categories were impacted by positive prior year comparatives.
- Romania sales +12.3%. LFL +14.7%, reflecting a strong performance in its outdoor, building & joinery and surfaces & décors categories.
- Other consists of the consolidated sales of Screwfix International, NeedHelp, and from franchise and wholesale agreements. While these businesses are in their early investment phase, we continue to be encouraged by the results we have seen to date. Screwfix opened three stores in France in the quarter, with a total of 23 stores in operation as of 30 April 2024. The business continues to grow its customer base and retention rates, as well as increasing brand awareness both locally and nationally.
Unaudited Q1 24/25 sales (three months ended 30 April 2024)
| Sales 2024/25 | % Total Change | % Total Change | % LFL Change(8) |
| £m | Reported | Constant currency | Constant currency |
UK & Ireland | 1,631 | +2.6% | +2.7% | +1.2% |
- B&Q | 983 | +0.3% | +0.4% | +0.4% |
- Screwfix | 648 | +6.3% | +6.4% | +2.4% |
France | 1,026 | (8.1)% | (5.1)% | (5.3)% |
- Castorama | 529 | (8.4)% | (5.5)% | (5.5)% |
- Brico Dépôt | 497 | (7.7)% | (4.7)% | (5.2)% |
Other International | 605 | +7.0% | +3.9% | +2.0% |
- Poland | 445 | +8.6% | +3.1% | +0.4% |
- Iberia(9) | 93 | (1.3)% | +1.9% | +1.9% |
- Romania | 63 | +7.7% | +12.3% | +14.7% |
- Other(10) | 4 | n/a | n/a | n/a |
Total Group | 3,262 | (0.3)% | +0.3% | (0.9)% |
Source : Insight DIY and Kingfisher plc
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