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CODE GB0033195214
- KGF Indice: FTSE 100
Kingfisher
plc is Europe’s leading home improvement retail group and the third largest
in the world, with over 700 stores in 11 countries in Europe and Asia.
Its main retail brands are B&Q, Castorama, Brico Dépôt
and Screwfix Direct. Kingfisher also has a 21% interest in, and strategic
alliance with, Hornbach, Germany’s leading DIY Warehouse retailer, with
over 120 stores in Germany and seven neighbouring countries
30/11/06 Kingfisher
plc Q3 trading update for the 13 weeks ended 28 October 2006
Group Financial Summary
Retail Sales (1) % Total
% LFL Retail Profit (2) % Total
2006/07 £m 2005/06
£m Change (Reported) Change 2006/07 £m 2005/06 £m Change
(Reported)
UK 1,049 1,024 2.4% - 51
53 (3.6)%
France 798 736 8.5% 1.5%
77 77 -
Rest of Europe (3) 281 220
27.4% 8.9% 41 30 39.9%
Asia (4) 116 88 31.8% 17.3%
4 (3) n/a
Total 2,244 2,068 8.5% 2.3%
173 157 10.5%
(1) Joint Venture (JV) and
Associate sales are not consolidated.
(2) Retail profit is stated
before central costs, exceptional items, acquisition intangibles amortisation
and share of joint venture and associate interest and tax.
(3) Rest of Europe includes
Castorama Poland, Castorama Italy, Brico Dépôt Spain, B&Q
Ireland, Castorama Russia, Koçtas JV in Turkey and Hornbach in Germany.
(4) Asia includes B&Q
China, B&Q Home South Korea and B&Q Taiwan JV.
· Group total sales
up 8.5%, retail profit up 10.5%;
· B&Q total sales
up 0.2% (LFL down 1.1%) in weak UK market;
· B&Q new format
Warehouse stores trading well, with eight more revamps currently underway
and around 25 more expected next year;
· French businesses
grew market share, total sales up 8.5% (LFL +1.5%);
· Rest of Europe
continued to grow strongly;
· Asia returned to
profit following integration of 2005 acquisition in China;
· Kingfisher’s 700th
store opened;
· Net debt at 28
October 2006 of £1,097 million (28 January 2006: £1,355 million).
Kingfisher
plc First quarter results for the 13 weeks ended 29 April 2006 pdf
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