Kingfisher posts EUR 51.7 mln sales after first semester

Newsroom 10/09/2014 | 16:40

British DIY retailer Kingfisher posted a sales figure of GBP 42 million (EUR 51.66 million) in Romania after the first semester of fiscal year 2014/2015. Kingfisher bought 15 stores from Bricostore last year and at the end of the first quarter reported sales of GBP 16 million (EUR 19.4 million).

Bricostore units generated a total brute sales loss of GBP 6 million (EUR 7.38 million) after the first semester of the fiscal year, a number which includes costs related to refurbishing stores in the Brico Depot format.

The first two stores in the new format where launched in March and the group announced they will accelerate the process for the other 13 stores.

“Reconfiguring the first two stores generated promising results, which is why we will accelerate the process for the other 13 stores, which will be reconfigured by the start of the first quarter in fiscal year 2015/2016. The investment will have an added impact of GBP 6 million on our profit this year”, according to Kingfisher’s financial report.

Kingfisher plc is Europe’s leading home improvement retail group and the third largest in the world, according to the company. It has a network of around 1,050 stores in nine countries in Europe and Asia. Its main retail brands are B&Q, Castorama, Brico Dépôt and Screwfix.

BR Magazine | Latest Issue

Download PDF: Business Review Magazine March (II) 2024 Issue

The March (II) 2024 issue of Business Review Magazine is now available in digital format, featuring the main cover story titled “BAT DBS Romania Hub: A Vibrant New Office For An Employee-Centric
Newsroom | 27/03/2024 | 17:32
Advertisement Advertisement
Close ×

We use cookies for keeping our website reliable and secure, personalising content and ads, providing social media features and to analyse how our website is used.

Accept & continue