23rd Jul 2015 06:38
LONDON (Alliance News) - Kingfisher PLC Thursday reported a rise in sales on a constant currency basis in the second quarter of its financial year, as it demonstrated growth in each of the regions it operates in and as it continues with its strategy to create a unified 'ONE' Kingfisher.
The FTSE 100-listed DIY retailer, which owns brands including B&Q, Screwfix and Castorama, said that total sales in the 10 weeks to July 11 grew 4.8% on a constant currency basis, while like-for-like revenue rose 3.5%.
Regionally, the UK and Ireland demonstrated the strongest growth with total sales up 6.7%, while France grew 2.6% and Other International, comprising Russia and Poland, grew 4.3%.
"We have delivered a solid second quarter sales performance to date across all our major businesses, albeit against softer comparatives than in first quarter. I am also very pleased to report that the pilot of our unified IT system, which is a key enabler of our 'ONE' Kingfisher plan, started on time in Ireland. We look forward to updating on further progress against our first 'sharp' decisions in September. And we have to date returned GBP138 million to shareholders via a share buy back since the year end," Chief Executive Véronique Laury said in a statement.
By Karolina Kaminska; [email protected] @KarolinaAllNews
Copyright 2015 Alliance News Limited. All Rights Reserved.
Related Shares:
Kingfisher