B&Q see weak UK market but international growth for Kingfisher

B&Q owner Kingfisher saw like-for-like sales fall 0.3 per cent over the fourth quarter. But Kingfisher said full-year profits would be up 20 per cent at £660m-£670m.

B&Q sales in the UK increased 0.1 per cent in the 13 weeks to January 29 to £954m, with sales struggling because of snowy weather and the poor housing market. 

In France, total sales rose three per cent to £896m in the same period.

Chief Executive Ian Cheshire said:

"I'm expecting a difficult general market in the first six months with some improvement after that. We are not assuming any help from a buoyant market in the UK. It's more about trying to gain market share than expecting the market to be in recovery."

He added: "Our international businesses delivered strong growth, more than offsetting some weather disruption and a weak market in the UK and Ireland."


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