3rd Quarter Sales Figures
Kingfisher PLC
21 November 2000
Trading statement for 13 week period ending 28 October 2000
KINGFISHER REPORTS SALES GROWTH OF 12.5%
Kingfisher plc, the European retail Group, today reports that total sales grew
during the third quarter by 12.5 % to a record £2.92 billion.
Like-for-like sales increased by 3.8% for the quarter. In local currency terms,
the Groups total sales were ahead by 15.4%.
For the year to date total sales were up 12.0% (15.6% adjusting for currency)
and like-for-like sales were ahead by 5.6%.
The Groups three sectors all showed increased total sales with a particularly
strong performance in DIY. This performance was boosted by the continued roll
out of B&Q Warehouse along with strong growth from international operations.
Electrical achieved growth of just over 9% boosted by continued strength
from Comet and BUT. General Merchandise grew sales by over 6% with strong
performances by Super drug and the new formats (Big W and Woolworth General
Store) offsetting the slower rate of growth at Woolworth.
Like-for-like sales were ahead by nearly 5% in both DIY and Electrical.
Darts in particular performed strongly, delivering like-for-like growth of
over 10%. General Merchandise grew by over 1%, reflecting continued tough
market conditions.
Commenting on the sales figures, Sir Geoffrey , Chief Executive, said:
'Overall, these are encouraging sales figures achieved in a highly
competitive environment.' He added: 'We are now entering a key time and our
businesses are focused on delivering success throughout the Christmas trading
period, which, as ever, will have an important impact on the years
performance.'
For further information
Media Inquiries
John Eyrie, Director of Corporate + 44 (0) 20 7725 5714
Affairs
Gail Lavielle , Director of Corporate + 33 1 43 18 52 68
Communications
Broker and Institutional Inquiries
Andrew Mills, Director of Investor + 44 (0) 20 7725 5776
Relations
Graham Fair bank, Head of Corporate + 33 1 43 18 52 26
Communications
Kingfisher plc + 44 (0) 20 7724 7749
Kingfisher Web site wow.kingfisher.co.auk
QUARTER 3 TRADING STATEMENT
Third quarter 2000/01
Sales for the 13 Week Period ended 28 October 2000
2000 / 01 1999 / 00 %
increase/(decrease)
All Like-for-
stores like
£mm Euro mm £ mm Euro mm % %
UK (2) 660.8 1,086.2 578.9 874.4 14.1 5.6
France (3) 451.2 741.7 448.8 677.9 0.5 4.6
International (4) 257.4 423.0 129.9 196.2 98.2 1.8
DIY sector 1,369.4 2,250.9 1,157.6 1,748.5 18.3 4.8
Darts 295.0 484.8 285.3 431.0 3.4 10.4
Comet 265.9 437.1 240.1 362.7 10.7 2.3
ProMarkt (5) 142.5 234.1 133.6 201.8 6.7 (6.8)
BUT (6) 84.9 139.5 60.2 91.0 40.9 2.1
Other (7) 48.7 80.0 47.1 71.1 3.4 14.0
Electrical sector 836.9 1,375.5 766.4 1,157.7 9.2 4.6
Woolworth 384.3 631.7 380.6 574.9 1.0 (1.0)
Super drug 216.6 356.0 200.6 303.0 8.0 5.0
Other (8) 108.2 177.9 86.7 131.0 24.8 5.7
General 709.1 1,165.6 667.9 1,008.9 6.2 1.2
Merchandise
sector
Total Group 2,915.4(1) 4,792.0 2,591.9 3,915.0 12.5 3.8
Local Currency
DIY France (FFRm) 4,839.6 4,523.3 7.0
Darts (FFRm) 3,204.4 2,871.3 11.6
Promarkt (DEMm) 454.2 399.1 13.8
BUT (FFRm) 923.7 608.2 51.9
The like-for-like increases are shown at constant exchange rates
Euro comparisons are at a constant exchange rate (£1 = Euro 1.6437)
Notes
(1) Total store sales growth was £66.4m lower as a result of translation
into sterling of which £34.1m related to DIY and £32.3m to Electrical.
(2) Includes B&Q Warehouse and Supercentre and Screwfix.
(3) Relates to domestic French operations only (Castorama France, Brico Depot
France, Dubois Materiaux and Amiland).
(4) Includes all DIY activities outside France and the UK.
(5) 1999/00 includes 3 months to 30 September 1999 and 2000/01 includes 3
months to 30 September 2000.
(6) 1999/00 includes 3 months to 30 September 1999 and 2000/01 includes 3
months to 31 October 2000.
(7) Comprises BCC, New Vanden Borre and Electric City.
(8) Includes Big W, Woolworth General Store, Entertainment UK, MVC and VCI
(Entertainment UK and VCI not included in the like-for-like sales
increase).
QUARTER 3 TRADING STATEMENT
Third quarter 2000/01
Sales for the 39 Week Period ended 28 October 2000
2000 / 01 1999 / 00 %
increase/(decrease)
All Like-for-
stores like
£mm Euro mm £ mm Euro mm % %
UK (2) 2,081.2 3,420.9 1,748.1 2,640.5 19.1 7.3
France (3) 1,319.9 2,169.6 1,348.4 2,036.8 (2.1) 4.2
International(4) 559.6 919.7 371.3 560.8 50.7 4.8
DIY sector 3,960.7 6,510.2 3,467.8 5,238.1 14.2 5.8
Darts 832.5 1,368.4 785.5 1,186.5 6.0 13.2
Comet 721.4 1,185.7 620.2 936.8 16.3 8.6
ProMarkt (5) 407.4 669.7 347.4 524.7 17.3 (2.0)
BUT (6) 231.6 380.7 197.7 298.6 17.1 3.0
Other (7) 146.7 241.2 127.3 192.3 15.2 9.7
Electrical 2,339.6 3,845.7 2,078.1 3,138.9 12.6 8.4
sector
Woolworth 1,121.1 1,842.8 1,080.6 1,632.2 3.7 1.7
Super drug 620.7 1,020.2 595.3 899.2 4.3 2.1
Other (8) 287.0 471.7 214.3 323.7 33.9 6.9
General 2,028.8 3,334.7 1,890.2 2,855.1 7.3 2.0
Merchandise
sector
Total Group 8,329.1(1) 13,690.6 7,436.1 11,232.1 12.0 5.6
Local Currency
DIY France
(FFRm) 14,156.8 13,413.1 5.5
Darts (FFRm) 8,954.9 7,813.2 14.6
Promarkt (DEMm) 1,310.9 1,020.2 28.5
BUT (FFRm) 2,496.1 1,966.7 26.9
The like-for-like increases are shown at constant exchange rates
Euro comparisons are at a constant exchange rate (£1 = Euro 1.6437)
Notes
(1) Total store sales growth was £228.5m lower as a result of translation
into sterling of which £122.5m related to DIY and £106.0m related to
Electrical.
(2) Includes B&Q Warehouse and Supercentre and Screwfix.
(3) Relates to domestic French operations only (Castorama France, Brico Depot
France, Dubois Materiaux and Amiland).
(4) Includes all DIY activities outside France and the UK.
(5) 1999/00 includes 9 months to 30 September 1999 and 2000/01 includes 9
months to 30 September 2000.
(6) 1999/00 includes 9 months to 30 September 1999 and 2000/01 includes 9
months to 31 October 2000.
(7) Other Electrical comprises BCC, New Vanden Borre and Electric City.
(8) Includes Big W, Woolworth General Store, Entertainment UK, MVC and VCI
(Entertainment UK and VCI not included in the like-for-like increase).