4th Quarter Trading Update

Kingfisher PLC
22 February 2007




EMBARGOED UNTIL 0700 HOURS

Thursday 22 February 2007



                                 Kingfisher plc

          Trading update for the fourth quarter ended 3 February 2007



Group Financial Summary


                                                                             % Total              % Total         % LFL
Retail Sales (1)                              2006/07       2005/06           Change  Change on a 13 week        Change
                                                   £m            £m       (Reported)                basis
                                                                                      (Constant Currency)

UK                                            1,042.6         922.6            13.0%                 4.4%          1.4%
France                                          659.9         607.6             8.6%                10.9%          3.8%
Rest of Europe (2)                              248.4         213.4            16.4%                17.7%          2.6%
Asia (3)                                        132.1         119.0            11.0%                16.2%          5.8%
Total                                         2,083.0       1,862.6            11.8%                 8.8%          2.5%



(1)   For the UK businesses, the fourth quarter reported total sales figures are
      for the 14 weeks ended 3 February 2007. Outside the UK, figures are on a
      calendar month basis.

(2)   Rest of Europe includes sales for Castorama Poland, Castorama Italy, Brico
      Depot Spain, B&Q Ireland and Castorama Russia. Sales from Koctas JV in 
      Turkey and Hornbach in Germany are not consolidated.

(3)   Asia includes B&Q China and B&Q Home South Korea. B&Q Taiwan JV sales are
      not consolidated.



Q4 Highlights (all figures in constant currency)



•     Group total sales up 8.8% (13 week basis), like for like sales (LFL) 
      ahead 2.5%.

•     B&Q UK total sales up 2.7% (13 week basis), up 1.3% LFL with gross margin 
      rate recovering over three percentage points.  Eleven new format stores 
      trading well, next phase of eight revamps underway.

•     Strong finish for Brico Depot (+8.5% LFL).  Mild weather impacted sales 
      at Castorama (flat LFL).  Overall gross margins in France one percentage
      point lower across the second half reflecting strong price pressure which 
      is expected to continue in 2007/08.

•     Good performance in Rest of Europe and Asia against strong comparatives.


Full Year

•     Kingfisher expects to announce on 29 March 2007 full year adjusted profit 
      before tax slightly ahead of current consensus of analyst expectations.

•     Retail profit for B&Q UK is expected to benefit from improved trading and 
      £6 million of one-off items in the fourth quarter.  Retail profit in
      France is expected to be adversely impacted by seasonal weakness at 
      Castorama and continuing price pressure affecting both businesses.

•     Net debt is expected to be around £1.3 billion, below current market 
      estimates.


Gerry Murphy, Group Chief Executive, said:

'Kingfisher delivered growth in the fourth quarter despite continuing tough
conditions in our biggest markets.  We have accelerated development activity at
B&Q UK and Castorama France and the strong momentum of our international
expansion in the Rest of Europe and Asia continues.'





UK


Q4 Retail Sales £m                       2006/07           2005/06            % Total            % Total          % LFL
                                                                               Change             Change         Change
                                                                           (14 weeks)         (13 weeks)

UK                                       1,042.6             922.6              13.0%               4.4%           1.4%



UK includes B&Q in the UK, Screwfix Direct and Trade Depot.


B&Q total reported sales were £942.2 million, up 2.7% on a 13 week basis (+1.3%
LFL), reflecting less promotional activity in the quarter than the previous
year. Building and energy efficiency products, kitchens and bathrooms benefited
from new ranges and targeted promotions. The gross margin rate improved by over
three percentage points, reflecting less stock clearance and general discount
activity compared to last year.

Results from the three large new format stores opened in summer 2006 continue to
be encouraging. The second phase of eight revamps was completed in the quarter
taking the total number of new format stores trading to 11. The next phase of
eight revamps is now underway and due for completion before Easter 2007.

Screwfix Direct total reported sales were £96.2 million, up 24.4% on a 13 week
basis. LFL sales growth was slower (+1.8%) reflecting strong growth last year
(2005/06: +37.1%) and slower trade sales in January.  Screwfix's Trade Counter
roll-out continues with eight openings during the quarter, taking the total to
38.



FRANCE


Q4 Retail sales £m                         2006/07         2005/06           % Change           % Change          % LFL
                                                                           (Reported)         (Constant)         Change

France                                       659.9           607.6               8.6%              10.9%           3.8%



2006/07 £1 =1.4720 euro 2005/06 £1 = 1.4649 euro

All percentage increases below are in constant currencies.


Total sales grew 10.9% to £659.9 million with unusually mild weather benefiting
some outdoor categories (e.g. building) but significantly reducing demand for
heating products, particularly at Castorama, France's leading retailer of
heating supplies. Continuing price pressure in the market compressed
Kingfisher's overall French gross margin rate by one percentage point across the
second half of the year compared with the same period last year. This price
pressure is expected to continue in 2007/08.

Castorama sales grew by 2.7% to £350.3 million (flat LFL).  Stores in the modern
format (representing 36% of store space) continued to perform well although the
performance of older format stores was weaker.  Sales benefited from new
decorative ranges and Castorama's range development progressed in the fourth
quarter.  In 2007/08 its store development programme will continue with six
revamps scheduled for the first quarter.  Three Castorama stores closed during
the fourth quarter ahead of their conversion to Brico Depots in 2007/08.

Brico Depot sales grew 21.9% to £309.6 million (+8.5% LFL) with eight more
stores compared with the same quarter last year, an additional catalogue and
stronger promotional activity.  The implementation of the new information
technology platform remains on track for completion in the first half of 2007/
08, and the second central distribution centre opened on schedule in southern
France during January.


REST OF EUROPE


Q4 Retail sales £m                      2006/07         2005/06             % Change            % Change          % LFL
                                                                          (Reported)          (Constant)         Change

Rest of Europe                            248.4           213.4                16.4%               17.7%           2.6%


Rest of Europe includes sales for Castorama Poland, Castorama Italy, Brico Depot
in Spain, B&Q in Ireland and Castorama Russia.  Sales from Koctas JV in Turkey
and Hornbach in Germany are not consolidated.

All percentage increases below are in constant currencies.


Rest of Europe sales increased 17.7% to £248.4 million, with 14 more stores
trading compared with the same period last year and LFL growth of 2.6% against a
very strong 2005/06 comparative in Poland.

Castorama Poland sales grew 9.6% to £129.6 million as milder weather extended
the outdoor construction season. Underlying trading was strong but LFL sales
were ahead only 0.4% compared to +31.1% in the last quarter of 2005/06, boosted
by non-recurring tax incentives to customers in that year.  One new store opened
during the quarter. Castorama Italy sales increased 9.0% (+3.8% LFL) to £69.4
million in a generally weak Italian retail market.

Underlying trading at Brico Depot Spain and Castorama Russia continues to be
strong with two new stores opening in Spain during the quarter.



ASIA


Q4 Retail sales £m                      2006/07         2005/06             % Change            % Change          % LFL
                                                                          (Reported)          (Constant)         Change

Asia                                      132.1           119.0                11.0%               16.2%           5.8%



Asia includes B&Q China and B&Q Home South Korea.  B&Q Taiwan JV sales are not
consolidated.

All percentage increases below are in constant currencies.



Asia sales increased 16.2% (+5.8% LFL) to £132.1 million.

B&Q China sales grew by 14.9% (+5.9% LFL) with 10 more stores trading compared
with the same quarter last year. Four new stores opened during the quarter,
taking the total to 58.


For the year ended 3 February 2007


Retail Sales £m (1)               2006/07       2005/06           % Change                     % Change    % LFL Change 
                                                                (Reported)              (52 week basis,
                                                                                      Constant currency)

UK                                4,261.5       4,172.0               2.1%                          0.2%         (1.8)%
France                            2,955.2       2,724.9               8.5%                          9.0%           2.0%
Rest of Europe (2)                1,002.5         795.2              26.1%                         25.0%           7.4%
Asia (3)                            456.7         318.0              43.6%                         42.2%          10.9%
Total                             8,675.9       8,010.1               8.3%                          7.4%           0.9%



(1)   For the UK businesses, the fourth quarter reported total sales figures are
for the 53 weeks ended 3 February 2007. Outside the UK, figures are on a
calendar month basis.

(2)   Rest of Europe includes sales for Castorama Poland, Castorama Italy, Brico
Depot Spain, B&Q Ireland and Castorama Russia.  Sales from Koctas JV in Turkey
and Hornbach in Germany are not consolidated.

(3)   Asia includes B&Q China and B&Q Home South Korea. B&Q Taiwan JV sales are
not consolidated.



Enquiries:


Ian Harding, Group Communications Director                       020 7644 1029

Nigel Cope, Head of Communications                               020 7644 1030

Sarah Gerrand, Head of Investor Relations                        020 7644 1032



Copies of this announcement can be downloaded from www.kingfisher.com or from:
The Company Secretary, Kingfisher plc, 3 Sheldon Square, London, W2 6PX.

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 Depot 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.



                      This information is provided by RNS
            The company news service from the London Stock Exchange