Q3 Trading Update

Kingfisher PLC
29 November 2007

EMBARGOED UNTIL 0700 HOURS

Thursday 29 November 2007





                                 Kingfisher plc
            Q3 trading update for the 13 weeks ended 3 November 2007





Group Financial Summary


                           Retail                                                   Retail
                        Sales (1)                                               Profit (2)
                                         % Total         % Total        % LFL                    % Total        % Total
                          2007/08         Change          Change       Change      2007/08        Change         Change
                               £m     (Reported)       (Constant                        £m    (Reported)      (Constant
                                                       currency)                                              currency)
UK (3)                    1,085.4           3.5%            3.5%       (0.5)%         45.3       (11.9)%        (11.9)%
           France (4)       856.1           7.2%            5.6%         2.3%         89.3         16.6%          15.5%
   Rest of Europe (5)       345.0          22.9%           18.6%        10.1%         41.7          0.7%         (2.1)%
             Asia (6)       122.7           6.1%            8.6%         0.4%        (4.6)           n/a            n/a
International             1,323.8          10.8%            9.0%         4.1%        126.4          3.9%           2.3%
Total                     2,409.2           7.4%            6.4%         1.9%        171.7        (0.8)%         (1.9)%



(1)     Joint Venture (JV) and Associate sales are not consolidated.
(2)     Retail profit is stated before central costs, exceptional items,
        acquisition intangibles amortisation and share of joint venture and 
        associate interest and tax.
(3)     B&Q, Screwfix and Trade Depot.
(4)     Castorama and Brico Depot.
(5)     Rest of Europe includes Poland, Italy, Spain, Ireland, Russia, Turkey JV
        and Hornbach in Germany.
(6)     Asia includes China, South Korea and Taiwan JV.



•       Group sales up 6.4% (LFL+1.9%), retail profit down 1.9%;
•       B&Q UK sales up 0.8% (LFL -0.2%). B&Q's renewal programme gathered pace, 
        a further eight large stores were revamped and new decorative ranges 
        successfully launched. Profits were down reflecting higher revamp
        activity and an accelerated pace of range renewal;
•       French sales up 5.6% (LFL +2.3%), profits ahead 15.5% as gross margins 
        benefited from higher sales of own brands;
•       Rest of Europe sales up 18.6% (LFL+10.1%), another strong performance in 
        Poland;
•       Asia sales up 8.6% (LFL +0.4%), a slowdown of new apartment sales in the 
        major Chinese markets impacted B&Q's installation sales. Losses reflect
        the regulatory changes highlighted at the interims;
•       Net debt at 3 November 2007 of £1.4 billion (3 February 2007: £1.3 
        billion);
•       Net assets at 3 November 2007 of £4.6 billion (3 February 2007: £4.4 
        billion).



Peter Jackson, Group Chairman, said:



'In aggregate our international businesses, which account for more than half of
Kingfisher's sales, again delivered positive sales and profit growth driven by
particularly good performances in France and Poland.



'In the UK, where consumer demand is widely anticipated to soften further over
the coming months, B&Q's renewal is progressing well, with the new ranges and
revamped stores showing that a compelling offer in the right store environment
will continue to attract customers.'



UK




Retail sales £m                                    2007/08             2006/07              Reported              % LFL
                                                                                            % Change             Change
UK                                                 1,085.4             1,049.2                  3.5%             (0.5)%


Retail profit £m                           2007/08         2006/07           Reported
                                                                             % Change
UK                                            45.3            51.4            (11.9)%



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



Due to the 53rd week in UK reporting for 2006/07, the Reported Change % above
compares 13 weeks ended 3 November 2007 with 13 weeks ended 28 October 2006 as
reported in 2006/07.  On this basis B&Q LFL was -0.7%.
However, for better alignment, the actual reported change in LFL sales of -0.2%
compares 13 weeks ended 3 November 2007 to 13 weeks ended 4 November 2006.



B&Q aims to grow its share of home improvement expenditure by strengthening its
appeal to both the Do-It-Yourself (DIY) and Do-it-For-Me (DFM) customer. During
Q3 B&Q progressed with its renewal programme, which includes improving its store
environments, updating product ranges and introducing more services, supported
by a major new advertising campaign which has been well received.



Total sales increased 0.8% to £961.9 million (-0.2% LFL). Good sales growth from
revamped large stores and new ranges helped offset disruption from the ongoing
renewal activity.



Results from the new format large stores continued to be encouraging and a
further eight large stores were revamped in Q3 taking the total trading in the
new format to 31. The net impact, after the benefit from improved trading from
stores revamped earlier in the year, was £2 million in the quarter. In addition,
six medium stores were revamped and one large store was downsized. B&Q now has
116 large stores (31 in the modern format) and 208 medium stores (of which 142
have been modernised).



Recently updated decorative ranges performed well and activity to update
building, hardware, bedroom and flooring ranges accelerated in Q3, with
clearance activity impacting margins by £12 million. B&Q has now updated around
45% of its ranges so far this year and is on track to achieve its target of 60%
by the end of the year.



Retail profit was £37.8 million (2006/07: £46.6 million) after the £14 million
renewal costs mentioned above. The underlying gross margin percentage before
clearance activity was flat. Costs were only slightly up, with cost savings
offsetting inflation, new space and additional large store revamp activity. For
the full year, costs are now expected to increase by 4%, down from previous
estimates of 6%.



Screwfix sales grew 28.1% to £117.1 million, driven by increased customer
numbers and higher average order values compared to last year. These were driven
by an expanded catalogue and the continued roll-out of the new trade counters,
providing customers with immediate product availability. An additional 12
outlets opened during the quarter, taking the total to 80. A further 13 are
planned in Q4. Retail profit increased 30.8%, reflecting the increased sales and
distribution productivity gains offset by trade counter opening costs. The
second distribution centre, commissioned to support the trade counter roll-out,
remains on target to be fully operational by the end of the year.


FRANCE




Retail sales £m                            2007/08         2006/07           % Change           % Change          % LFL
                                                                           (Reported)         (Constant)         Change
France                                       856.1           798.3               7.2%               5.6%           2.3%


Retail profit £m                           2007/08         2006/07           % Change           % Change
                                                                           (Reported)         (Constant)
France                                        89.3            76.6              16.6%              15.5%



France includes Castorama and Brico Depot.
2007/08 £1 =1.4705 euro (2006/07 £1 = 1.4642 euro)
All percentage movements below are in constant currencies.



In France, Kingfisher's total sales grew 5.6% to £856.1 million (+2.3% LFL).
Banque de France data shows that growth in comparable DIY store sales* was
around 2.8%, and on this same basis Kingfisher's businesses delivered comparable
sales growth of 2.9%.



Retail profit of £89.3 million grew 15.5% compared to the same period last year,
with both businesses delivering profit growth. Gross margins were up 90 basis
points due to higher own-brand sales penetration and an improved sales mix
across both businesses.



*Banque de France data including relocated and extended stores



Castorama total reported sales grew by 3.8% to £450.5 million (+4.8% LFL, +5.7%
on a comparable store basis) with bathroom, flooring and decorative ranges
performing well. One more store was revamped during the third quarter,
completing the revitalisation programme for the year. Stores trading in the new
format, representing 42% of total selling space, continue to outperform.



Brico Depot sales grew 7.6% to £405.6 million (-0.3% LFL), reflecting growth in
store numbers, offset by internal cannibalisation of around 2% following the
opening of new stores over the last 12 months in catchments where existing
stores were trading at full capacity. One new store opened during Q3, completing
the opening programme for the year.


REST OF EUROPE




Retail sales £m                         2007/08         2006/07             % Change            % Change          % LFL
                                                                          (Reported)          (Constant)         Change
Rest of Europe                            345.0           280.7                22.9%               18.6%          10.1%


Retail profit £m                        2007/08         2006/07            % Change            % Change
                                                                         (Reported)          (Constant)
Rest of Europe                             41.7            41.4                0.7%              (2.1)%



Rest of Europe includes Poland, Italy, Spain, Ireland, Russia, Turkey JV and
Hornbach in Germany.
Joint Venture and Associate sales are not consolidated.
All percentage movements below are in constant currencies.



Rest of Europe sales increased 18.6% to £345.0 million (+10.1% LFL) with 13 more
stores trading compared to the same quarter last year. Retail profit was £41.7
million, reflecting continued strong growth in Poland and Turkey offset by £2
million of higher pre-opening costs, and weaker performances from Castorama
Italy and Hornbach (21% economic interest) in a difficult German market.



Sales for Castorama and Brico Depot in Poland were up 24.5% to £194.1 million
(+18.3% LFL), boosted by strong consumer spending in a buoyant construction
market.  Castorama Italy sales declined 3.4% to £83.0 million (-3.5% LFL) in a
retail market that continues to be generally weak.



Trading at Brico Depot Spain and Castorama Russia continued to be encouraging
and Koctas in Turkey, a 50% joint venture, continued to perform well.



During Q3, four stores opened, including two in Poland (one Brico Depot), one in
Ireland and one in Italy. A further eight stores are planned for Q4.



ASIA




Retail sales £m                         2007/08         2006/07             % Change            % Change          % LFL
                                                                          (Reported)          (Constant)         Change
Asia                                      122.7           115.6                 6.1%                8.6%           0.4%


Retail profit £m                        2007/08         2006/07            % Change            % Change
                                                                         (Reported)          (Constant)
Asia                                      (4.6)             3.6                 n/a                 n/a



Asia includes China, South Korea and Taiwan JV (sales not consolidated).
All percentage movements below are in constant currencies.



Asia sales increased 8.6% (+0.4% LFL) to £122.7 million.



B&Q China sales growth of 10.5% was driven by six new stores trading compared to
the same period last year and LFL growth of +0.4%, impacted by a slowdown of new
apartment sales in the major Chinese markets. Losses of £4.0 million reflect the
lower sales growth and the impact from new regulations covering trading terms
between retailers and suppliers highlighted at the interims. One new store
opened during Q3 taking the total to 60 with a further two planned for Q4.


B&Q Taiwan, a 50% joint venture, delivered a small profit and, as previously
announced, the exit from South Korea was completed in the quarter. The two
stores have now closed.





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



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



Company Profile



Kingfisher plc is Europe's leading home improvement retail group and the third
largest in the world, with over 775 stores in 10 countries in Europe and Asia.
Its main retail brands are B&Q, Castorama, Brico Depot and Screwfix.  Kingfisher
also has a 21% interest in, and strategic alliance with, Hornbach, Germany's
leading large format DIY retailer, with over 120 stores in Germany and eight
other European countries.


DATA BY COUNTRY as at 3 November 2007


                                                      Store numbers                Selling space              Employees
                                                                                    (000s sq.m.)                  (FTE)
B&Q                                                             324                        2,358                 26,589
UK Trade                                                         86                           26                  2,312
Total UK                                                        410                        2,384                 28,901
Castorama                                                        98                          972                 12,157
Brico Depot                                                      89                          477                  6,438
Total France                                                    187                        1,449                 18,595
Poland                                                           39                          316                  7,318
Italy                                                            28                          173                  2,115
Ireland                                                           8                           51                    573
Spain                                                            10                           51                    641
Russia                                                            4                           37                  1,254
Turkey JV                                                        12                           67                  1,549
Total Rest of Europe                                            101                          695                 13,450
China                                                            60                          566                 10,017
Taiwan JV                                                        21                           97                  1,854
Total Asia                                                       81                          663                 11,871
Total                                                           779                        5,191                 72,817





NINE MONTHS - 39 weeks to 3 November 2007


                         Retail Sales £m (1)        % Total         % LFL      Retail Profit £m (2)       % Total
                        2007/08      2006/07         Change         Change    2007/08         2006/07      Change
                                                   (Reported)                                            (Reported)
UK (3)                  3,406.4         3,218.9       5.8%           1.1%        130.3       141.9         (8.2)%
France (4)              2,470.5         2,295.3       7.6%           3.1%        194.0       172.1         12.7%
Rest of Europe (5)
                         957.6            754.1      27.0%          14.6%        103.1       93.5          10.3%
Asia (6)                 349.8            324.6       7.8%           2.8%       (15.6)       (3.0)          n/a
Total                   7,184.3         6,592.9       9.0%           3.5%        411.8       404.5          1.8%



(1)     Joint Venture (JV) and Associate sales are not consolidated.
(2)     Retail profit is stated before central costs, exceptional items,
        acquisition intangibles amortisation and share of joint venture and 
        associate interest and tax.
(3)     B&Q, Screwfix and Trade Depot.
(4)     Castorama and Brico Depot.
(5)     Rest of Europe includes Poland, Italy, Spain, Ireland, Russia, Turkey JV
        and Hornbach in Germany.
(6)     Asia includes China, South Korea and Taiwan JV.




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