Kingfisher – Poland and Romania delivered good sales growth în Q1

In the first quarter of 2019, Kingfisher reports sales of £2.8 billion up 1.7% in constant currency, LFL(1) up 0.8%. Screwfix, Poland and Romania delivered good sales growth. Total sales in Romania grew by +10.1%.

Kingfisher

Total sales in Poland grew by +7.4%, to £347 millions. LFL +6.2% reflecting the continued good performance of unified & unique ranges and despite the loss of one further Sunday of trading per month.

Total sales in Romania grew by +10.1%, to £39 millions. LFL +24.6% reflecting strong performance of unified & unique ranges. The integration of Praktiker stores is progressing well with all stores now rebranded as Brico Dépôt.

Brico Dépôt Romania is on profit but Kingfisher is on losing in Romania because of the acquisition of Praktiker Romania from November 2017.

Brico Depôt Romania, part of Kingfisher plc, finalized the transformation of the 19 Praktiker stores in Brico Depôt at the end of march 2019, when the retailer anounnced a new brand positioning. The new Brico Depôt store network from Romania now has 34 stores in 25 cities across the country.

At this point, Brico Depôt Romania means:

<> 34 stores
<> 25 cities
<> 2,500 employees
<> 250,000 total sales area
<> 30,000 clients / day (average)

Kingfisher plc

Kingfisher are operating three DIY retail networks in Central and Eastern Europe: Castorama, in Poland, Brico Dépôt, in Romania and Koçtaş, in Turkey. Kingfisher have taken the decision, in 2018, november, to exit Russia, Spain and Portugal, to focus on markets where retailer have, or can reach, a market leading position.

Kingfisher plc is an international home improvement company with 1,331 stores in 10 countries across Europe, Russia and Turkey, supported by a team of 77,300 employees.

This article is part of the CEE DIY retail category from www.bricoretail.ro B2B publication and bring together news, in english, from Central and East Europe related with DIY and home improvement retail.

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