Kingfisher released Q3 15 results with revenue down 2.5% to £2,651m due to adverse currency exposure, particularly for French business growth with an 8.5% impact from the euro depreciation. On a constant basis, growth was a healthy 4% (vs. 3.5% in H1 FY15 (ending in January 2016)) with the UK trending better sequentially at 5.5% vs 4.6% in H1 and also the case with France (1.5% vs 1.1% in H1). On a lfl basis, revenue was up 2.6% (vs. +2% in H1) supported by good growth in the UK & I

15 Dec 2015
Strong UK performance offsets French drag

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Strong UK performance offsets French drag
Kingfisher Plc (KGF:LON) | 313 19.1 2.0% | Mkt Cap: 5,581m
- Published:
15 Dec 2015 -
Author:
Vibha Issar -
Pages:
3 -
Kingfisher released Q3 15 results with revenue down 2.5% to £2,651m due to adverse currency exposure, particularly for French business growth with an 8.5% impact from the euro depreciation. On a constant basis, growth was a healthy 4% (vs. 3.5% in H1 FY15 (ending in January 2016)) with the UK trending better sequentially at 5.5% vs 4.6% in H1 and also the case with France (1.5% vs 1.1% in H1). On a lfl basis, revenue was up 2.6% (vs. +2% in H1) supported by good growth in the UK & I