Kingfisher Full-Year Report 2023
Highlights
- Total sales -1.8% and LFL -3.1%. Q4 LFL -4.3%
- Positive UK & Ireland sales, alongside consistent market share gains. France and Poland sales impacted by more challenging consumer backdrop
- Sequential quarterly improvement in volume trend in ‘core’ categories as retail price inflation tapers E-commerce sales penetration up to 17.4% (FY 22/23: 16.3%), supported by strong marketplace sales growth at B&Q
- Adjusted PBT and free cash flow delivered in line with guidance. Statutory PBT down 22.3% to £475m
- Commenced new £300m share buyback programme (c.£50m completed to date). The proposed total dividend for FY 23/24 was maintained at 12.40p per share, in line with FY 22/23