Europe’s largest home improvement retailer has seen sales hit £3 billion, driven largely by impressive growth at its Screwfix division.
In the second quarter to July 31st, Kingfisher saw like-for-like sales rise 3% in total, with sales at in Britain and Ireland up 7.2%. This was made up of a 5.6% rise at B&Q and a rise of 13.3% at Screwfix.
However, the company said that it remained “cautious” over the impact that Brexit would cause in the short term.
Véronique Laury, CEO, said: "We have delivered another solid sales performance in Q2 driven by the UK and Poland. In the UK, the EU referendum result has created uncertainty for the economic outlook, although there has been no clear evidence of an impact on demand so far on our businesses. In France, widespread industrial action and exceptionally wet weather created a more challenging environment, after a more encouraging Q1. We remain cautious on the short-term outlook.
"In the meantime, we continue to focus on our ONE Kingfisher plan, based on always putting customer needs first. We look forward to updating you on our early progress at our half year results next month."