Companies
B&Q owner Kingfisher reports 25 per cent drop in profits
The company reported sales of £12.9 billion in 2023, and pre-tax profit of £568 million
Kingfisher, which owns the B&Q, Screwfix, and Castorama DIY chains, has reported adjusted pre-tax profit of £568 million for 2023, a 25 per cent fall on the prior year.
The company also warned that it was “cautious on overall market outlook” given lag between “housing demand and home improvement demand”.
Sales at the company were £12.9 billion last year, down 0.6 per cent on 2022, according to annual results.
Sales in Britain and Ireland were ...
