Kingfisher: Q1 sales up 1% at £3.3bn
(CercleFinance.com) - Kingfisher today reported its results for Q1 2023-24.
The company reports sales of £3.3bn, (+0.8%, reported and -2.0% at constant currency).
LFL sales growth was -3.3% including a calendar impact of -0.5%.
Management said that it is confident in its ability to deliver above-market growth, strong cash generation and improved shareholder returns over the medium term.
It's guidance for 2024 remains unchanged. The company expects adjusted pre-tax net profit of £634m for FY23/24 - for H1 it expects adjusted pre-tax net profit of around £350m.
Copyright (c) 2023 CercleFinance.com. All rights reserved.
The company reports sales of £3.3bn, (+0.8%, reported and -2.0% at constant currency).
LFL sales growth was -3.3% including a calendar impact of -0.5%.
Management said that it is confident in its ability to deliver above-market growth, strong cash generation and improved shareholder returns over the medium term.
It's guidance for 2024 remains unchanged. The company expects adjusted pre-tax net profit of £634m for FY23/24 - for H1 it expects adjusted pre-tax net profit of around £350m.
Copyright (c) 2023 CercleFinance.com. All rights reserved.