Kingfisher: stock down after interim results
(CercleFinance.com) - The Kingfisher stock is down 5% in London this morning, after publishing H1 results (to end-July) that included adjusted taxable profit that is down 18% at 323 million pounds.
Revenues of the pan-European DIY chain rose by 1.2% to 6.08 billion pounds on a reported basis, although fell by 1.1% on a like-for-like basis. In particular, the group reported a 2.4% decline in France, where it operates Castorama and Brico Dépôt.
However, the group said that actions to boost its performance in France in H2 are underway, saying that it is on track to achieve its strategic milestones in 2018-19 for the third year in a row.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
Revenues of the pan-European DIY chain rose by 1.2% to 6.08 billion pounds on a reported basis, although fell by 1.1% on a like-for-like basis. In particular, the group reported a 2.4% decline in France, where it operates Castorama and Brico Dépôt.
However, the group said that actions to boost its performance in France in H2 are underway, saying that it is on track to achieve its strategic milestones in 2018-19 for the third year in a row.
Copyright (c) 2018 CercleFinance.com. All rights reserved.