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Kingfisher sees profits slide 30% following pandemic DIY boom

City

Kingfisher warns of inflation pressures as profits slide 30%

B&Q owner Kingfisher has reported a 30% drop in profits as the company battled higher prices for raw materials and energy and sales slowed following the pandemic DIY boom. Shares in the DIY giant fell by more than 5% on Tuesday morning as investors ...

20 Sept 2022 at 11:17

City

Kingfisher sees profits slump despite customers spending £1.4bn to save energy

Kingfisher said it expects its falling profits to drop even further this year, as it revealed that more than £1 in every £10 it made last year came from energy and water-saving products. The company behind Screwfix and B&Q has seen profits plummet ...

21 Mar 2023 at 08:08

City

B&Q owner Kingfisher cuts profit outlook as wet weather dampens European sales

B&Q owner Kingfisher has cut its full-year earnings outlook after profits dropped by a third, with wet weather and low consumer confidence dampening sales in Europe. The retail giant told investors its statutory pre-tax profit fell to £317 ...

19 Sept 2023 at 09:48

City

B&Q owner Kingfisher boosted by rising sales of energy efficiency products

B&Q parent firm Kingfisher has revealed that sales of loft insulation materials have more than doubled as customers seeking to improve energy efficiency in their homes helped to boost the retail group. The company, which also owns ...

24 Nov 2022 at 09:14

City

B&Q owner Kingfisher braces for £31m rise in tax bill next year

B&Q owner Kingfisher has said it expects to see its tax bill increase by about £31 million next year due to plans unveiled in the Government’s Budget, as it narrowed its profit forecast for the year. Shares in the company were ...

25 Nov 2024 at 10:29

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