Kingfisher annual profit rises 6 percent on UK resilience
Kingfisher reported a 6 percent rise in annual profit as a resilient UK market offset softness in Europe. The group expects further growth in the coming year.
Kingfisher plc has reported a 6% increase in annual profit, supported by a steady performance in the United Kingdom that helped mitigate the impact of weaker market conditions elsewhere in Europe. The FTSE-100 home improvement group, which operates the B&Q and Screwfix brands in the British market, saw its overall earnings rise despite facing softer demand in France and Poland. In these regions, the company trades under the Castorama and Brico Depot banners. The company indicated that the resilience shown in its primary market has positioned it well for the coming years. Consequently, the group has issued a positive outlook, forecasting a continued rise in profit for the 2026/27 fiscal period as it navigates the varying economic landscapes across its international footprint.
