Kingfisher reports 5.6% Q3 sales hike

KINGFISHER – the British DIY retail group, which owns B&Q – has expressed confidence in its Irish operations despite the home improvement market shrinking here.

Yesterday, the group reported a 5.6% year-on-year increase in third-quarter sales (for the 13 weeks to the end of October) to £2.7 billion (€3bn) and a 4.7% sales rise for its UK & Ireland division.

The group has a number of brands across mainland Europe and China and up to 80% of total group sales now come from its international division.