"Chief Executive Thierry Garnier noted that the company has made 'rapid progress' in its growth strategy and anticipates further profit increases this year, with adjusted earnings expected to range from £565 million to £625 million."
"'We are very mindful of the crisis and the impact on customers. We have no operations in the region and have only two suppliers in this area, so are expecting a very limited impact.'"
"'We have continued to execute our strategy at pace and delivered good margin and cost discipline. We are making rapid progress against our strategic priorities across our banners.'"
Kingfisher plc achieved a pre-tax profit of £378 million for the year ending January 31, a 23% increase. Adjusted profits rose by 6% to £560 million, with sales increasing by 1.3% to £12.95 billion. Strong demand in the UK, particularly at B&Q and Screwfix, contributed to growth. Chief Executive Thierry Garnier anticipates further profit increases this year. Despite challenges from rising costs and a mixed consumer environment, the company has effectively managed expenses and remains focused on strategic priorities.
Read at London Business News | Londonlovesbusiness.com
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