Sales at DIY group Kingfisher dented by weak French market

Sales at DIY group Kingfisher dented by weak French market

LONDON, Nov 21 (Reuters) – Kingfisher, Europe’s largest home improvement retailer, reported a small fall in underlying sales in its latest quarter, with a weak performance in France only partially offset by strong growth at Screwfix in the UK and in Poland.
The firm, which runs B&Q and Screwfix in Britain and Castorama and Brico Depot in France and elsewhere, said on Tuesday it was comfortable with full-year 2017-18 consensus underlying pretax profit expectations of 785 million pounds ($1.04 billion), down from 787 million pounds in 2016-17.
Kingfisher is in the second year of a plan to boost annual profit by 500 million pounds ($663 million)from 2021. The plan, costing 800 million pounds over five years to deliver, includes unifying product ranges and improving e-commerce capabil

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