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Kingfisher Q1 Sales, LFL Sales Rise; FY Outlook Unchanged - Quick Facts

Home improvement retailer Kingfisher Plc (KGF.L) reported that its total group sales for the first quarter were 2.835 billion pounds, up 0.3 percent on a reported basis and also up 1.7 percent at constant currency rates. Like-for-like or LFL sales improved 0.8 percent.

UK & Ireland total sales for the quarter were 1.28 billion pounds, up 5.0 percent, while LFL sales rose 3.4 percent. B&Q UK & Ireland sales rose 2.8 percent and Screwfix sales increased 9.6 percent.

In France, total sales dropped 5.1 percent on a reported basis and decreased 3.4 percent at constant currency. LFL sales fell 3.7 percent.

Other international sales grew 0.7 percent, mainly with 2.9 percent growth in Poland and 6.0 percent growth in Romania, offset by an 8.9 percent decline in Russia.

Véronique Laury, Chief Executive Officer, said, "At this early stage of the year our expectations for the full year are unchanged, and we remain confident in our ability to deliver significant financial benefits over time."

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