Kingfisher reported full year profit of £ 1.3bn in the first quarter and a net loss of £2.4bn. The company announced it will close all 19 Screwfix stores in Germany, but will continue to expand the chain, launching in Ireland this year and increasing the number of shops to 800 from 700 overall. But while overall sales at B&Q fell 2.8%, the group's other UK-based chain, Screwfix, has performed strongly, with a 10% rise in sales. It's also considering the closure of another 15 stores across the group. CEO Veronique Laury, who had been overseeing the company’s transformation is stepping down as the One Kingfisher five-year plan enters its final stage.
Kingfisher reported full year profit of £ 1.3bn in the first quarter and a net loss of £2.4bn. The company announced it will close all 19 Screwfix stores in Germany, but will continue to expand the chain, launching in Ireland this year and increasing the number of shops to 800 from 700 overall. It's also considering the closure of another 15 stores across the group. CEO Veronique Laury, who had been overseeing the company’s transformation is stepping down as the One Kingfisher five-year plan enters its final stage.