Kingfisher reported full year profit of £ 693 m ( $ 916 m ) , a 20 % YoY profit that it attributed in part to poor performance at its Castorama unit . The company announced it will close all its Screwfix stores in Germany , but will continue to expand the chain , launching in September this year and increasing the number of shops to 800 from 700 stores . 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 stages .
Kingfisher reported full year profit of £693m ($916m), a 13% YoY decline that it attributed in part to poor performance at its Castorama unit. 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.