Growth in Trade and E-commerce
Kingfisher reported strong market share gains in the trade segment, with TradePoint sales now representing 23.4% of B&Q, nearly 5 points more than 2019. E-commerce sales across the UK businesses were up 8.7%.
Strong Cash Generation and Shareholder Returns
Free cash flow was strong at £511 million, and £453 million was returned to shareholders via dividends and share buybacks, up 14% on the previous year.
Market Share Gains
Kingfisher gained market share in all key regions, driven by the strong performance of the trade and e-commerce initiatives.
Improving Trends in Key Markets
Encouraging big-ticket sales trends in Q4 across all key markets, with like-for-like sales up 1.3% in kitchens and bathrooms.