Toolstation U.K. Profitability
Toolstation U.K. saw an increase in profitability, in line with previous guidance, and is expected to continue performing well despite challenging market conditions.
Reduction in Net Debt
Net debt before leases was reduced by 39.2% from GBP340 million to GBP191 million, reflecting a strong focus on cash generation and balance sheet protection.
Closure of Toolstation France
The closure of Toolstation France is reported as a discontinued operation, eliminating a significant loss from future performance.
Successful Refinance
The company successfully refinanced GBP125 million of U.S. private placement debt on an investment-grade basis, demonstrating financial stability.