LONDON, 2017-Aug-17 — /EPR Retail News/ —
Q2 LFL down 1.9% reflecting:
B&Q seasonal performance down 11% given weather boosted Q2 last year (+10%) and Q1 this year (+17%) (H1 2017/18: -1%)
continued weaker sales in France; and
continued business disruption from our ONE Kingfisher plan albeit with an overall improving trend
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Underlying earnings stable; higher costs from new ventures
Solna, Sweden, 2017-Aug-17 — /EPR Retail News/ —
Second quarter of 2017 in summary
Consolidated net sales amounted to SEK 27,198 million (26,222), an increase of 3.7%
Operating profit excluding non-recurring items totalled SEK 1,094 million (1,154)
The sale of ICA Real Estate in Norway and inkClub,…