Kingfisher (GB:KGF) has released an update.
Kingfisher PLC has reported resilient first-half financial results despite a slight decline in overall sales, with a strong focus on e-commerce growth and market share gains, particularly in the UK and Poland. The company’s adjusted pre-tax profit saw a minimal decrease of 0.5%, while statutory pre-tax profit rose by 2.3%, indicating effective cost management and inventory control. Additionally, Kingfisher has tightened its full-year profit guidance and upgraded its free cash flow projections, reflecting confidence in its strategic direction and growth potential for 2025.
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