Britain’s lockdown DIY boom has seen profits soar for the owner of B & Q.

Kingfisher saw its sales increased by 7.2% to £12.3bn for the year ending 31 January while post-tax profit came in at £592m, up from £8m the year before.

Its online sales rose by 158% which now represents 18% of the group’s total sales, while click and collect purchases soared by 226% in the last twelve months.

Thierry Garnier, chief executive at Kingfisher, outlined the company’s strategy for the year gone as well as its immediate outlook.

“The dedication and commitment of our 80,000 colleagues has enabled us to make substantial strategic, operational and financial progress this year. Kingfisher is coming out of the COVID crisis as a stronger business, with an improved competitive position in all key markets, strong new customer growth and a step change in digital adoption. I would like to express my personal thanks to all our teams for their incredible efforts in the most testing of circumstances,”


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