More growth for Bossard as Q3 sales rise 12.4%
The Bossard Group has produced another strong financial performance in Q3 2017, with sales up 12.4% to CHF 194.6 million (approx $199 m). All three market regions saw solid growth and sales overall rose 14.1% to CHF 589.7 million (approx US $603.2 m). Europe saw accelerated growth, with sales up 12.5% in Q3. In America, Bossard continues […]
Screwfix & Poland put in solid performances for Kingfisher despite profit fall
Despite solid growth from star brand Screwfix and in growing territory Poland, Kingfisher’s H1 2017/2018 financial performance saw sales dip 1.3%. Kingfisher emphasised it was in Year 2 of its ‘ONE Kingfisher’ 5 year transformation. It said it was acting on the root causes of ‘business disruption’ by adapting, including an earlier roll out of a unified IT […]
Sales rise for Dormakaba
Dormakaba’s 2016/2017 financial year saw consolidated sales increase by 9.4% to CHF 2,250.1 million, with organic sales growth of 4.3%. Net profit increased to CHF 224.6 million thanks to higher profitability and positive tax effects of acquisitions and post-merger integration – strategically important acquisitions were made during the period in North America, including Stanley Black […]
Selco sees double-digit growth in H1 2017
Selco was among the stand out performers for Grafton in its half year financials, with Selco Builders Warehouse seeing double-digit revenue growth, thanks in part to the new branches opened this year. Selco is one of a number of Merchanting brands for Grafton, which also includes Buildbase, Plumbase and Macblair. Grafton’s overseas Merchanting brands include Gunters en […]
Screwfix grows 17% but B&Q spoils Kingfisher’s party
It was a tale to two brands for Kingfisher, with Screwfix soaring and B&Q in the doldrums, according to the group’s Q2 2017 sales numbers. True to form, Screwfix sales rose a whopping 17.2% (l-f-l 10.8%) to £365m in the UK & Ireland, but B&Q saw sales down 7.8% (l-f-l 4.7%) to £967m due to […]
Bunnings UK & Ireland reports £54 million loss
Wesfarmers reported a loss for its new Bunnings UK & Ireland arm of the business in its latest financial statement. Bunnings bought the Homebase business in February 2016 and began the process of importing its Bunnings store concept to the UK & Ireland by converting old Homebase stores in February 2017, starting with St Albans’ two […]
Solid performance for Toolstation owner in a ‘challenging market’
Toolstation and Wickes owner Travis Perkins saw revenue grow 3.5% in the first half of the year (2.7% like-for-like). Adjusted operating took a hit at 2.1% lower (£190m) due largely to investments and a challenging Plumbing & Heating market. CEO John Carter said Travis Perkins had delivered a strong performance against a challenging market backdrop, […]
Power tools sales rise for Makita
Net sales grew 11.6% for Makita in Q2 (three months ending 30 June 2017). Sales reached 113,064 million yen, up from 101,276 million yen in Q2 2016, like-for-like. Makita noted gradually recovering economies in developed countries – and uncertainties around the “international political situation and policies”. However, emerging countries saw their economies steadily grow on […]
BUFAB grows global market share despite weaker margins
Net sales rose in Q2 and across the first half of 2017 for BUFAB. In Q2, the same period that saw the acquisition of Southampton’s Thunderbolts, BUFAB saw organic growth at 3%, with net sales up 8% to SEK 823m. Order intake grew 13%. However operating profit declined 13% to SEK 77m with operating margin […]
Tools and fastening products grow for Stanley Black & Decker
Stanley Black & Decker’s CEO and President lauded the performance of the company’s tools and engineered fastening units in its recent financials. In the report, covering Q2 2017, Stanley boss James M. Loree praised the firm’s “impressive performance” and noted organic growth from Tools and Storage of 8% and organic growth from Engineered Fastening of 6%. […]