Prices delayed by at least 15 minutes | Print
Kingfisher PLC (KGF)
ORD 15 5/7PThis share can be held in a Dealing accountStocks and shares ISALifetime ISAJISASIPPand can be used with Regular investment and Dividend reinvestment
IN BRIEF: Kingfisher exits Romania as completes Brico Depot sale
Kingfisher PLC - London-based home improvement retailer and owner of B&Q and Screwfix - completes the sale of its Brico Depot Romania business to Altex Romania for an enterprise value of EUR70 million, around GBP59 million. The sale, announced in December, sees Kingfisher exit Romania just over a decade after entering in 2013. The sale includes a network of 31 stores in 24 cities in Romania, together with distribution operations and a head office in Bucharest. Altex currently operates 130 electronics and home appliance stores in Romania. The business being sold generated GBP269 million in sales in financial 2024, 2.1% of total Kingfisher sales. It suffered a retail loss of GBP18 million and free cash outflow of GBP17 million.
Chief Executive Thierry Garnier says the sale "enables us to have greater strategic focus on markets and growth initiatives where we are strongly positioned to deliver attractive returns and create shareholder value. It also allows us to continue to provide our Own Exclusive Brands to customers in Romania."
Current stock price: 287.90 pence, down 1.4% in London on Friday
12-month change: up 18%
By Jeremy Cutler, Alliance News reporter
Comments and questions to newsroom@alliancenews.com
Copyright 2025 Alliance News Ltd. All Rights Reserved.
AJ Bell Management Limited (company number 03948391), AJ Bell Securities Limited (company number 02723420) and AJ Bell Asset Management Limited (company number 09742568) are authorised and regulated by the Financial Conduct Authority. All companies are registered in England and Wales at 4 Exchange Quay, Salford Quays, Manchester M5 3EE. See website for full details. AJ Bell procures the provision of the Morningstar Licensed Tools on an “as is” basis and does not guarantee the performance of or accept liability for the Licensed Tools. To the maximum extent permitted by law, AJ Bell excludes liability for the Licensed Tools, including liability for any failure, interruption, delay or defect in the performance of any Licensed Tool, unless it arises as a direct result of the negligence of AJ Bell.
© Copyright 2025 AJ Bell. All rights reserved.