Kingfisher Group has released its half year results which show the business has faired well through the challenging first six months of 2020, with sales of just under £6b and gross profits of just over £2b, providing a margin of 37 per cent.

Highlights of the results include a resilient performance in H1 with strong sales recovery in Q2 and stronger demand for home improvement across its markets, with a new strategy delivering early benefits.

The Covid-19 crisis has reinforced the Group’s approach, pushing it to be bolder, with encouraging progress with its strategic priorities. The on-going focus is now on managing through Covid-19 and the business is confident in the opportunities ahead and committed to returning Kingfisher to growth.

Thierry Garnier, Chief Executive Officer, said: “We delivered a resilient financial performance in the first half of the year, with the adverse impact of Covid-19 in Q1 offset by a strong recovery in Q2. This recovery has continued into Q3 to date,...

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