It said Brico Dépôt has reduced its losses by approximately 40%, to GBP14 million, helped by lower operating costs. In the 2019 fiscal year, Brico Dépôt reported losses of GBP23 million.
“2020 was a year of exceptional challenges. Rapid adaptability was more important than ever as we implemented new work methods to continue our activity in safe conditions,” said Adela Smeu, CEO Brico Dépôt Romania.
The company launched a Click & Delivery service last year, new brands and facilities and lifetime warranties for certain product categories.
Kingfisher Group reported 6.8% growth in sales in 2020, driven by strong growth in the second quarter as lockdowns were lifted. It said like-for-like sales grew 7.1% on all market segments in the UK and Ireland, France, Poland, Romania, and Portugal.
Online sales grew 158% and currently account for 18% of the group’s total sales, from a share of just 8% in the previous fiscal year.