Our markets

 
Map of countries where Kingfisher operates UK & Ireland France Spain Poland Turkey, Russia and China Romainia
  • UK & Ireland
  • France
  • Other international
  • 2014/15 new market entries
  • Joint Venture
 

Poland and Russia

Kingfisher is market leader in Poland and is building a new business in Russia. Consumers in these countries have been enjoying increasing disposable income and demand for home improvement. Retail spending in total and the proportion spent on home improvements are both lower than the EU average in these countries but are growing faster as consumers become wealthier and look to improve their homes. Poland has a large, mostly home-owning population with good DIY skills. Russia is the largest European country and developing fast. The home improvement market is being driven by new construction and much needed renovation.

In both markets, consumers have traditionally been served by fragmented small-scale, local outlets and open markets.

Kingfisher also operates a joint venture in Turkey, a fast-developing market with strong future growth prospects.

Spain

Kingfisher operates a small but fast-developing business in Spain, the fifth largest retail market in Europe. Home ownership is high but the proportion of retail expenditure spent on home improvement is significantly lower than the European average. As a result, the home improvement markets are currently less well developed and served by a fragmented group of national and regional retailers.

Romania

Kingfisher acquired Bricostore's 15 home improvement stores in Romania from Group Bresson, a French retail company, in April 2013. It is Kingfisher's first new market entry in seven years.

Bricostore Romania recorded sales of €131 million in 2012 and EBITDA of €5 million. It is one of the largest home improvement retailers in Romania, with well-located stores. Four of the branches are in Bucharest, with most located near other major international retailers. The Romanian stores will be converted into the Brico Dépôt format in due course, providing scope to grow the business to around 50 stores in the longer-term.

Romania is an attractive, growing market for home improvement, with the organized part of the DIY market having trebled in size since 2005 to around €1 billion in 2011. There is a strong DIY culture among homeowners.

China

China has a fast-growing urban middle class and is fast becoming one of the most important retail markets in the world. In recent years many millions of Chinese migrated to its major cities and new homes have been built at an unprecedented rate, typically sold as empty concrete shells. The new owners are responsible for completing the internal fit-out and decoration themselves. This has fuelled the rapid growth of the home improvement market, particularly design, decorating and installation services. Kingfisher is launching a standalone B&Q Design Centre trial store in China to meet this demand.

Other International

Country Population
(m)1
Households
million1
Market position2 GDP growth 2014(%) estimated3 Market brands Store numbers Selling space
(000s sq m)
Employees
fulltime
Poland 38 15 1 +2.4 Castorama logo 72 529 10,357
China 1,348 427.5 - +7.5 B&Q China logo 39 318 3,695
Portugal 10.7 4.2 - - Brico Depot logo 1 6 128
Romania 21 7.5 3 2.2 Brico Depot logo 15 156 1,112
Spain 46.5 18 2 +0.6 Brico Depot logo 28 168 1,518
Russia 143 53 3 +2.0 Castorama logo 20 185 2,712
Turkey 74 19 1 +3.5 KoÃtaÅ logo 48 232 3,555

Contribution to Group sales

Pie chart showing 20% £2.3bn of contribution to Group sales International

20%
£2.3bn*

Contribution to retail profit

Pie chart showing 21% £171m of retail profit International

21%
£171m*

  • 1 The Economist Pocket World in Figures 2014
  • 2 Kingfisher estimates
  • 3 International Monetary Fund
  • 4 Including Ireland
  • 5 Including Ireland and Kingfisher Future Homes

Information correct as at 2 August 2014

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