Kingfisher plc (KGF) Q4 2023 Earnings Call

Investor webinar replay

Replay transcript excerpt

Thank you, Maj, and good morning. Welcome to everyone here at the London Stock Exchange and also to those joining online. And I would like to begin by warmly thanking our colleagues across the group for their continued hard work and commitment. I am immensely proud of all our teams for their focus and contributions against a challenging backdrop, helping us to deliver for customers and drive our long-term strategy. So now turning to our agenda for today on slide two, and I will start the presentation with the key messages and financial highlights for the year. And Bernard will then run through our performance in more detail and cover our outlook and guidance for the year ahead. I will then provide an update on our strategy, including details on our new plan for France. And as usual, we'll be happy to take your questions after the presentation. So now to slide three and our key messages today. Our financial performance for the year was in line with our guidance, which we revised at our Q3 results. Against the backdrop of high inflation and elevated cost of living, we saw contrasting results in our banners. We delivered a positive sales performance in the UK and Ireland with our three banners, BNQ, Screwfix and TradePoint, consistently gaining market share. And in France and Poland, as we have reported, sales were impacted by the more challenging consumer environment in those markets. We have stayed focused and continue to execute against our strategic priorities at pace. In particular, we are making significant progress in the areas of scufix, e-commerce marketplace, data, retail media, and trade. These are all key drivers of sustained market share gains and our medium-term growth ambitions. We are also today announcing a clear plan to take France to the next level, s...