Kingfisher plc (KGF) Q4 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good day ladies and gentlemen and welcome to Kingfisher PLC full year 2025-26 results presentation. At this time all participants are in listen only mode. Following the presentation we will conduct a Q&A session with research analysts. If you wish to ask a question we ask that you please use the raise hand function at the bottom of your screen. If you have dialed in, please select star 9 to raise your hand and star 6 to unmute. Instructions will also follow at the time of the Q&A. I would like to remind all participants that this call is being recorded. I will now hand over to Thierry Gagné to start the presentation. Good morning and thank you for joining us today for Kingfisher's full year results presentation. Bhavesh and I will take you through our full year results, our outlook for the coming year and provide an update on our key strategic initiatives. Following this presentation will be the usual Q&A. So let's start with the key messages. 2025 was a strong year for Kingfisher as we continue to execute our strategy at pace and delivered on all our financial priorities. And there are three points I want to highlight. First, our strategic growth initiatives are driving market share gains, a key indicator of our progress. We grow market share across each of our banners in the UK, France and Spain, and maintain share in Poland. Our sales growth was high quality, led by growth in volume and transaction. We delivered double-digit growth in both trade and e-commerce sales during the year. While our 1P e-commerce sales were strong, I am particularly pleased with our progress in our marketplaces, now reaching £518 million on a GMV basis and up 58% year-on-year. Second, we maintained strong financial discipline amidst significant cost pressure. We grew gross margin by 80 b...