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B&Q-owner Kingfisher boosted by new ‘young DIY-ers’

B&Q-owner Kingfisher boosted by new ‘young DIY-ers’

Business
Getty ImagesKingfisher, the owner of DIY retailer B&Q, has reported a sharp rise in full-year sales and profits, boosted by a new generation of "young DIY-ers".The company said underlying pre-tax profit jumped 44% while sales climbed to £12.3bn in the year to 31 January.Kingfisher boss Thierry Garnier said that the Covid-crisis had led to 18-34 year-olds doing more home improvements than any other age group."All of this is very encouraging for the future of our industry," he said.Kingfisher, which also owns the builders' merchant Screwfix, added that 20% of young "DIY-ers" had tried home improvement for the first time during lockdown. The company surveyed customers last year and again in February.The company also said home-working had helped lift sales and profits, as people invested i...