Brico Dépôt doubles its sales in Spain and Portugal in its first fiscal quarter

Brico Dépôt, the brand with which the British chain Kingfisher operates in the Iberian Peninsula, increased its revenues by 110.8% between February and April, corresponding to the first quarter of the multinational’s fiscal year, to 90 million pounds (104 million euros), according to the company.

In comparable data, which eliminates exchange rate volatility and variations in the company’s accounting perimeter, Brico Dépôt Iberia’s sales increased 112.3% compared to the period between February and April 2020, affected by the restrictions of the first wave of the Covid-19 pandemic.

Month by month, the comparable sales of Kingfisher’s business in the Iberian Peninsula reflect a fall of 5.7% in February, to skyrocket by 149.1% in March and by 800.2% in April, since these two months of 2020 were the hardest hit by the closures.

Likewise, in what has elapsed in the second fiscal quarter of the company, the comparable sales of Brico Dépôt in Spain and Portugal up to May 15 registered an interannual increase of 312.9%.

“We have had to face changing and very different restrictions, but the involvement of the team has been, as always, exemplary. Our collaborators have made it possible that, in addition to working in all our centers, we have been able to cover our customers through our online channel and through the Brico & Go app, two platforms that are barely a year old, and that continue to have a very positive trend in terms of sales volume “, highlighted Mike Foulds, CEO of Brico Depôt Iberia.

“With the advancement of the vaccination program and the improvement of the health situation, both in Portugal and in Spain, we trust that in the coming months the situation will improve and that we can continue to contribute to home improvements through our stores, our channel ecommerce and our Brico & Go app “, he added.

For its part, globally the British group Kingfisher invoiced between February and April 2021 a total of 3,448 million pounds (3,998 million euros), a figure that represents an advance of 60% with respect to the income recorded in the same quarter of the year. In comparable data, the year-on-year growth was 64.2%.

Among the different geographical areas in which it operates, in the United Kingdom and Ireland, revenues increased by 66.8%, to 1,827 million pounds (2,118 million euros), while in France, where in addition to Brico Dépôt it owns the Castorama banner , revenue rose 97.4% to 1,177 million pounds (1,365 million euros).

In the rest of the international markets, except Russia, the multinational brought in 444 million pounds (515 million euros), 9.4% more, including a 12.1% drop in Poland, to 281 million pounds (326 million euros). euros) and an increase of 67.2% in Romania, up to 72 million pounds (83 million euros), in addition to the 110.8% increase in the Iberian market.

The multinational, which currently keeps all its stores open, highlighted that the group’s online sales increased by 63% in the quarter, which shows a growth of 258% in two years, reaching currently 21% of the total sales. group billing.

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