The Kingfisher Board has proposed a final dividend per share of 8.60p (FY 21/22 final dividend: 8.60p), resulting in a proposed total dividend per share of 12.40p in respect of FY 22/23 (FY 21/22: 12.40p). The final dividend is subject to the approval of shareholders at the Annual General Meeting on 27 June 2023.
Other financial highlights include:
- FY performance in line with their expectations & guidance, against strong prior year comparatives
- Total sales -0.7% in constant currency and LFL -2.1% (3-year LFL* +15.6%)
- Sales outperforming home improvement industry growth, with 3-year total sales CAGR(3) of +5.9% vs market CAGR(4) of +4.9%
- Total e-commerce sales* -9.1% (3-year growth +146%), with growth of +3.7% in H2. E-commerce sales penetration of 16.3% (FY 19/20: 7.9%)
- Adjusted pre-tax profit (PBT) -20% to £758m (+39% vs FY 19/20). Statutory PBT -39.3% to £611m
- Exceeded target for 1.5°C science-based scope 1 and 2 carbon reduction (-52.7% vs FY 16/17)
