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Kesa like for likes slip

Group sales down 0.3 per cent

CITY & CORPORATE

Kesa like for likes slip

Group sales down 0.3 per cent

Total Group revenue increased by 1.3 per cent in sterling, up 0.7 per cent in local currency, and fell by 0.3 per cent on a like-for-like basis. Gross margin was flat.Darty France continued its improved trend from the first half of the year with revenue up 4.6 per cent in local currency and 3.6 per cent on a like-for-like basis. Sales were largely driven by lower margin multi-media ranges. Comet faced strong comparatives following its market out performance last year. Revenue fell by 3.4 per cent and by 3.9 per cent on a like-for-like basis.

Commenting on the Group's performance, Chief Executive Thierry Falque-Pierrotin said : "We were well prepared for our peak trading season and saw improving sales trends in most of our businesses. I am particularly pleased with the performance at Darty France and the progress we are making in our Developing businesses with positive like-for-like sales in all their markets."

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