DIY profits up again thanks to mild weather

Despite a dip in profits over the last year, the DIY sector is currently enjoying a return to favour with the home improvement market stabilising and beginning to show signs of growth.

Kingfisher, the group which owns DIY megastore chain B&Q, has reported a pre-tax profit of £450.5 million which it credits to a restructuring programme undertaken last year.

Gerry Murphy, the chief executive of Kingfisher, said: "Trading conditions for our biggest businesses continue to be challenging.

"Ahead of the key Easter trading period, early 2007/08 trading has been stronger in our major markets, supported by better weather

He said that customers are now demanding products such as premium paints and more contemporary collections of interior design tools including wallpapers and curtains.

Profits had tumbled at the firm by 22 per cent last year but mild spring weather may boost the sales of DIY stock throughout the UK in 2007. Gardena and seasonal products are already in demand according to the chain.


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