Preliminary results for the year ended 28 January 2012

22 March 2012

5. Turning around B&Q China

• Losses significantly reduced despite lower sales
  • 2008/09: loss of £63 million⁽¹⁾
  • 2011/12: loss of £3 million
• Cash neutral
• Store portfolio rationalised from 63 to 40 stores, 16 downsized
• New, smaller format in development

1. Constant currencies