THE DIY MARKET SUPPLEMENT 2019 LEEKES: BUYING AND SELLING


The Numbers Sales £m


Gross profi t £m


Operating profi t £m Pre-tax profi t £m Staff


Salaries £m


The Ratios Stockturn


Gross margin %


13/14 14/15 15/16 16/17 17/18 %change 54.6 58.1 64.3 75.5 19.9 21.3 24.7 27.8 -1.8


70.9 -6.1 26.3 -5.4


0.2 1.3 0.6 -2,312.1 n/a


-2.4 -0.2 0.8 0.9 -2,937.3 n/a 612 750 769 847 11.7 12.6 13.7 16.2


13/14 14/15 2.8 2.7 36.5 36.7


Operating margin % -3.3 0.3 Net margin %


15/16 2.9 3.2 3.0


805 -5.0 15.9 -1.6


16/17 17/18 %change -6.7


-4.3 -0.4 1.3


Staff costs/turnover 21.4 21.7 Return on capital % -10.6 -1.0 DIY Week index


38.5 36.8 37.1 0.7 2.0 0.8 -3,260.2 n/a 1.2 -4,141.7 n/a


21.4 21.5 22.5 4.7 3.8 4.2 -17,123.2 n/a n/a


Leekes’ recent history has been one of acquisition and disposal: after buying Park Furnishers, a 100,000sq ft store in Bristol, in April 2016, the company sold an unused section of the car park at the Cross Hands                            


Benchmark


THE RANGE: SALES UP, MARGINS DOWN The Numbers


Sales £m Operating profi t £m Staff


Gross profi t £m 191.7 227.7 45.4 57.7


Pre-tax profi t £m 45.2 70.0 5,801 6,670


Salaries £m


The Ratios Stockturn


13/14 14/15 3.3 3.3


Gross margin % 40.8 40.3 Net margin %


674.2 272.0 66.0 57.0


7,910


15/16 3.1


40.3


Operating margin % 9.7 10.2 9.8 9.6 12.4 8.5 13.2 40.3


Staff costs/turnover % 13.4 13.0 36.7 36.7


Return on capital % DIY Week index


763.9 869.1 13.8 301.9 327.8 8.6 68.6 54.8 68.3 53.5


-20.2 -21.6


8,911 9,524 6.9 63.2 73.2 88.8 103.7 114.4 10.3


16/17 17/18 %change 2.9 2.6


-10.4


39.5 37.7 -4.6 9.0 6.3 -29.9 8.9 6.2 -31.1 13.6 13.2 -3.0 30.0 45.2 29.8 222


          


13/14 14/15 15/16 16/17 17/18 %change 470.3 565.1


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