To make the outlook even worse, one of the leading companies in the U.K.s Do­it­yourself multiples market – Home Retail Group, which is the parent company of Argos and Homebase – reported fifth consecutive profit decline in 2013 due to the transformation through which the industry went through. The company reported that its profit before tax fell by 23% and reached 99 million pounds in the twelve months ended March 2nd 2013. Home Retail Group also explained that its revenues were broadly flat at 5.48 billion pounds. Kingfisher Plc, which holds control of another main participant on the U.K.s DIY market – B&Q, also reported a profit decline in 2013, saying its performance was hit by both lower customer demand and unseasonal weather conditions in the country. Currently, the company is the largest DIY retailer on the territory of Europe, but revealed that weak consumer confidence affected its results not only in the U.K., but also in other main markets. The consumer confidence was reported to have started to slowly increase towards the end of 2013.