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Kingfisher publishes analyst updates to January 2018

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Kingfisher PLC has released updated analyst estimates for its global operations to January 2018.

In today's update analysts have forecast a 1.6% increase in B&Q UK & Ireland like-for-like sales for the year ending 2015/2016 (up from the 1.3% rise noted in December 2014's update).

For the year 2016/2017 B&Q UK & Ireland is forecast to see a 2.6% rise in like-for-like sales (a 1.7% rise was indicated in the December 2014 estimate), while in 2017/2018, like-for-like sales are expected to increase by 2.2% (forecast data was not given for this time period in previous estimate).

Anticipated retail profit for overall UK and Ireland operations for 2015/16 has been increased to £300 million (previously £283 million), and for 2016/2017 the figure has increased from £305 million to £322 million. Forecasts covering 2017/2018 suggest a full year retail profit of £340 million (forecast data was not given for this time period in previous estimate).

Total retail profit for the global business in 2015/2016 is expected to reach £742 million, a reduction on the £781 million given in December 2014's estimates. Figures for 2016/2017 have also been scaled back from a forecast of £844 million to £799 million. No forecast data was made available in the previous publication for the full year 2017/18 but today's estimates indicate a figure of £851 million.

The December 2014 publication indicated that Castorama and Brico Depot in France would both experience a decline in like-for like sales for 2015/16. Today's estimates indicate that Castorama will see a 0.9% rise while Bricot Depot sales will remain flat, giving a figure of 0.0%.

Further information, including a breakdown forecast of like-for-like sales and profitability for Kingfisher’s global operations, can be found in our Industry Articles pages, here:

Source : Insight Team (figures taken from Kingfisher’s analyst estimates)
www.kingfisher.com/index.asp?pageid=79

13 August 2015

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