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Kingfisher releases updated analyst estimates

For the second time this year, B&Q owner Kingfisher PLC has released updated analyst estimates for its global operations, to January 2015.

In the UK and Ireland, B&Q is forecast to see a decrease in like-for like sales of -4.7% (the previous update estimate was -3.7%, prior to which it was -2.9%) for the full year ending January 2013; with retail profit of £193 million (previously £204 million and £216 million). For the UK and Ireland overall, profit is expected to reach £234 million (previously £243 million and £253 million).

Analysts now forecast a 1.8% increase (previously 2.1%) on B&Q UK & Ireland like-for-likes for year ending 2013/2014, predicting £225 million in retail profit (previously £243 million and £253 million). Expected profit for overall UK and Ireland operations has dropped to £272 million (previously £287 million from £294 million).

A positive LFL sales forecast has been retained for 2014/2015, with a 1.8% increase in like-for-likes and a profit figure of £253 million (previously £272 million, down from £282 million). Overall UK and Ireland operations are forecast to reach £304 million (previous forecast showed £320 million, down from £328 million).

Total retail profit for the global business in January 2013 is now expected to reach £786 million (previously £796 million; £817 million in the October 2012 update).

In January 2014 this figure is expected to grow to reach £861 million (previously given as £875 million and £898 million), while January 2015 figures indicate a total retail profit forecast of £946 million (down from £961 million and £988 million).

Further information, including a breakdown forecast of like-for-like sales and profitability for Kingfisher’s global operations, can be found here: http://www.insightdiy.co.uk/articles.asp

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

07 February 2013
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