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Kingfisher to announce full year results

Kingfisher new stores

Kingfishers restructuring efforts will come under close scrutiny this Wednesday when they announce their full year results.

Last November, in their Q3 update, the DIY company reported a slowdown in sales, blaming softer sales in the French market. However it has said it expects to see a change of pace in 2017, as a result of its ONE Kingfisher overhaul programme.

Kingfisher Q3 2016 Trading Update

Since then, Bunnings has opened its first Homebase conversion in St.Albans, with another nine due to be converted this year. We completed our iPaint30 price basket comparison when the store opened in February and you can read about the results at the link below:-

Bunnings blows away the competition

Broker Jefferies believes the recent underperformance of its shares is not over yet as the UK housing market looks set to soften, where the company trades under the B&Q and Screwfix brands. Although, it also believes that the French business will continue to protect its profits by focusing away from promotional activity.

Numis expects an 11% increase in full year pre-tax profits of £700mln, before restructuring costs of £775mln.

To ensure you hear the results first, sign up for our weekly Insight DIY newsletter here.

20 March 2017

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