skip to main content
Find Insight DIY on
* * *

UK DIY News

Kingfisher to present final results tomorrow

B&Q with garden centre

Veronique Laury, the new boss of B&Q and Screwfix owner Kingfisher, will set out her stall when she presents finals tomorrow – and there’s a lot to be done.

UBS’s Andrew Hughes says: “The areas of focus will be any downsizing plans for B&Q, how to tackle the wider trade market in the UK, any update on the Mr Bricolage acquisition, any further targets for global sourcing, and whether Kingfisher continues to push into new markets with associated start-up costs.”

Mr Hughes forecasts pre-tax profit for the year of £670m, 10 per cent below last year’s figure, and said another fall could be on the cards, with Ms Laury’s vision likely to cost money.

Source : Oscar Williams-Grut - The Independent
www.independent.co.uk/news/business/analysis-and-features/kingfisher-boss-veronique-laury-to-set-out-stall-when-she-presents-finals-10142498.html

30 March 2015

Related News

view more UK DIY News
*

Insight provides a host of information I need on many of our company’s largest customers. I use this information regularly with my team, both at a local level as well as with our other international operations. It’s extremely useful when sharing market intelligence information with our corporate office.

*
Paul Boyce - European CEO, QEP Ltd.
Newsletters

Don't miss out on all the latest, breaking news from the DIY industry