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Kingfisher updates analyst estimates to 2016

B&Q owner, Kingfisher PLC, has released updated analyst estimates for its global operations, to January 2016.

Analysts now forecast a 1.0% increase (previously 1.8%) on B&Q UK & Ireland like-for-likes for year ending 2013/2014, predicting £206 million in retail profit (previously £225 million). Expected profit for overall UK and Ireland operations has dropped to £256 million (previously £272million).

For the year 2014/2015 B&Q UK & Ireland is forecast to see a 1.7% (previously 1.8%) increase in like-for-likes, with a profit figure of £232 million (previously £253 million). Overall UK and Ireland operations are forecast to reach £287 million (previous forecast showed £304 million).

Total retail profit for the global business in January 2014 is now expected to reach £841 million (previously £861 million).

In January 2015 this figure is expected to grow to reach £927 million (previously given as £946 million), while January 2016 figures indicate a total retail profit forecast of £1010 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

03 May 2013
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Paul Boyce - European CEO, QEP Ltd.
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