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Kingfisher updates analyst estimates

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

Analysts now forecast a 0.6% increase (previously 1.0% in May 2013 update) on B&Q UK & Ireland like-for-likes for year ending 2013/2014. It had been previously forecast (May 2013) that B&Q UK and Ireland would see retail profit of £192m, but as Kingfisher has opted to report on combined financial data for all UK and Ireland operations - rather than report separately - no updated figures have been provided.

Anticipated profit for overall UK and Ireland operations has dropped to £248 million (previously £256 million).

For the year 2014/2015 B&Q UK & Ireland is forecast to see a 2.0% (previously 1.7%) increase in like-for-likes. Previous forecasts suggested a profit figure of £232 million, although as above, this figure has not been updated. During the reporting period overall UK and Ireland operations have been revised downwards and are now forecast to reach £282 million (previous forecast showed £287 million).

Total retail profit for the global business in January 2014 is now expected to reach £827 million (previously £841 million).

In January 2015 this figure is expected to grow to reach £917 million (previously given as £927 million), while January 2016 figures indicate a total retail profit forecast of £994 million (previously £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

18 June 2013
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