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Kingfisher updates analyst estimates

B&Q owner, Kingfisher PLC, has released updated analyst estimates for its global operations to January 2017.

Analysts now forecast a 4.2% increase (previously 3.7% in the April 2014 update) in B&Q UK & Ireland like-for-likes for year ending 2014/2015.

For the year 2015/2016 B&Q UK & Ireland is forecast to see a 3.1% (unchanged from previous estimate) increase in like-for-likes, while in 2016/2017, like-for-like sales are expected to increase by 2.8% (an increase on the 2.7% forecast from the April update).

Anticipated profit for overall UK and Ireland operations has decreased to £286 million (previously £291 million) for 2014/2015, and for 2015/2016, the figure has dropped from £331 million to £326 million. 2016/2017 forecasts indicate a profit figure of £367 million, an increased on the previous forecast (£360 million).

Total retail profit for the global business in 2014/2015 has been lowered to £848 million from a forecast of £857 million (as reported in April 2014). 2015/2016 figures have also been revised down slightly to £945 million (previously £946 million).

In January 2017 this figure is expected to grow to reach £1,038 million, an increase of £18 million on the previous forecast of £1,020 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

20 June 2014
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