Kingfisher Analyst Estimates - April 2014

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

Analysts now forecast a 3.7% increase (previously 2.0% in the June 2013 update) on 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% (previously 1.8%) increase in like-for-likes, while in 2016/2017, like-for-like sales are expected to increase by 2.7%.

Anticipated profit for overall UK and Ireland operations has increased to £291 million (previously £282 million) for 2014/2015, and for 2015/2016, the figure has risen from £309 million to £331 million. 2016/2017 forecasts indicate a profit figure of £360 million.

Total retail profit for the global business in 2014/2015 has been lowered to £857 million from a forecast of £917 million (as reported in June 2013). 2015/2016 figures have also been revised down to £946 million (previously £994 million).

In January 2017 this figure is expected to grow to reach £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)
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