skip to main content
  • *
  • *
  • *
Find Insight DIY on
* * *


Kingfisher PLC issues analyst estimate update to 2014

B&Q owner Kingfisher PLC has today released updated analyst estimates for its global operations, to January 2014.

In the UK and Ireland, B&Q is forecast to see a decrease in like-for like sales of 1.7% for the full year ending January 2012, with retail profit of £223 million. For the UK and Ireland overall, profit is expected to reach £256 million.

Kingfisher’s analysts have forecast a 0.9% increase on B&Q like-for-likes for 2012/2013, with £255 million in retail profit (£290 million for overall UK and Ireland operations).

A more positive forecast has been given for 2013/2014, with a 1.8% increase in like-for-likes and a profit figure of £281 million (£317 million for overall UK and Ireland operations).

Total retail profit for the global business is forecast to reach £859 million in January 2012 and £946 million in January 2013. January 2014 should see the business break through the billion pound barrier, with a £1,024 million total retail profit forecast.

The update makes no reference to B&Q’s recent announcement that it may pull out of Northern Ireland if controversial new rate levies on larger stores are imposed. In a statement les than a week ago, B&Q advised: "It remains a very real possibility that we cannot continue to trade in Northern Ireland".

Further information, including a breakdown forecast of like-for-like sales and profitability for B&Q’s global operations, can be found here:

Source : Insight DIY

16 November 2011
view more UK DIY News

I find the news and articles they publish really useful and enjoy reading their views and commentary on the industry. It's the only source of quality, reliable information on our major customers and it's used regularly by myself and my team.

Simon Fleet - Sales & Marketing Director, Thomas Dudley Ltd

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