Kingfisher PLC issues analyst estimate update to 2015

B&Q owner Kingfisher PLC has today released updated analyst estimates for its global operations, to January 2015.

In the UK and Ireland, B&Q is forecast to see an increase in like-for like sales of 0.2% for the full year ending January 2013, with retail profit of £261 million. For the UK and Ireland overall, profit is expected to reach £296 million.

Kingfisher’s analysts have forecast a 1.5% increase on B&Q like-for-likes for 2013/2014, with £291 million in retail profit (£330 million for overall UK and Ireland operations).

A more positive forecast has been given for 2014/2015, with a 1.9% increase in like-for-likes and a profit figure of £322 million (£331 million for overall UK and Ireland operations).

Total retail profit for the global business is forecast to reach £938 million in January 2013 – a figure noted in the November 2011 update as £946 million. The figure will grow to reach £1,026 million in January 2014. January 2015 figures indicate a total retail profit forecast of £1,116 million.

Further information, including a breakdown forecast of like-for-like sales and profitability for B&Q’s global operations, can be found here: http://www.insightdiy.co.uk/articles.asp

Source : Insight DIY