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Kingfisher updates analyst estimates - August 2014

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

Analysts now forecast a 2.1% increase (previously 4.2% in the June 2014 update) in B&Q UK & Ireland like-for-like sales for the year ending 2014/2015.

For the year 2015/2016 B&Q UK & Ireland is forecast to see a 2.2% (3.1% in previous estimate) increase in like-for-likes, while in 2016/2017, like-for-like sales are expected to increase by 2.3% (an decrease on the 2.8% forecast from the June update).

Anticipated profit for overall UK and Ireland operations has decreased to £267 million (previously £286million) for 2014/2015, and for 2015/2016, the figure has dropped from £326 million to £296 million. 2016/2017 forecasts indicate a profit figure of £324 million, a reduction on the previous forecast (£367 million).

Total retail profit for the global business in 2014/2015 has been lowered to £784 million from a forecast of £848 million (as reported in June 2014). 2015/2016 figures have also been revised down to £852million (previously £945 million).

In January 2017 this figure is expected to reach £929 million, a reduction of £109 million on the June 2014 forecast of £1,038 million.

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

Source : Insight Team (figures taken from Kingfisher’s analyst estimates)

22 August 2014

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