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Kingfisher updates analyst estimates - September 2014

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

As per August's update, analysts continue to 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 2.1% (2.2% in previous estimate) increase in like-for-like sales, while in 2016/2017, like-for-like sales are expected to increase by 2.2% (a reduction on the 2.8% forecast from the June update and from 2.3% in the August update).

Anticipated retail profit for overall UK and Ireland operations has increased to £274 million (previously £267million) for 2014/2015, and for 2015/2016, the figure has increased from £296 million to £300 million. 2016/2017 forecasts indicate a profit figure of £327 million, a slight increase on the previous forecast of £324 million.

Total retail profit for the global business in 2014/2015 has been lowered further to £772 (down from £784 million in August and £848 million in June).  2015/2016 figures retain the £852 million figures given in August (down from £945 million in June) 

In January 2017 this figure is expected to reach £923 million, down from August's forecast of £929 million and June's 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)

08 October 2014

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