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Kingfisher updates analyst estimates

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

In the UK and Ireland, B&Q is forecast to see a decrease in like-for like sales of -3.7% (the previous update estimate was -2.9%) for the full year ending January 2013, with retail profit of £204 million (previously £216 million). For the UK and Ireland overall, profit is expected to reach £243 million (previously £253 million).

Kingfisher’s analysts have forecast a 2.1% increase (previously 1.9%) on B&Q UK & Ireland like-for-likes for year ending 2013/2014, with £243 million in retail profit (down from £253 million in previous update). Expected profit for overall UK and Ireland operations has dropped to £287 million from £294 million.

A positive LFL sales forecast has also been given for 2014/2015, with a 1.9% increase (previously 1.8%) in like-for-likes and a profit figure of £272 million (previously £282 million). Overall UK and Ireland operations are forecast to reach £320 million (previous forecast showed £328 million).

Total retail profit for the global business in January 2013 is now expected to reach £796 million – a figure noted in the October 2012 update as £817 million.

In January 2014 this figure is expected to grow to reach £875 million (previously given as £898 million), while January 2015 figures indicate a total retail profit forecast of £961 million (down from £988 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)

17 January 2013
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Thank you for the excellent presentation that you gave at Woodbury Park on Thursday morning. It was very interesting and thought-provoking for our Retail members. The feedback has been excellent.

Martin Elliott. Chief Executive - Home Hardware.

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