Kingfisher's analysts update 3-year forecasts

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 -1.3% for the full year ending January 2013, with retail profit of £259 million. For the UK and Ireland overall, profit is expected to reach £295 million.

Kingfisher’s analysts have forecast a 1.8% increase on B&Q like-for-likes for 2013/2014, with £288 million in retail profit (£329 million for overall UK and Ireland operations).

A positive forecast has been given for 2014/2015, with a 2.0% increase in like-for-likes and a profit figure of £317 million (£361 million for overall UK and Ireland operations).

Total retail profit for the global business is forecast to reach £908 million in January 2013 – a figure noted in the May 2011 update as £938 million. The figure will grow to reach £997 million in January 2014. January 2015 figures indicate a total retail profit forecast of £1,089 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