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Kingfisher's latest analyst estimates show scaled back LFL and profit figures

Kingfisher PLC has released updated analyst estimates for its global operations to January 2017.

In the December 2014 update, analysts forecast a 1.6% increase (down from the 2.1% and 4.2% given in October and June's updates, respectively) 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 now forecast to see a 1.3% rise (2.1% in previous estimate) increase in like-for-like sales, while in 2016/2017, like-for-like sales are expected to increase by 1.7% (a reduction on the 2.2% and 2.8% forecast from the October and June updates).

Anticipated retail profit for overall UK and Ireland operations has been scaled back to £267 million (previously £274 million) for 2014/2015, and for 2015/2016, the figure has reduced from £300 million to £283 million. 2016/2017 forecasts indicate a profit figure of £305 million, a reduction on the previous forecast of £327 million.

Total retail profit for the global business in 2014/2015 has been lowered again, to £733 million (down from £772 million in October; £784 million in August,and £848 million in June). 2015/2016 figures have dropped from a predicted £852 million in October and £945 million in June, to £781 million.

In January 2017 this figure is expected to reach £844 million, down from October's forecast of £923 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)

11 December 2014

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