Published on 20 August 2015

Kingfisher analyst estimates update - H1 2015/16

Like-for-like sales: B&Q UK & Ireland's half year like-for-like sales are expected to increase by 0.9%; Castorama France by 0.6% and Poland by 2.7%. Bricot Depot France is expecting to see a 0.7% decline.

Retail profit: Kingfisher UK & Ireland's 2015/16 half year retail profit is expected to reach £180 million; Kingfisher France is anticipating profit of £175 million while Other International is forecast to reach £54 million.

Like-for-like sales summary

%

Aug 2015/16

Jan 2015/16

Jan 2016/17

Jan 2017/18

Half year

Full year

Full year

Full year

B&Q UK & Ireland 0.9% 1.6% 2.6% 2.2%
Castorama France 0.6% 0.9% 1.6% 1.8%
Brico Dépôt France (0.7%) 0.0% 1.2% 1.6%
Poland 2.7% 1.9% 2.1% 2.4%

Retail profit summary

£ millions

Aug 2015/16

Jan 2015/16

Jan 2016/17

Jan 2017/18

Half year

Full year

Full year

Full year

UK & Ireland 180  300 322 340
France 175  320 336 354
Poland 53 114 119 125
Other 1 8 22 32
Other International 54  122 141 157
Total retail profit 409 742 799 851
Associate and JV interest and tax (4) (6) (7) (7)
Central costs (20) (41) (42) (43)
Interest (5) (10) (7) (5)
Profit before tax 380  685 743 796
Tax N/A (177) (190) (206)
Profit after tax N/A 508 553 590
Earnings per share N/A 21.9 24.1 26.0
Euro rate 1.38 1.39 1.40 1.40
PLN rate 5.69 5.73 5.78 5.78

Information correct as at 19 August 2015.

The figures above are a simple arithmetic average of the most recent forecasts that have been provided to Kingfisher by registered investment analysts. As such, the figures do not give greater weight to more recent forecasts or to the forecasts of any individual analyst, nor are they adjusted to exclude forecasts that pre-date a significant announcement or event, and therefore may or may not represent the market consensus. These average estimates are not endorsed by Kingfisher, nor does Kingfisher assume any obligation to update or revise them after the date above.

Source: http://www.kingfisher.com/

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