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.