Insight Report 4 minutes Premium

Kingfisher (LSE:KGF) 2015 Results: Screwfix Fixed the Results

Executive Summary

  • Kingfisher reported a 2015 revenue decline of 4.8%, to £10.4 billion, above the consensus estimate of £10.3 billion. Sales were up 3.8% in constant currency and adjusted to exclude B&Q China, to £10.3 billion.
  • Operating profit before exceptional items was up 0.7%, to £692.0 million, beating expectations of £682.8 million. Adjusted diluted EPS was up 3.8%, to £0.22, versus the consensus estimate of £0.21. The performance of Screwfix in the UK and of the operations in Poland strengthened results.
  • The company plans to generate an additional £500 million in sustainable annual profit in the next five years. For 2016, Kingfisher maintains a positive outlook for the UK but remains cautious on France and the wider global economy.

This report is for paying subscribers only. Already a paying subscriber? Please log in to see the entire report.
If you wish to learn more about our subscription plans and become a paying subscriber, click here.