Kingfisher (KGF)

Sector:

Retailers

Index:

FTSE 100

249.40p
   
  • Change Today:
      3.40p
  • 52 Week High: 262.60
  • 52 Week Low: 201.20
  • Currency: UK Pounds
  • Shares Issued: 1,874.40m
  • Volume: 5,642,429
  • Market Cap: £4,674.76m
  • RiskGrade: 158

Kingfisher closes French stores; Feb group sales up

By Frank Prenesti

Date: Monday 16 Mar 2020

LONDON (ShareCast) - (Sharecast News) - DIY group Kingfisher said it had closed all 221 of its Castorama and Brico D?p?t stores in France until April 14 in line with government restrictions to combat the coronavirus pandemic.
The company on Monday said its 28 stores in Spain were also shut until March 29, as it warned there was significant uncertainty on sales and demand as the pandemic spread.

It added that it is taking "immediate and significant" actions to cut costs and protect its financial position.

This included reducing operating expenditures, stock and goods not for resale purchases, stopping all but essential capital expenditure, and making use of tax payment and other government relief measures.

Up to Saturday 14 March we have experienced no impact on demand from COVID-19.

The company said February group like-for-like sales were up +7.6%, or 2.3% excluding the leap year impact.

In the first two weeks of March up to March 14 sales continued to be positive with growth across all businesses within it core markets, strongly supported by internet sales.

"However, there is significant uncertainty on sales and demand as the outbreak spreads, and as central governments and businesses take action to contain and delay its impact," Kingfisher said.

The company added that it limited financial debt of ?136m at January 31 with total net debt of ?2.5bn.

"Given recent government actions and the heightened impact and uncertainty of changes in the magnitude, duration and geographic reach of Covid-19, we are not yet able to predict the impact...on our 2020/21 full year results," the company said.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Kingfisher Market Data

Currency UK Pounds
Share Price 249.40p
Change Today 3.40p
% Change 1.38 %
52 Week High 262.60
52 Week Low 201.20
Volume 5,642,429
Shares Issued 1,874.40m
Market Cap £4,674.76m
RiskGrade 158

Kingfisher Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
92.18% above the market average92.18% above the market average92.18% above the market average92.18% above the market average92.18% above the market average
94.74% above the sector average94.74% above the sector average94.74% above the sector average94.74% above the sector average94.74% above the sector average
Price Trend
24.80% above the market average24.80% above the market average24.80% above the market average24.80% above the market average24.80% above the market average
31.71% above the sector average31.71% above the sector average31.71% above the sector average31.71% above the sector average31.71% above the sector average
Income
72.47% above the market average72.47% above the market average72.47% above the market average72.47% above the market average72.47% above the market average
44.44% above the sector average44.44% above the sector average44.44% above the sector average44.44% above the sector average44.44% above the sector average
Growth
93.76% below the market average93.76% below the market average93.76% below the market average93.76% below the market average93.76% below the market average
70% below the sector average70% below the sector average70% below the sector average70% below the sector average70% below the sector average

What The Brokers Say

Strong Buy 2
Buy 1
Neutral 7
Sell 5
Strong Sell 1
Total 16
neutral
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Kingfisher Dividends

  Latest Previous
  Final Interim
Ex-Div 16-May-24 12-Oct-23
Paid 25-Jun-24 17-Nov-23
Amount 8.60p 3.80p

Trades for 28-Mar-2024

Time Volume / Share Price
16:35 3,514,010 @ 249.40p
16:35 1,110 @ 249.40p
16:35 38,559 @ 249.40p
16:35 24,732 @ 249.40p
16:35 3,376 @ 249.40p

Kingfisher Key Personnel

Chair Andrew Cosslett
CEO Thierry Garnier
CFO Bernard Bot

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