Kingfisher (KGF)

Sector:

Retailers

Index:

FTSE 100

241.40p
   
  • Change Today:
      2.10p
  • 52 Week High: 356.00p
  • 52 Week Low: 203.00p
  • Currency: UK Pounds
  • Shares Issued: 1,950.46m
  • Volume: 928,619
  • Market Cap: £4,708.42m
  • RiskGrade: 158

Kingfisher raises H1 outlook after strong quarter

By Sean Farrell

Date: Thursday 20 May 2021

LONDON (ShareCast) - (Sharecast News) - Kingfisher said first-half sales and profit would beat expectations after the owner of B&Q achieved strong sales growth in the first quarter.
Group sales were £3.45bn in the three months to the end of April - up 64.2% on a like-for-like basis from a year earlier and 22.5% from 2019 at constant currency.

Kingfisher, which also owns Screwfix, raised its first-half like-for-like sales outlook to 'mid to high teens' from 'low double digit' and said adjusted pretax profit would be £580-600m, ahead of its previous expectations. The FTSE 100 company left its second-half guidance unchanged and said it was aiming to increase annual profit ahead of sales.

In the UK and Ireland like-for-like sales rose 65% to £1.83bn from a year earlier and 38.6% from 2019 and in France equivalent sales were £1.18bn - up 102% from a year earlier and 18.1% over two years. Sales in other markets rose 5.9% to £444m from a year earlier, held back by falling sales in Poland.

Thierry Garnier, Kingfisher's chief executive, said: "With the strong start to the year, we now anticipate first half sales and adjusted pretax profit to be ahead of our previous expectations. Whilst the second half of the financial year remains naturally uncertain, we continue to see supportive long-term trends for our industry and are confident of continued outperformance of our wider markets."

Kingfisher has benefited from a frenzied housing market in the UK and people spending money to improve and adapt their homes during the pandemic. The company said the second quarter started positively with like-for-like sales up 8.2% from a year earlier and 25% from 2019.

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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 241.40p
Change Today 2.10p
% Change 0.88 %
52 Week High 356.00p
52 Week Low 203.00p
Volume 928,619
Shares Issued 1,950.46m
Market Cap £4,708.42m
RiskGrade 158

Kingfisher Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
27.48% above the market average27.48% above the market average27.48% above the market average27.48% above the market average27.48% above the market average
6.67% below the sector average6.67% below the sector average6.67% below the sector average6.67% below the sector average6.67% below the sector average
Price Trend
18.19% below the market average18.19% below the market average18.19% below the market average18.19% below the market average18.19% below the market average
40.43% above the sector average40.43% above the sector average40.43% above the sector average40.43% above the sector average40.43% above the sector average
Income
73.44% above the market average73.44% above the market average73.44% above the market average73.44% above the market average73.44% above the market average
69.23% above the sector average69.23% above the sector average69.23% above the sector average69.23% above the sector average69.23% above the sector average
Growth
42.22% above the market average42.22% above the market average42.22% above the market average42.22% above the market average42.22% above the market average
6.67% above the sector average6.67% above the sector average6.67% above the sector average6.67% above the sector average6.67% above the sector average

What The Brokers Say

Strong Buy 1
Buy 1
Neutral 10
Sell 5
Strong Sell 2
Total 19
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
  Interim Final
Ex-Div 06-Oct-22 19-May-22
Paid 11-Nov-22 27-Jun-22
Amount 3.80p 8.60p

Trades for 09-Dec-2022

Time Volume / Share Price
12:39 19 @ 241.40p
12:34 275 @ 241.40p
12:34 5,217 @ 241.40p
12:31 194 @ 241.40p
12:30 161 @ 241.40p

Kingfisher Key Personnel

Chair Andrew Cosslett
CEO Thierry Garnier
CFO Bernard Bot

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