Kingfisher drops the fish
Published: 08 September, 2009
LONDON: Kingfisher, which includes B&Q and Screwfix as part of its group of companies, is announcing indicative trading figures for the six months to 1 August 2009, ahead of the planned disclosure of its interim results scheduled for 17 September.
Due to an administrative error, some draft figures were circulated externally on the afternoon of the 7 September. While the numbers have not yet been formally approved, Kingfisher recognises its regulatory responsibilities and therefore announces that it expects to report adjusted pre-tax profit in the range of £285m-£290m for the six months to 1 August 2009.
This corresponds to a retail profit in the range of £345m-£350m, broadly made up of UK and Ireland £148m, France £146m and Other International £53m. These figures are yet to be approved by the Kingfisher Audit Committee and the Kingfisher Board and so could be subject to change.
As previously announced, Kingfisher will release its interim results on 17 September 2009. As normal, Kingfisher will provide more detail on the first half of the year, along with an outline of its plans for the balance of the year, in what is expected to be a challenging trading environment.