ANALYST VIEWS: IS KINGFISHER’S RECOVERY SUSTAINABLE ?

PHILIP DORGAN | ALTIUM SECURITIES
Kingfisher could, over the long term, double its business in Poland and Spain, treble in Turkey and quadruple in Russia, with China moving towards profitability. It also has potential to improve profits further in the UK. All of this should drive decent earnings growth, cash generation and higher returns.

KEITH BOWMAN | HARGREAVES LANDSDOWN
Management self help initiatives and the group’s geographical diversification continue to shield Kingfisher from the worst of the current economic difficulties. Buoyant sales in countries such as Russia and Poland have helped offset more challenging conditions in the UK. In all management continues to churn out a progressive performance.

NICK BUBB | ARDEN
The flat sales at B&Q are slightly disappointing, given the weak comparisons from the snow last January, which isn’t mentioned in the statement, funnily enough, but Poland did well. With the final results on 24 March to set out new long-term growth targets for the group, there is still much to like about Kingfisher.