LONDON, Sept 17 (Askume) – European home improvement retailer Kingfisher (KGF.L) reported flat first-half profit, reflecting weak demand for more discretionary “big-ticket” purchases, but it upgraded its forecast for-year profit outlook.
The FTSE 100-listed group, which owns B&Q and Screwfix in the UK as well as Castorama and Brico depots in France and other markets, said on Tuesday it now expects adjusted pre-tax profit of 510 million pounds to 550 million pounds (about 500 million pounds (US$674-US$727 million) for the 2024/25 financial year, compared with a previous forecast of 490 million to 550 million pounds. In 2023/24, the company’s revenue was £568m.
($1 = 0.7570 British pounds)
