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Kingfisher raised profit forecast to £540–570M on strong UK/Ireland sales and cost savings, despite weak demand.
Kingfisher raised its full-year pre-tax profit forecast to £540–£570 million, up from £480–£520 million, citing strong UK and Ireland sales growth, e-commerce performance, and cost savings, despite softer market conditions and weak seasonal demand.
The company reported a 0.9% like-for-like sales increase, with UK and Ireland sales up 3%, driven by big-ticket items, trade customers, and the closure of Homebase stores.
Shares rose 4.9% amid investor confidence in its strategic progress and margin management, though analysts note ongoing risks from economic uncertainty and underperforming French operations.
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Kingfisher elevó la previsión de ganancias a £540570 millones gracias a las fuertes ventas en el Reino Unido/Irlanda y a los ahorros en costes, a pesar de la débil demanda.