Kingfisher announced an aggressive transformation plan on its Capital Markets Day, aiming to uplift PBT by £500m through to 2021 (FY14-15: £674m). The total cash expense of the programme is estimated at c. £800m (capex: £310m + operating expense: £220m + exceptional costs: £270m). Highlights of the plan include: • Unique and unified offer - Plan to reduce COGS (c.£7bn) by 5% through unification of product categories (reduce SKUs from 27,790 to 6,
17 Feb 2016
Ambitious turnaround plan; value locked in execution
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Ambitious turnaround plan; value locked in execution
Kingfisher Plc (KGF:LON) | 245 -6.4 (-1.0%) | Mkt Cap: 4,593m
- Published:
17 Feb 2016 -
Author:
Nishant Choudhary -
Pages:
3
Kingfisher announced an aggressive transformation plan on its Capital Markets Day, aiming to uplift PBT by £500m through to 2021 (FY14-15: £674m). The total cash expense of the programme is estimated at c. £800m (capex: £310m + operating expense: £220m + exceptional costs: £270m). Highlights of the plan include: • Unique and unified offer - Plan to reduce COGS (c.£7bn) by 5% through unification of product categories (reduce SKUs from 27,790 to 6,