Kingfisher reported better-than-expected figures at its H1 FY21/22 results, with lfl sales and adjusted PBT coming in ahead of market expectations and management’s guidance. Lfl sales outlook for H2 has been raised, the share buy-back programme re-introduced and the interim dividend increased. However, the share price was down c.5% today, as investors worried about inflationary cost pressures and supply chain constraints which are expected to continue into 2022. We will update our estimates and ....
21 Sep 2021
Strong H1 showing; tougher times ahead
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Strong H1 showing; tougher times ahead
Kingfisher Plc (KGF:LON) | 244 -11.2 (-1.9%) | Mkt Cap: 4,562m
- Published:
21 Sep 2021 -
Author:
Nishant Choudhary | Vansh Mehta -
Pages:
3
Kingfisher reported better-than-expected figures at its H1 FY21/22 results, with lfl sales and adjusted PBT coming in ahead of market expectations and management’s guidance. Lfl sales outlook for H2 has been raised, the share buy-back programme re-introduced and the interim dividend increased. However, the share price was down c.5% today, as investors worried about inflationary cost pressures and supply chain constraints which are expected to continue into 2022. We will update our estimates and ....