Kingfisher released Q4 and FY15/16 results broadly in line with our estimates and slightly ahead of market consensus. In Q4, lfl revenue increased by 2.8% (vs 2.6% in Q3 and 2% in H1); Screwfix (+15.1% vs. +13.3% in Q3, 16.5% in H1) led the pack with strong digital and mobile growth, and the roll-out of new and extended product ranges. B&Q clocked 4.4% growth (vs. +2.4% in Q3 vs 0.7% in H1) on the back of stronger demand of indoor products (excluding showrooms: kitchen and bathroom). Howe
