It was yet another challenging year for Kingfisher, as the subdued performance continued in France. A poor show at Castorama and in other international businesses offset the improved profitability in the UK and Poland. We believe investors might become increasingly impatient if the ongoing issues in the French and B&Q businesses endure and the ‘One Kingfisher’ transformation plan fails to deliver quickly.
20 Mar 2019
France remains a pain-point for Kingfisher
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France remains a pain-point for Kingfisher
Kingfisher Plc (KGF:LON) | 250 1 0.2% | Mkt Cap: 4,674m
- Published:
20 Mar 2019 -
Author:
Mohit Rathi -
Pages:
3
It was yet another challenging year for Kingfisher, as the subdued performance continued in France. A poor show at Castorama and in other international businesses offset the improved profitability in the UK and Poland. We believe investors might become increasingly impatient if the ongoing issues in the French and B&Q businesses endure and the ‘One Kingfisher’ transformation plan fails to deliver quickly.