Kingfisher names new CEO. Kingfisher stock falls 1.20 percent
Published on 10/20/2026 at 12:37 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSLeadership and earnings signals
- Kingfisher named Sebastian Gundel as chief executive on October 13, 2026, with the role starting in February 2027.
- Adjusted pre-tax profit rose 9.9 percent to GBP 404 million in the six months to July 31, 2026.
- Kingfisher stock trades at EUR 4.10 at 12:32 p.m. CEST at Lang & Schwarz on October 20, 2026, 1.20 percent below the Xetra close of October 19, 2026.
- Deutsche Bank set a GBp 330.00 target on October 2, 2026, after raising it from GBp 300.00.
Kingfisher (ISIN GB0033195214) named Sebastian Gundel as its next chief executive on October 13, 2026, with the OBI boss due to start in February 2027. According to Yahoo Finance, CFO Bhavesh Mistry will serve as interim CEO after Thierry Garnier leaves at the end of 2026.
Profit guidance sets the baseline
The leadership change comes after a stronger first half. TickStock reported that adjusted pre-tax profit rose 9.9 percent to GBP 404 million in the six months to July 31, 2026. Kingfisher raised full-year adjusted pre-tax profit guidance to GBP 595 million to GBP 635 million from GBP 565 million to GBP 625 million.
The operating mix was uneven. Total sales including marketplace gross merchandise value rose 1.6 percent, while like-for-like sales increased 0.3 percent. Screwfix delivered 5.6 percent like-for-like growth, and marketplace gross merchandise value rose 42 percent to GBP 372 million, according to TickStock.
What does the target imply?
The market still sees a valuation test ahead of the succession. MarketBeat said Deutsche Bank raised its target from GBp 300.00 to GBp 330.00 on October 2, 2026, while its rating moved to Hold. The same report cited a consensus target of GBp 316.71 from seven analysts.
Three milestones shape the story
On September 22, 2026, Kingfisher reported adjusted pre-tax profit of GBP 404 million and lifted its full-year range to GBP 595 million to GBP 635 million, according to TickStock. On October 2, 2026, Deutsche Bank set a GBp 330.00 target after raising it from GBp 300.00, as reported by MarketBeat. On October 13, 2026, Kingfisher named Sebastian Gundel as chief executive from February 2027, according to Yahoo Finance.
Next date for investors
Kingfisher's next third-quarter trading update is scheduled for November 24, 2026, according to TickStock. That update will provide the next quantified test of Screwfix momentum and the higher profit range.
Stock price and valuation
Kingfisher stock was trading at EUR 4.10 at Lang & Schwarz on October 20, 2026, at 12:32 p.m. CEST, down 1.20 percent versus the Xetra close of October 19, 2026, at EUR 4.15. The primary listing is on the London Stock Exchange, where the stock was last quoted at GBp 342.20 on October 20, 2026, at 12:34 p.m. BST. Its market capitalization was GBP 5.6 billion, and its 52-week range was GBp 266.40 to GBp 372.30 as of October 20, 2026.
The further course of trading is shown by the continuously updated real-time quote of Kingfisher stock.
Kingfisher stock at a glance
- Company: Kingfisher plc
- ISIN: GB0033195214
- Ticker: KGF
- Primary exchange: London Stock Exchange
- Price Lang & Schwarz (as of October 20, 2026, 12:32 p.m. CEST): EUR 4.10
- Change versus Xetra close: minus 1.20 percent
- Xetra close (October 19, 2026): EUR 4.15
- Market capitalization: GBP 5.6 billion (as of October 20, 2026)
- 52-week range: GBp 266.40-372.30 (as of October 20, 2026)
- Sector / Industry: Consumer Cyclical / Home Improvement
- Index membership: FTSE 100
Market context: Market report FTSE 100.
