DuluxGroup's strong paint brands operate in an attractive oligopoly market structure.
Narrow moat-rated Dulux is scheduled to release its fiscal 2016 results on 8 November. We are forecasting 6% growth in net profit after tax to AUD 132 million (EPS of AUD 0.34) and DPS growth of 13% to AUD 0.26 (100% franked). We expect earnings to benefit from further growth in housing completions to approximately 195,000 (up 4.7%) in 2016 and 4% growth in alterations and additions, or A&A, activity to AUD 7.9 billion. We also look to greater strategic clarity around the Alesco division (pr...DuluxGroup is engaged in the manufacture, marketing, manufacture, marketing, sale and distribution of branded paint, coatings, adhesives, garden care and other building products to the residential home improvement, commercial and infrastructure markets across Australia, New Zealand and Papua New Guinea, China, South East Asia and the U.K. Co. supplies paints and coatings under the Dulux brand; consumer and construction products under the Selleys and Parchem brands; cabinet and architectural hardware under the Blum, Hera, SecureView, Assa Abloy and Breezway brands; and Yates garden care and home improvement products.
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