Via The Australian:
In a major report this week, and after surveying tradies, Macquarie Equities said Bunnings was well placed to grow its market share and addressable market.
Macquarie, whose investment banking arm is one of three banks advising Wesfarmers on the $20 billion Coles demerger, expects Bunnings’ ANZ sales to reach $15 billion by 2020, compared with $11.5 billion in 2017, and earnings (EBITDA) to reach $2 billion.