LONDON: Kingfisher, Europe's largest home improvement retailer, said on Monday it was targeting a 500 million pounds ($715 million) increase in sustainable annual profit in five years time.

In a statement released ahead of a presentation to investors and analysts on the firm's long term strategy the firm also said it planned a capital return of 600 million pounds over the next three years in addition to annual dividend payments.

Kingfisher trades as B&Q and Screwfix in Britain and Castorama and Brico Depot in France, its most profitable market.

Copyright Reuters, 2016