Updates

B&M European Retail

August 2018

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

Discount retailer B&M produced another strong set of results for the year ended March with sales, pretax profit and eps all rising 22%, 25% and 30% to £2.98bn, £229m and 18.6p, respectively.In the UK, EBITDA grew 17.5% to £262m while it opened 47 new B&M stores (39 net of relocations and closures) and at least another 45 are planned for the current year. That took it to 576 stores at the year end and it is targeting growth to at least 950 in the medium term.Meanwhile, Heron Foods delivered excellent maiden performance, generating £11.7m EBITDA in the first eight months of ownership and is also proving an effective platform for the introduction of frozen & chilled foods, which is now in 72 B ...

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