Updates

B&M European Retail

August 2021

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.

Having raised forecasts in March B&M has beaten them again with finals showing EBITDA increasing 83% to £626.4m, above its £590m-£620m guidance. Adjusted pretax profit increased 108% to £540m while eps rose 114% to 43.3p. B&M threw off £944m cash flow (FY’20: £539.5m) reflecting tight working capital discipline, leaving net debt / EBITDA at just 0.8x. Discount convenience food chain Heron posted broadly unchanged EBITDA of £24.6m while French business Babou turned the previous year’s loss into a £11.1m EBITDA profit. However, the heavy lifting was done by B&M UK, the core variety goods discount retailer, which increased EBITDA 85% to &poun ...

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Crest Nicholson

Marstons - Pub retailer an exciting re-opening trade

B&M European Retail (June 2024)

B&M European Retail (February 2024)

B&M European Retail - Acquires “up to 51 Wilco stores” (October 2023)

B&M European Retail - Shares spike after update (July 2023)

B&M European Retail (July 2022)

B&M European Retail (November 2021)

B&M European Retail (May 2021)

B&M European Retail (February 2021)

B&M (January 2021)

B&M European Retail - Upgrades profit guidance (November 2020)

B&M European Retail - Beats EBITDA expectations by 25%! (September 2020)

B&M European Retail - Shares spike towards all time high (August 2020)

B&M European Retail - Sales up 22.7% in first eight weeks! (July 2020)

B&M European Retail - Shops designated an essential service with footfall high due to stockpiling (May 2020)

B&M European Retail - Sells loss-making German business (April 2020)

B&M European Retail (December 2019)

B&M European Retail - Q1 sales rise 21% (September 2019)

B&M European Retail (July 2019)

B&M European Retail (February 2019)

B&M European Retail (January 2019)

B&M European Retail (September 2018)

B&M European Retail (August 2018)

B&M European Retail - Problems at Poundland create new opportunity (February 2018)

B&M European Value Retail - Acquires Heron Foods Group (October 2017)

B&M European Value Retail (September 2017)

B&M European Value Retail - Increases UK store target to 950 (July 2017)

B&M European Value Retail - Value retailer eyes another 300+ stores in UK (March 2017)

B&M European Value Retail - Discount retailer growing like topsy (February 2017)

B&M European Retail (January 2016)

B&M European Retail - To open another 60 stores this year (August 2015)

B&M European Retail (March 2015)

B&M European Retail (January 2015)

B&M European Retail - Fast growing discount retailer plans to double store numbers (November 2014)

B&M European Retail - Fast-growing discount retailer comes to market (August 2014)

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