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B&M European Retail

January 2019

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 highlighted a sharper slow-down than expected, triggering a share price wobble. For the six months ended 29th September it revealed a 16% rise in revenues to £1,563m, while adjusted EBITDA rose 14% to £131.8m. Eps increased 14% to 8.0p.Within the UK it opened 23 new stores of which five are relocations and it now has 591 B&M Stores. UK revenues rose 7.1% (0.9% rise in like-for-like), with the first quarter being strong (+3.6% like-for-like) but July and August were flat, partly because gardening and outdoor ranges were sold earlier than usual (benefiting Q1). September returned to growth thanks to the delivery of new autumn / winter products. EBITDA margin improved 0.42% to 9.5% thanks to r ...

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B&M European Retail

January 2019

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