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B&M European Retail

July 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.

B&M is amongst the vanguard of discount retailers taking the market by storm and results showed revenues up 17% to £3,486m, while pretax profit rose 8% to £240m. Eps rose 11% to 19.7p.In the UK EBITDA rose 13.5% to £297m, with margins growing 0.45% to 10.6%. Like-for-like revenues grew just 0.7% (2018: 4.7%) with strong growth in groceries and fast moving consumer goods (FMCG) offset by weak Homewares performance (c. 16% divisional sales). That meant like-for-likes grew 5.8% in Q4. Encouragingly, this year has started well with Q1 like-for-like sales up “mid-single digit.” It opened 54 new stores and closed 10, with another 50 planned in H2 Management have invested in a new 1m sq ft. dis ...

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B&M European Retail

July 2019

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