Updates

B&M European Retail - Beats EBITDA expectations by 25%!

September 2020

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.

The shares soared to an all-time high of 485p after the general merchandise value retailer released an unscheduled update that said its current expectation for the six months ended 26th September is that adjusted EBITDA is likely to be in the range of £250m-£270m. That’s well ahead of a consensus of analysts forecasts, which was for £208.1m. It said that given the uncertainty of the expected progression of Covid-19 and the economic outlook, it cannot put out a forecast for the second half. Highlighted most recently in May at 269.5p, the shares have gained 72%. As a well-run value retailer, B&M is well-placed to exploit the economic softness further still in the months ahead. We are strong holder ...

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