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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  B&M European Value Retail    BME   LU1072616219

B&M EUROPEAN VALUE RETAIL

(BME)
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Real-time Quote. Real-time CHI-X - 10/21 09:36:21 am
379.25 GBp   -0.80%
10/16B&M EUROPEAN VALUE RETAIL : Board Retirement
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08/02B&M EUROPEAN VALUE RETAIL : Crossing thresholds
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07/29B&M EUROPEAN VALUE RETAIL : Result of AGM
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B&M European Value Retail : Britain's B&M plans 50 more stores as profit rises

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05/23/2019 | 03:22am EDT

LONDON (Reuters) - Fast-growing British discounter B&M European Value Retail reported an 8.7% rise in 2018-19 profit and said it plans to open another 50 stores in its new financial year.

The company trades from around 620 B&M branded stores and 281 stores under the Heron Foods and B&M Express brands in Britain as well as the Jawoll chain in Germany and Babou brand in France.

B&M, a general goods retailer which sells everything from furniture to electricals to food, said on Thursday it made a pretax profit of 249.4 million pounds in the year to March 30, on revenue up 17.1% to 3.49 billion pounds.

In contrast to a host of UK retailers who are closing stores, due to rising costs and the shift to internet sales, the group opened a net 44 new B&M fascia stores during the year and plans at least a further 50 new openings in 2019-20. It said it was benefiting from plentiful availability of new store opportunities.

B&M said it had made a "pleasing" start to its new financial year with first quarter like-for-like sales up "mid-single digit" in B&M UK fascia stores.

"We just achieved our best ever Easter trading season, with healthy positive like-for-likes, but it would be prudent to expect more moderate like-for-like growth in the full year as a whole," said Chief Executive Simon Arora.

Shares in B&M, up 35% so far this year, were down 0.2% in early trading on Thursday, valuing the business at 3.82 billion pounds.

(Reporting by James Davey; editing by Kate Holton and Paul Sandle)

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Financials (GBP)
Sales 2020 4 027 M
EBIT 2020 289 M
Net income 2020 215 M
Debt 2020 501 M
Yield 2020 2,22%
P/E ratio 2020 17,8x
P/E ratio 2021 15,2x
EV / Sales2020 1,07x
EV / Sales2021 0,96x
Capitalization 3 825 M
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Technical analysis trends B&M EUROPEAN VALUE RETAIL
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 17
Average target price 424,47  GBp
Last Close Price 382,30  GBp
Spread / Highest target 24,2%
Spread / Average Target 11,0%
Spread / Lowest Target -11,1%
EPS Revisions
Managers
NameTitle
Simon Arora Chief Executive Officer & Executive Director
Peter Richard Bamford Non-Executive Chairman
Paul Andrew McDonald Chief Financial Officer & Executive Director
Kathleen Rose Guion Independent Non-Executive Director
Ronald Thomas McMillan Senior Independent Non-Executive Director
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