B&M European Value Retail S.A. (DI) (BME)

Sector:

Retailers

Index:

FTSE 100

366.70p
   
  • Change Today:
    -19.70p
  • 52 Week High: 644.00
  • 52 Week Low: 355.80
  • Currency: UK Pounds
  • Shares Issued: 1,001.23m
  • Volume: 2,997,669
  • Market Cap: £3,671.50m
  • RiskGrade: 144

B&M sees FY profits ahead of consensus after strong Xmas

By Michele Maatouk

Date: Thursday 06 Jan 2022

LONDON (ShareCast) - (Sharecast News) - Discount retailer B&M European Value Retail said on Thursday that full-year profits were set to be above analyst expectations following a "strong" performance over the Christmas period.
In a third-quarter trading update, the company said it now expects FY22 group adjusted EBITDA on a pre-IFRS16 basis of between £605m and £625m, which is ahead of consensus expectations of £578m.

In the 13 weeks to 25 December, revenue was up 14% on a two-year basis versus pre-pandemic levels, B&M said.

Year-on-year at constant currency, revenue was 0.1% higher in third quarter. However, total B&M UK fascia revenue fell 2.5% year-on-year, with one-year LFL revenue down 6.2%.

The retailer hailed a "strong" performance across categories, with "excellent" sell-through of seasonal ranges supporting gross margin in the quarter.

Chief executive Simon Arora said: "The group has delivered a very strong Golden Quarter, with our two-year like-for-like performance demonstrating strong retention of new customers. Our decision to take receipt of imported Christmas stock early in the season meant we were able to provide customers with great products at great prices.

"Although the pandemic continues to create challenges for retailers and consumers alike, our relentless focus on value-for-money remains undiminished. Despite ongoing supply chain disruption, inflationary pressures and uncertainty surrounding possible Covid-related restrictions, we remain confident in B&M's prospects for 2022."

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

BME Market Data

Currency UK Pounds
Share Price 366.70p
Change Today -19.70p
% Change -5.10 %
52 Week High 644.00
52 Week Low 355.80
Volume 2,997,669
Shares Issued 1,001.23m
Market Cap £3,671.50m
RiskGrade 144

BME Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
62.18% above the market average62.18% above the market average62.18% above the market average62.18% above the market average62.18% above the market average
36.17% above the sector average36.17% above the sector average36.17% above the sector average36.17% above the sector average36.17% above the sector average
Price Trend
64.12% below the market average64.12% below the market average64.12% below the market average64.12% below the market average64.12% below the market average
21.57% below the sector average21.57% below the sector average21.57% below the sector average21.57% below the sector average21.57% below the sector average
Income
64.87% above the market average64.87% above the market average64.87% above the market average64.87% above the market average64.87% above the market average
3.70% above the sector average3.70% above the sector average3.70% above the sector average3.70% above the sector average3.70% above the sector average
Growth
34.81% above the market average34.81% above the market average34.81% above the market average34.81% above the market average34.81% above the market average
8.00% above the sector average8.00% above the sector average8.00% above the sector average8.00% above the sector average8.00% above the sector average

What The Brokers Say

Strong Buy 6
Buy 1
Neutral 11
Sell 0
Strong Sell 1
Total 19
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

BME Dividends

  Latest Previous
  Final Special
Ex-Div 30-Jun-22 16-Dec-21
Paid 05-Aug-22 14-Jan-22
Amount 11.50p 25.00p

Trades for 30-Jun-2022

Time Volume / Share Price
16:36 3,177 @ 366.70p
16:35 1,036,646 @ 366.70p
16:29 103 @ 368.60p
16:29 750 @ 368.60p
16:29 64 @ 368.50p

BME Key Personnel

CEO Simon Arora
CFO Alex Russo

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