B&M European Value Retail SA
LSE:BME

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B&M European Value Retail SA Logo
B&M European Value Retail SA
LSE:BME
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Price: 160.85 GBX -0.86% Market Closed
Market Cap: 1.6B GBX

B&M European Value Retail SA
Investor Relations

Nestled in the retail landscape is B&M European Value Retail SA, a company that has carved its niche in the value-for-money segment, offering an extensive range of products at competitive prices. Born out of the vision to provide budget-friendly shopping options, B&M has expanded its footprint primarily across the UK, where it operates a growing network of stores. The company’s strength lies in its diverse product assortment, which spans groceries, household goods, toys, and seasonal merchandise, among others. By leveraging a keen eye for market trends and consumer demand, B&M ensures that its offerings remain both relevant and appealing, often sourced directly from manufacturers to keep prices low. This direct procurement strategy maximizes operational efficiency and minimizes cost, allowing B&M to pass on tangible savings to its customers.

As B&M continues to grow, its business strategy revolves around its high-volume, low-margin model, which effectively drives footfall and sales. By maintaining a tight grip on operational costs and exercising disciplined expansion, B&M bolsters its value proposition, drawing a steady stream of budget-conscious shoppers to its stores. The company also astutely positions its outlets in strategic high-traffic locations, maximizing visibility and accessibility. This retail model thrives on high turnover and the impulse-driven nature of in-store shopping experiences, where customers often find bargains and unique items. By constantly refreshing its products and keeping the customer experience at the forefront, B&M secures its position as a leading player in the value retail sector. Through these strategies, B&M European Value Retail continues to cultivate a loyal consumer base, contributing to its robust revenue streams.

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Last Earnings Call
Fiscal Period
Q2 2026
Call Date
Nov 13, 2025
AI Summary
Q2 2026

Revenue Growth: Group revenue rose by 4% to GBP 2.75 billion, supported by new store openings and strong performance in France.

Profit Decline: Adjusted EBITDA fell sharply to GBP 191 million from GBP 274 million last year, due to flat UK like-for-like sales, lower gross margin, and higher statutory costs.

Guidance Reiterated: Management maintained full-year adjusted EBITDA guidance of GBP 470 million to GBP 520 million, despite challenging trading conditions.

Back to Basics Plan: The company launched the 'Back to B&M Basics' plan focused on pricing, range simplification, and improved availability, aimed at restoring UK like-for-like sales growth over 12–18 months.

Store Expansion: The UK store opportunity was reaffirmed at 1,200 sites, with plans to open 40–45 new stores this year.

Margin Recovery Target: Management expects UK EBITDA margins to return to low double digits in the medium term as Back to Basics initiatives take effect.

Leadership Changes: New hires were announced for Group Trading Director, interim CFO, and a combined Retail & Supply Chain head to strengthen execution.

Accounting Issue: A previously disclosed accounting error related to unrecognized freight costs prompted an external review, with findings expected in early 2024.

Key Financials
Revenue
GBP 2.75 billion
Adjusted EBITDA
GBP 191 million
UK Adjusted EBITDA Margin
7.7%
Free Cash Flow
GBP 51 million
Capital Expenditure
GBP 74 million
Leverage Ratio
1.6x pre-IFRS 16 EBITDA
Gross Profit (UK)
GBP 794 million
Staff Cost Increase (Group)
GBP 30 million
Staff Cost Increase (UK)
GBP 24 million
Producer Responsibility Tax
GBP 14 million
Store Count (UK)
786
New Stores Opened (Group)
31 gross; 15 net
New Stores Opened (UK)
23 gross; 9 net
Earnings Call Recording
Other Earnings Calls

Management

Mr. Alejandro Russo
CEO & Executive Director
No Bio Available
Mr. Mike Schmidt
CFO & Executive Director
No Bio Available
Dave McCarthy
Head of Investor Relations
No Bio Available
Mr. Alexander Simpson
General Counsel
No Bio Available
Mr. Cedric Mahieu
Chief Executive Officer of France
No Bio Available
Mr. Tony Dobbs
Managing Director of Heron Foods
No Bio Available
Mr. Anthony Giron
Managing Director of France
No Bio Available
Mr. Peter Waterhouse
Group Financial Controller
No Bio Available
Jon Parry
UK Supply Chain Director
No Bio Available

Contacts

Address
Luxembourg
9, Allee Scheffer
Contacts
+352246130208.0
www.bandmretail.com