Full Year 2021 B&M European Value Retail SA Earnings Call Transcript

Jun 03, 2021 / 08:00AM GMT
Operator

Ladies and gentlemen, hello, and welcome to the B&M Retail Limited full year results. I will shortly be handing you over to Simon Arora, CEO; and Alex Russo, CFO, who will take you through today's presentation. (Operator Instructions) Just to remind you, this conference call is being recorded. For now, over to Simon Arora, CEO; and Alex Russo, CFO at B&M Retail Limited. Please begin your presentation.

Sundeep Arora - B&M European Value Retail S.A. - CEO & Executive Director

Good morning, everyone, and thank you for joining us this morning to hear of the results for our FY '21 for the B&M European Value Retail Group.

Just to set out a few highlights before I hand over to Alex, our CFO, these, you see, in front of you, the group delivered revenues of GBP 4.8 billion. Behind that headline, the highlights are that our Q4, within our core B&M U.K. business, showed the strongest LFLs of the year at 29%. We opened 43 new stores in the U.K. under the B&M banner, which was very pleasing given the disruption at the beginning of the

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