B&M European Value Retail SA (OTCPK:BMRPF)
$ 6.508 -0.388 (-5.63%) Market Cap: 6.89 Bil Enterprise Value: 9.41 Bil PE Ratio: 15.80 PB Ratio: 7.62 GF Score: 91/100

Half Year 2020 B&M European Value Retail SA Earnings Call Transcript

Nov 12, 2019 / 08:30AM GMT
Release Date Price: $4.76
Sundeep Arora
B&M European Value Retail S.A. - CEO & Executive Director

Good morning, everyone. Thank you for joining me this morning. With me, of course, is Paul McDonald, our CFO. And as per usual, if I may, I'll start off with some introductory remarks.

So you see the headlines on Slide 2 of our presentation. The group revenues increased by 21%, and that's obviously a combination of organic growth and then the impact of the acquisition of Babou. Our U.K. business is, over the 6-month period, best described as firing on all cylinders. We've been delighted with the ongoing trading at B&M in the U.K., and as you see, we report this morning a market beating like-for-like of plus 3.7%, which you'll see later in the presentation is actually remarkably consistent performance over the half year.

Our new store program is going particularly well. Those who've read the detail of the announcement, will see a proud boast that over the 30-year history of B&M, our top 5 new store opening days have taken place in the last 12 months, which really speaks to the popularity and appeal

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