B&M European Value Retail PLC (FRA:7Z5)

Full Year 2025 B&M European Value Retail SA Earnings Call Transcript

Jun 4, 2025 / 08:30 AM GMT

Release Date Price: €3.4 (-14.14%)

Transcript

Key Points

Positve

B&M European Value Retail SA (BMRPF) reported a total revenue growth of 3.7% year-on-year, reaching £5.6 billion, driven primarily by new store openings.
The company maintained a healthy leverage ratio of 1.26 times on a pre-IFRS 16 basis, allowing for a proposed final dividend of 9.7p, bringing the full-year dividend to 15p per share, a 2% increase from 2024.
B&M's gross profit margin increased from 37.1% to 37.6% in 2025, with B&M UK contributing a 42 basis point increase.
The company has returned £2.1 billion to shareholders over the last five years, with £1 billion returned in the last three years post-COVID.
B&M's new stores are performing as expected, and the company continues to strengthen its supply chain infrastructure, supporting long-term growth.

Negative

B&M faced disappointing like-for-like sales, with a 3.1% decrease in full-year figures, attributed to challenging market conditions and in-store execution issues.
Operating costs increased by 7.2% year-on-year, with B&M UK seeing an 8% rise due to increased store estate and higher volumes from low average selling prices.
The company experienced a decline in earnings per share from 35.9p to 33.5p, impacted by depreciation of a larger asset base and higher interest rates.
B&M France and Heron Foods faced increased operating costs, with Heron's adjusted EBITDA decreasing from £35 million to £30 million due to lower revenues.
The company anticipates significant cost pressures in 2026, with £75 million of additional costs for B&M UK, including national insurance, minimum wage increases, and packaging taxes.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

BMEB.L - B&M European Value Retail SA
Full Year 2025 B&M European Value Retail SA Earnings Call
Jun 04, 2025 / 08:30AM GMT

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Presentation
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Unidentified_1 [1]
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Good morning everybody. I hope you're all well.

Welcome to B&M's full year results presentation for 2025.

Today we're covering our performance through the 52 weeks ending 29th of March.

I'm Mike Schmidt, the group CFO, and I'll be leading the presentation today. Joining me, three familiar faces Gareth Bilton, sorry, our buying director, almost got that wrong.

Moved on. John Parry, our supply chain director, and James Q, our retail director.

Today's presentation clearly is all about the results for 2025.

There's clearly been challenges that we've faced.

But we're addressing those in the short term, and we'll talk about that, and

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