B&M European Value Retail S.A. (B&M) is a general merchandise discount retailer in the United Kingdom, Scotland, Wales and Northern Ireland.B&M also has 49 stores in Germany, after having recently acquired an 80 per cent stake in Jawoll, a variety goods retailer based in the country's north west.
. B&M stores offer a broad range of grocery and non-grocery products across a wide range of price points. B&M stores product offering consists of Grocery products and Non-grocery products. The Company’s grocery products are branded fast moving consumer goods (FMCG) products, which include household consumables, such as cleaning supplies, health and beauty products, confectionery, drinks and ambient food products. Non-grocery products include household textiles, homewares, furniture, toys, seasonal goods, electrical goods and clothing. This includes seasonal merchandise for Christmas, Halloween, Easter, Valentine’s Day and the back to school period, along with seasonal winter and summer products.B&M European Value Retail SA trades from 400 stores with stores located across the UK with a range of High Street and Out of Town Locations. It enjoys some 150 million shopper visits per year and introduce some 50 new lines every week. Employs over 19,000 staff.


http://www.bmstores.co.uk/about-bandm-stores

Preliminary results


HIGHLIGHTS



● Group revenues increased by +29.5% to £1,646.8m (2014: £1,272.0m);

● UK like-for-like sales +4.4% (2014: +6.5%)

● Group adjusted EBITDA increased by 33.6% to £174.2m (2014: £130.4m)

● Group EBITDA increased by 33.3% to £150.2m (2014: £112.7m)

● Adjusted profit before tax increased by 55.7% to £135.0m (2014: £86.7m)

● Adjusted diluted earnings per share 10.3p (2014: 6.9p)

● Diluted earnings per share 3.4p (2014: -1.9p)

● 52 net new stores opened in the UK in the period

● Strong pipeline of further new stores, and revised guidance of 60 net new openings expected for the 2016 financial year

● Integration of Jawoll proceeding to plan with increased direct sourcing and one new format pilot store opened in the period

● Operating cashflow £152.9m (2014: £114.7m)

● Net debt reduced to £381m from £432.8m in 2014

● Recommended final dividend of 2.5p per share to be paid on 7 August 2015 (pro rata total dividend for the year 3.4p)

B&M: Deutsche Bank reiterates buy and lifts target to 350p.

12 Jun Nomura 370.00 Buy
12 Jun Credit Suisse 390.00 Outperform

B&M European Value Retail S.A. will release its Trading Update for the 13 weeks to 27 June 2015 on Friday 17th July 2015, ahead of its AGM on Thursday 30th July 2015.

13 Jul RBC Capital... N/A Outperform
13 Jul Nomura N/A Buy
13 Jul Deutsche Bank 350.00 Buy

Trading statement

Group sales revenue for the 13 weeks ending 27 June 2015 increased by 25.3% (2014: 31.9%) on a constant currency basis. On an actual currency basis, total sales revenue increased by 24.4% (2014: 31.9%) to £456.6m (2014: £367.0m)



The UK business' sales revenue for the 13 week period increased by 22.8% to £418.8m (2014: £341.2m) with like-for-like sales growth of +1.1%.

Sales-slowdown-cheap-cheerful-chain-labelled-new-Woolworths-fails-halt-growth-ambitions.

13 Dec
Peel Hunt
440.00
Buy

14:00 14/12/2016
Broker Forecast - Canaccord Genuity issues a broker note on B&M European Value Retail
Canaccord Genuity today upgrades its investment rating on B&M European Value Retail (LON:BME) to buy (from hold) and raised its price target to 295p (from 265p). Story provided by StockMarketWire.com

(ShareCast News) - B&M European Value Retail's shares received a boost on Wednesday after Canaccord Genuity raised its rating on the stock to 'buy' from 'hold' and lifted the target price to 295p from 265p.
Canaccord said it remains positive on the variety retailer's UK prospects and is "sanguine" on concerns about the retail market following Brexit's impact on the sterling.

The broker believes B&M is well-equipped to negate market worries.

"Its growing international buying scale should mitigate the impact of weaker sterling on input prices and gross margins," Canaccord said.

"With all retailers exposed to foreign exchange weakness, an inflationary environment actually serves to increase B&M's price differential and so enhance its value credentials."

B&M has grown its business internationally with the expansion of its German retailer Jawoll, purchased in 2014.

Canaccord expects Jawoll will open about 400 stores in Germany, generating more than €1.1bn in turnover and €120m in earnings before interest, tax, depreciation and amortisation (EBITDA) at maturity based on an average sales performance and EBITDA margin.

Canaccord also sees B&M continuing to grow market share in the Value sector in the UK on the back of plans to open about 50 stores per year. The broker pointed to Verdict forecasts for growth in spending at discounters and budget retailers of 35% to £25.6bn between 2015 and 2020.

3 Jan
Deutsche Bank
300.00
Buy

Trading statement

Highlights
 
● Group revenue growth in the quarter of 20.5% at constant currency, including a 7.2% rise in UK like-for-like revenues
● Strong operational and financial performance through the peak trading period, including good Christmas seasonal sell-through
● Management is confident that the Group will meet market expectations for Adjusted EBITDA in the financial year to March 2017
 

4 Jan
Investec
355.00
Buy
4 Jan
Numis
350.00
Buy
4 Jan
Peel Hunt
440.00
Buy
4 Jan
Liberum Capital
330.00
Buy

5 Jan
Deutsche Bank
330.00
Buy
5 Jan
HSBC
350.00
Buy
5 Jan
Citigroup
N/A
Buy
5 Jan
Jefferies...
335.00
Buy
5 Jan
Peel Hunt
440.00
Buy
5 Jan
Haitong...
190.00
Sell

B&M European: Deutsche Bank reiterates buy with a 330p target.

09:20 10/05/2017
Broker Forecast - Citigroup issues a broker note on B&M European Value Retail
Citigroup today reaffirms its buy investment rating on B&M European Value Retail (LON:BME) and set its price target at 390p. Story provided by StockMarketWire.com
11:10 09/05/2017
Broker Forecast - HSBC issues a broker note on B&M European Value Retail
HSBC today reaffirms its buy investment rating on B&M European Value Retail (LON:BME) and raised its price target to 400p (from 350p). Story provided by StockMarketWire.com

12 May
Peel Hunt
440.00
Buy

Market buzz - Thursday - Discount retailer B&M European Value will roll up the shutters on its full year results, with the fourth quarter being the least weighty historically. Barclays expects a healthy set of results from B&M, projecting full year sales growth of 18.4%, 17.3% growth in underlying EBITDA and looking out for 2018 guidance, both financial and in terms of store expansion as B&M grapples with its attempts to get into the more affluent South-East.

Preliminary results

HIGHLIGHTS
 
Business highlights
● 53 new stores opened in the UK, including 9 relocations to large, modern Homestores, and 19 new stores in Germany
● Strong pipeline of 40-50 new stores planned in the UK and a further 15 in Germany this financial year
● Revised UK store target from 850 to at least 950 stores
● New warehouse capacity in both the UK and Germany now working efficiently
● Delivery of consistent in-store retail standards, strong product offering and great value for money supporting trading momentum
 
Financial overview
● Group revenues increased by +19.4% to £2,430.7m (2016: £2,035.3m)
● UK full year like-for-like sales¹ +3.1% (2016: + 0.9%), including Q4 like-for-like sales +2.9% and an excellent start to 2018
● Group Adjusted EBITDA³ increased by 22.0% to £234.9m (2016: £192.5m)
● Group EBITDA² increased by 18.1% to £231.5m (2016: £196.1m)
● Adjusted profit before tax increased by 25.6% to £190.1m (2016: £151.4m)
● Profit before tax increased by 18.4% to £182.9m (2016: £154.5m)
● Adjusted diluted earnings per share 14.9p (2016: 12.2p)
● Diluted earnings per share 14.3p (2016: 12.4p)
 
Strong cash generation
● Operating cash flow £210.9m (2016: £170.9m)
● Year-end net debt £401.9m and net debt to Adjusted EBITDA³ 1.71x (2016: 1.84x) after payment of the £100m special dividend in July 2016
● Recommended final dividend of 3.9p per share to be paid on 4 August 2017, bringing the full year ordinary dividend increase to 20.8%