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B&M Expects To Exceed Analyst Forecasts In Half-Year Results

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B&M European Value Retail S.A., ("the Group") the UK's leading general merchandise value retailer, today provides a trading update relating to its Year To Date performance.  

On 1 July 2020, the Group announced that it had made a strong start to the new financial year and, against a highly uncertain economic backdrop and continued impacts from Covid19, B&M was well placed to continue to grow profitably in the UK and continue to develop and prove the proposition in France.

The Group's current expectation for the six months to 26 September 2020 ("H1 FY21") Adjusted EBITDA1 (on a pre-IFRS 16 basis) is that it is likely to be in the range of £250m to £270m. The average analysts' consensus forecast2 for H1 FY21 Adjusted EBITDA1 (on a pre-IFRS 16 basis) is £208.1m.

There remains considerable uncertainty in relation to both the progression of Covid-19 and the economic outlook and it is therefore hard to predict trading levels for the second half of the year.

The safety of the Group's colleagues and customers remains the key priority whilst working hard to continue to meet customers' needs in these difficult times. A more detailed update at the Half Year Results announcement is scheduled for 12 November 2020.  

Source : B&M European Value Retail

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28 July 2020

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