albert Chan
Most Recent Results (1H19)
[caption id="attachment_68260" align="aligncenter" width="540"]
*For UK B&M stores only[/caption]
Annual Financial Results
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Fiscal year ends on March 31.
*Trailing 12 months ended September 29, 2018
**For UK B&M stores only[/caption] Company Profile B&M European Value Retail SA (B&M) is a UK-based retailer that offers a range of food and beverages, fast-moving consumer goods brands, and nongrocery products. The company offers products in the home and furniture, electrical goods, health and beauty, food and drink, and clothing and footwear categories, among others. Apart from its own B&M stores, the company also owns the Jawoll discount chain in Germany (acquired in 2014) and Heron Foods convenience store chain in England and Wales (acquired in 2017). In October 2018, the company acquired the Babou chain in France. As of December 31, 2018, the company operated 611 B&M stores, 91 Jawoll stores, 278 Heron stores and 95 Babou stores. It derives the majority of its revenues from B&M stores. The company held its IPO in 2014. Strategy B&M aims to be “one of the winners” in what it says is a structural shift toward value retail in Europe. The company claims that its unique sourcing model and low operating costs enable it to offer a better value proposition to its consumers than its peers can. It has grown to become one of the major value retailers in the UK and is strengthening its market positioning in Germany along similar lines. The recent Babou acquisition provides B&M with the opportunity to further expand in the mainland Europe region. B&M is investing in growing its UK store network and has begun construction on a distribution center spanning 1 million square feet in Bedford, UK. The center is expected to begin operating in January 2020. Revenue Breakdown (FY18)
Recent Developments
Management Team
*For UK B&M stores only[/caption]
Annual Financial Results
[caption id="attachment_50740" align="aligncenter" width="824"] Fiscal year ends on March 31.*Trailing 12 months ended September 29, 2018
**For UK B&M stores only[/caption] Company Profile B&M European Value Retail SA (B&M) is a UK-based retailer that offers a range of food and beverages, fast-moving consumer goods brands, and nongrocery products. The company offers products in the home and furniture, electrical goods, health and beauty, food and drink, and clothing and footwear categories, among others. Apart from its own B&M stores, the company also owns the Jawoll discount chain in Germany (acquired in 2014) and Heron Foods convenience store chain in England and Wales (acquired in 2017). In October 2018, the company acquired the Babou chain in France. As of December 31, 2018, the company operated 611 B&M stores, 91 Jawoll stores, 278 Heron stores and 95 Babou stores. It derives the majority of its revenues from B&M stores. The company held its IPO in 2014. Strategy B&M aims to be “one of the winners” in what it says is a structural shift toward value retail in Europe. The company claims that its unique sourcing model and low operating costs enable it to offer a better value proposition to its consumers than its peers can. It has grown to become one of the major value retailers in the UK and is strengthening its market positioning in Germany along similar lines. The recent Babou acquisition provides B&M with the opportunity to further expand in the mainland Europe region. B&M is investing in growing its UK store network and has begun construction on a distribution center spanning 1 million square feet in Bedford, UK. The center is expected to begin operating in January 2020. Revenue Breakdown (FY18)
Recent Developments
| Date | Development |
| Jan 10, 2019 | B&M (LSE: BME) 3Q19 Trading Update: UK Growth Is Hit by a Tough November |
| Nov 13, 2018 | B&M announces 1H19 results: revenues grew by 16.1% year over year and EPS grew by 36.8% year over year. |
| Nov 1, 2018 | B&M opens a new store in Bradford. |
| Oct 19, 2018 | B&M acquires Babou, a 95-store chain in France. |
- Peter Bamford, Chairman
- Sundeep (Simon) Arora, CEO
- Paul McDonald, CFO
- Steve Webb, Director of Investor Relations
Source: Company reports/S&P Capital IQ/Coresight Research
Sector Overview- For context on this company, please refer to our report Sector Overview: European Retail.