B&M European Value Retail HY: Interim profit down

LONDON (dpa-AFX) – Luxembourg-based grocery store operator B&M European Value Retail SA (BME.L) announced that its interim profit for the 26 weeks to September 28, 2024 fell to £123 million , or 12.3 pence per share, compared to 164 million pounds. or 16.3 pence per share in the previous year.

Profit from ordinary activities before tax for the period was £169 million, compared to £222 million the previous year.

Adjusted earnings per share (pre-IFRS 16) were 14.7 pence, compared to 15.4 pence last year.

Group revenue for the period increased by 3.7% to £2.644 billion, driven by volume growth and an increase of 3.9% at constant exchange rates.

The company announced that it will pay an interim dividend of 5.3 pence per share on December 13, 2024 to shareholders of record on November 22, 2024. The ex-dividend date will be November 21, 2024.

The company expects the Group’s adjusted EBITDA for the full year (pre-IFRS 16) to be between £620 million and £660 million.

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