B&M European Value Retail SA (OTCPK:BMRPF)
$ 4.222 -0.628 (-12.95%) Market Cap: 4.37 Bil Enterprise Value: 7.22 Bil PE Ratio: 10.05 PB Ratio: 4.74 GF Score: 79/100
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Half Year 2022 B&M European Value Retail SA Earnings Call Transcript

Nov 11, 2021 / 09:45AM GMT
Release Date Price: $8.24 (-5.07%)
Sundeep Arora
B&M European Value Retail S.A. - CEO & Executive Director

Good morning everyone, and thank you for joining us this morning. I am, of course, about to present with Alex, our 6 months trading period to the 25th of September 2021. So we'll start with some highlights. You'll see that over the 6-month period, our group revenues were held steady at GBP 2.2 billion, and that represents an extremely pleasing 26% growth on where we were prior to the pandemic 2 years ago.

Our core face is, of course, the B&M feature here in the U.K. And in that business, on a 1-year basis, we were at minus 5% like-for-like, but on a prepandemic comparison, the business was plus 16.8% versus the same period 2 years ago. Within B&M U.K., we opened 14 new stores, and we had 9 closures. I'll come back in further detail on what we mean by closures later in this presentation.

They are, in fact, relocations as much as closures. In the Heron business, our convenience food chain here in the U.K., we opened 8 new stores and had 7 closures/relocations. Our French business had the priority of

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