FY24 마감 후 거래 내역서
16 4월 2024
FY24 마감 후 거래 내역서
Volume growth led delivery at the top end of guidance
영국 최고의 B&M European Value Retail SA("그룹") 잡화 value retailer, today provides an update for the 53 week financial reporting period to 30 March 2024 ("FY24").
하이라이트
Fascia revenue performance |
FY24 £ m |
FY24 y-o-y %
| FY23 y-o-y % |
| |
B&M 영국1 | £ 4,410m | 8.5% | 4.0% |
| |
비앤엠 프랑스 | £ 514m | 19.2% | 22.1% |
| |
헤론 식품 | £ 560m | 15.3% | 18.1% |
| |
· | Group revenues of £5.5bn increased by 10.1% (+10.1% 고정 통화2) underpinned by volume growth and positive like-for-like3 ("LFL") performance. Group revenue growth also benefitted from the extra week of trading and early Easter timing, which will not be repeated in FY25
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· | B&M UK Q4 LFL3 was 2.9% in the 14 week period to 30 March 2024. This was driven by strong volume performance across both FMCG and general merchandise. FY24 B&M UK LFL3 was 3.7%, driven by increased customer transaction numbers
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· | Opened 47 B&M UK gross new stores, two ahead of previous guidance. The openings are trading well, including those Wilko stores acquired in the year, which are performing ahead of expectations
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· | FY24 Group adjusted EBITDA (pre-IFRS 16) is expected to be £629m, at the top end of our £620m-£630m guidance range. This is a 9.8% increase versus FY23 (FY23: £573m) and 83.9% higher versus FY20
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· | Strong operating cash generation, supported by a clean inventory exit position, has resulted in leverage4 beneath 1.2x (FY23: 1.3x), after payment of a £201m special dividend in February 2024
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· | Cumulative cash distributions of £1.8bn paid during the financial periods between FY21 and FY24, demonstrating a continued disciplined approach to capital returns and shareholder value creation
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Alex Russo CEO는 이렇게 말했습니다.
"The Group has performed well in the year delivering strong operational execution. We serve our customers through a relentless focus on everyday low prices (EDLP), great product ranges and excellence in operational standards. This delivers profitable, cash generating growth for our shareholders. The business and team are well set up for the year ahead, our pipeline remains on track to open not less than 45 UK B&M stores in each of the next two financial years and our French and Heron businesses continue to demonstrate significant profitable growth potential."
배송 시 요청 사항:
1. References in this announcement to the B&M business include the B&M fascia stores in the UK except for the 'B&M Express' fascia stores. References in this announcement to the Heron Foods business include both the Heron Foods fascia and B&M Express fascia convenience stores in the UK.
2. Constant currency comparison involves restating the prior year Euro revenues using the same exchange rate as that used to translate the current year Euro revenues.
3. One-year like-for-like revenues relate to the B&M UK estate only (excluding wholesale revenues) and are based on either 53 week vs. 53 week or 14 week vs. 14 week comparison periods. They include each store's revenue for that part of the current period that falls at least 14 months after it opened compared with its revenue for the corresponding part of FY23. This approach has been adopted as it excludes the 2-month halo period which new stores experience following opening.
4. Defined as Net Debt (pre-IFRS 16, excluding capitalised operating leases) / Group Adjusted EBITDA (pre-IFRS16).
전화 회의
There will be a conference call for investors and analysts to discuss this trading update on Tuesday 16 April 2024 at 09:00am (UK). Investors and analysts should register for the call using the following link:
https://register.vevent.com/register/BI8ced413966e749d2a90707c64b580de0
Preliminary Results Presentation - 수요일 5th June 2024 at 09:30 GMT
문의
B&M European Value Retail SA
For further information please contact: +44 (0) 151 728 5400 Ext. 6363
CEO 알렉스 루소
Mike Schmidt, 최고재무책임자
Dave McCarthy, Head of Investor Relations, [이메일 보호]
미디어
For media please contact:
샘 카트라이트(Sam Cartwright), H-어드바이저, [이메일 보호] + 44 (0) 7827 254 561
조나단 쿡(Jonathan Cook), H-어드바이저, [이메일 보호] + 44 (0) 7730 777 865
책임 부인
이 발표에는 '미래 예측 진술'이거나 그렇게 간주될 수 있는 진술이 포함되어 있습니다. 미래예측 진술은 사건과 관련이 있고 미래에 일어날 수도 있고 일어나지 않을 수도 있는 사건이나 상황에 의존하기 때문에 위험과 불확실성을 내포하고 있습니다. 이 발표의 모든 미래 예측 진술은 이 발표 날짜를 기준으로 향후 사건에 대한 회사의 현재 관점을 반영합니다. 미래예측진술은 미래 성과를 보장하지 않으며 미래 기간의 실제 결과는 미래예측진술에 표현된 내용과 실질적으로 다를 수 있고 종종 다를 수 있습니다. 법률 또는 영국 상장 당국의 상장 규칙에 의해 요구되는 경우를 제외하고 회사는 기대치의 변경으로 인해 발생할 수 있는 이 발표의 미래 예측 진술에 대한 수정 결과를 공개적으로 발표할 의무가 없습니다. 이 발표일 이후에 발생한 사건이나 상황.
About B&M European Value Retail S.A.
B&M European Value Retail S.A. is a variety retailer with 741 stores in the UK operating under the "B&M" brand, 335 stores under the "Heron Foods" and "B&M Express" brands, and 124 stores in France also operating under the "B&M" brand as at 30 March 2024. It was admitted to the FTSE 100 index on 21 September 2020.
The B&M Group was founded in 1978 and listed on the London Stock Exchange in June 2014. For more information, please visit www.bandmretail.com
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