Britisch listed discount retailer B&M European Value Retail published:
Group revenues increased by 16.5% to $4,8m
B&M UK LFL revenues were +3.3% with a strong finish, Q4 LFL +6.6%
51 gross new B&M store openings in the UK, net 36 (totalling 600 stores)
18 gross new store openings at its UK Heron food discount brand, net 12 (totalling 275 stores, especially in North England)
5 new store openings and 13 conversions to the ‘B&M’ format at its French Babou brand (totalling 90 stores in France)
B&M UK adjusted EBITDA growth of +8.7%
Group adjusted EBITDA increased by +7.1% to $429m
Net cashflow from operations $667m, (FY19: $530m) and a reduction in net debt to adjusted EBITDA 1.02x (FY19: 1.91x)
Full year ordinary dividend $0.101 (+6.6%)
Shares valued at publication $4.8B
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