B&M European Value Retail SA (OTCPK:BMRRY)
$ 25.01 -0.423 (-1.66%) Market Cap: 6.27 Bil Enterprise Value: 8.92 Bil PE Ratio: 14.20 PB Ratio: 6.73 GF Score: 87/100

Q4 2019 B&M European Value Retail SA Earnings Call Transcript

May 23, 2019 / 07:30AM GMT
Release Date Price: $18.5 (-4.64%)
Sundeep Arora
B&M European Value Retail S.A. - CEO & Executive Director

Good morning, and thank you for joining us this morning as we talk through the results for B&M for the year ended 31st of March 2019. Good morning to you, all.

Perhaps we'll start with a few highlights from myself. I will then pass over to Paul, our CFO, to talk you through the financial statements. And then I will provide some commentary on the different parts of the business and give you further insight hopefully into how we're performing.

So the headline, of course, is that the B&M Group in the last financial year achieved pretty much GBP 3.5 billion sales, which we're delighted by. Behind that headline, our U.K. business opened stores, as you can see, and we also generated a modest amount of like-for-like. But the year ended very strongly indeed with a plus 5.8% like-for-like in Q4, which actually is nearer 6.9% if you adjust for the fact that Easter didn't fall into that quarter and the previous year fell into week 53.

When I do return to my commentary, I will be talking in some

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