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

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Full Year 2020 B&M European Value Retail SA Earnings Call Transcript

Jun 11, 2020 / 07:30AM GMT

Release Date Price: $17.69 (-8.70%)

Transcript

Operator

Hello, and welcome to the B&M Retail preliminary results. I will shortly be handing you over to Simon Arora, CEO; and Paul McDonald, CFO, who will be taking you through today's presentation.

(Operator Instructions) So now over to Simon Arora.

Sundeep Arora

B&M European Value Retail S.A. - CEO & Executive Director

Good morning, everyone, and I hope you're all well and safe. Thank you for joining us this morning for our prelims presentation in relation to the financial year ended 28th of March 2020. And as usual, I'll perhaps say a few words drawing out some of the highlights that you see on Slide 2 of our presentation before passing to my colleague, Paul, to run you through the financial aspects of the results today.

So as you see, we had a solid year last year in terms of revenues. Our U.K. like-for-likes were plus 3.3%, boosted by the late surge towards the end of the financial year, as British shoppers stockpiled groceries, and that led to a plus 6.6% like-for-like for Q4.

On our new store opening program, we had a

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