B&M European Value sees H1 earnings ahead of consensus
Discount retailer B&M European Value Retail said on Tuesday that first-half adjusted underlying earnings are set to be comfortably ahead of consensus expectations.
B&M European Value Retail
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In a brief, unscheduled trading update on its year-to-date performance, the company said it now expects adjusted earnings before interest, tax, depreciation and amortisation for the six months to 26 September to be between £250m and £270m, versus A consensus forecast of £208.1m.
The company had already said in July that it made a strong start to the new financial year and that it was well placed to continue to grow profitably in the UK and develop its proposition in France despite the impact of the Covid-19 pandemic.
"There remains considerable uncertainty in relation to both the progression of Covid-19 and the economic outlook and it is therefore hard to predict trading levels for the second half of the year," it said on Tuesday.
At 0830 BST, the shares were up 3.8% at 459.70p.