B&M says it expects to post an adjusted EBITDA of £285 million for the six months to September 26th as group revenues rose by 25.3 per cent for the half-year or 23 per cent on a like-for-like basis on its UK sales. The retailer is now looking to open between 40 and 45 new stores in the UK before the end of its financial year.
“Our group has performed well in the first half. Our business model is proving well-attuned to the evolving needs of customers, given our combination of everyday value across a broad range of product categories being sold at convenient out-of-town locations,” said Simon Arora B&M CEO.
“Our people have risen to the many challenges posed by the Covid-19 crisis, not least in serving our customers through a period of high demand, keeping our shelves filled, providing a clean and safe shopping environment, as well s sourcing higher volumes than we had planned.”
The business will be publishing its interim results on 12th November.
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