Total revenues were 4% higher than expectations and our own expectations driven by cash equity trading which remained relatively strong despite the continuing loss in its market share. Total expenses were, however, 4% higher than the consensus forecast, leading to a total EBITDA still 5% ahead of expectations.
29 Jul 2016
An ephemeral sunbeam?
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An ephemeral sunbeam?
B&M European Value Retail SA (BME:LON) | 526 -3.2 (-0.1%) | Mkt Cap: 5,273m
- Published:
29 Jul 2016 -
Author:
Farhad Moshiri -
Pages:
2
Total revenues were 4% higher than expectations and our own expectations driven by cash equity trading which remained relatively strong despite the continuing loss in its market share. Total expenses were, however, 4% higher than the consensus forecast, leading to a total EBITDA still 5% ahead of expectations.