B&M has reported in-disappointing UK B&M sales growth and we expect market consensus PBT of £247m (IAS 17) to reduce by around £10-15m (mid single digit %). There is no update on Germany. We expect the share price to reflect lower forecasts and some de-rating.
10 Jan 2020
Sales miss mid-single digit % downgrade
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Sales miss mid-single digit % downgrade
B&M European Value Retail SA (BME:LON) | 545 1.1 0.0% | Mkt Cap: 5,467m
- Published:
10 Jan 2020 -
Author:
Tony Shiret -
Pages:
3
B&M has reported in-disappointing UK B&M sales growth and we expect market consensus PBT of £247m (IAS 17) to reduce by around £10-15m (mid single digit %). There is no update on Germany. We expect the share price to reflect lower forecasts and some de-rating.