HIGHLIGHTS
● Group revenues have increased by 25.8% to £930.3m, +26.8% at constant currency
● 47 net new stores opened in the UK in the period, on track for 80 net new openings this financial year
● German business, Jawoll, opened 2 new stores in the period, with 3 more openings before Christmas
● UK Like-for-Like revenues +1.2%
● Group adjusted EBITDA increased by 18.6% to £86.6m
● Group adjusted Profit before Tax increased by 25.4% to £66.4m
● 2 new additional distribution centres opened in the UK by the end of September 2015 totalling 800,000 sq ft
● Interim dividend increased by 77.8% to 1.6p per share (FY15: interim dividend 0.9p) to be paid on 15 January 2016
Sir Terry Leahy, Chairman, said,
"B&M has made good progress in the first half of the financial year towards its strategic goals of reaching at least 850 UK stores and creating a platform for longer term growth in Germany, whilst delivering further pleasing growth in sales, profits and cash generation. We are well prepared for the rest of the year and beyond."
