B&M European Value Retail S.A. an ordinary interim dividend of 5.0p per Ordinary Share will be paid on 17 December 2021 to shareholders on the register at 19 November 2021. The ex-dividend date will be 18 November 2021. The dividend payment will be subject to a deduction of Luxembourg withholding tax of 15%.
Other financial highlights include:
Group revenues increased by +1.2% on prior year to £2,268.0m (+1.4% constant currency) or +26.8% on a two-year basis versus H1 FY20
B&M UK fascia revenue up +1.3% on prior year, with like-for-like ("LFL") revenues decreasing by (5.0)%
o On a two-year basis vs H1 FY20, LFL revenues were +16.8% as sales densities remained significantly higher than pre-pandemic levels
Gross margin in the B&M UK business was strong, driven by a change in the sales mix towards General Merchandise and high sell-through across Spring/Summer seasonal ranges leading to limited markdown activity
Group adjusted EBITDA of £282.2m on a pre-IFRS16 basis versus £295.6m in the prior year, or £255.7m in the prior year on a comparable basis when reflecting the voluntary charge relating to business rates subsequently made in H2 FY21
o On a two-year basis versus H1 FY20, Group adjusted EBITDA increased +86.4% due to higher sales densities and a favourable sales mix
Group statutory profit before tax (post-IFRS16) increased +2.4% to £241.4m (H1 FY21: £235.6m) and Group adjusted profit before tax (pre-IFRS16) decreased by (6.2)% to £238.0m (H1 FY21: £253.6m5)
Statutory diluted earnings per share of 19.0p (H1 FY21: 18.7p) and adjusted diluted earnings per share of 18.7p (H1 FY21: 20.1p)
