28th Jul 2020 10:27
(Alliance News) - B&M European Value Retail SA on Tuesday said it expects earnings in the first half to beat average market forecasts but noted "considerable uncertainty" for the second half.
The value retailer expects adjusted earnings before interest, tax, depreciation and amortisation between GBP250 million and GBP270 million for the six months to September 26.
The average analysts' consensus forecast is for B&M to generate adjusted EBITDA of GBP208.1 million.
"There remains considerable uncertainty in relation to both the progression of Covid-19 and the economic outlook and it is therefore hard to predict trading levels for the second half of the year," B&M said.
The company reports on its interim results on November 12.
The stock was up 1.8% at 450.70 pence each in London on Tuesday morning.
By Eric Cunha; [email protected]
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