B&M European Value Retail S.A. (DI) (BMEL)

288.10p
   
  • Change Today:
      0.049p
  • 52 Week High: 497.70
  • 52 Week Low: 256.80
  • Currency: UK Pounds
  • Shares Issued: 1,000.00m
  • Volume: 2,081,778
  • Market Cap: £2,881.00m

B&M shares slump as profit guidance cut again; CEO to retire

By Frank Prenesti

Date: Monday 24 Feb 2025

LONDON (ShareCast) - (Sharecast News) - Shares in UK discount retailer B&M slumped on Monday after profit guidance was cut again on the back of an uncertain economic outlook and announcement that chief executive Alex Russo would retire at the end of April.
The company said annual adjusted core earnings were now expected to be in the range of £605m to £625m down from a previous trimming of guidance to £620 - £650m outlined in January. The latest cut also includes the potential impact of exchange rate volatility on the valuation of stock and creditor balances.

Shares in the company were down 7% in London morning trade.

It said it is in the advanced stages of a recruitment process to appoint a new CEO.

Reporting by Frank Prenesti for Sharecast.com

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 5 minutes.

 

BMEL Market Data

Currency UK Pounds
Share Price 288.10p
Change Today 0.049p
% Change 1.71 %
52 Week High 497.70
52 Week Low 256.80
Volume 2,081,778
Shares Issued 1,000.00m
Market Cap £2,881.00m

What The Brokers Say

Strong Buy 8
Buy 3
Neutral 6
Sell 2
Strong Sell 0
Total 19
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Trades for 06-Jun-2025

Time Volume / Share Price
16:29 381 @ 288.10p
16:29 1,091 @ 288.10p
16:29 10 @ 288.10p
16:29 12 @ 288.10p
16:29 591 @ 288.00p

BMEL Key Personnel

CFO Mike Schmidt

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