Business
3rd Quarter Results
3rd Quarter Results.
About this update from B&m European Value Retail Plc
[{"type":"text","content":"\n \nRNS Number : 8074L B&M European Value Retail S.A. 14 January 2016 \n\n \n \n14 January 2016\n \nB&M European Value Retail S.A.\n \nTrading Update\n \nContinued growth despite challenging trading conditions\n \nB&M European Value Retail S.A. (\"the Group\"), the UK's leading multi-price value retailer, today provides a trading update for the third quarter of its current financial year, relating to the period from 27 September 2015 to 26 December 2015.\n \nHighlights\n \n● Continued growth despite challenging trading conditions\n● The Group delivered resilient performance through peak trading period, with Group sales revenue in the quarter increased by 23.5% at constant currency\n● We remain comfortable with market expectations for the full year\n \n \nRevenue\n \n\n\n\n\n\n\n\n13 weeks to 26 December 2015 \n\n\n13 weeks to 27 December 2014\n\n\n39 weeks to 26 December 2015\n\n\n39 weeks to 27 December 2014\n\n\n\n\n \nTotal Group Revenues\n\n\n \n£647.8m\n\n\n \n£527.9m\n\n\n \n£1578.2m\n\n\n \n£1267.3m\n\n\n\n\n \nB&M\n\n\n \n£614.5m\n\n\n \n£493.8m\n\n\n \n£1476.2m\n\n\n \n£1174.7m\n\n\n\n\n \nJawoll\n\n\n \n£33.3m\n\n\n \n£34.1m\n\n\n \n£102.0m\n\n\n \n£92.6m\n\n\n\n\n \nTotal Group Sales Revenues at constant currency\n\n\n \n+23.5%\n\n\n \n-\n\n\n \n+25.4%\n\n\n \n-\n\n\n\n\n \nUK Like-for-Like Sales Growth\n\n\n \n-0.7%\n\n\n \n+4.5%\n\n\n \n+0.4%\n\n\n \n+4.7%\n\n\n\n\n \n \nGroup sales revenue for the 13 weeks ending 26 December 2015 increased by 23.5% on a constant currency basis. On an actual currency basis, total sales revenue increased by 22.8% (2014: 28.8%) to £647.8 m (2014: £527.9m).\n \nUK sales revenue for the 13 week period increased by 24.4% to £614.5m (2014: £493.8m) with like-for-like sales of -0.7% in the quarter. This performance reflects our successful store opening programme, as well as the combination of mild temperatures impacting the sales of cold weather products and the previously reported lower than normal service levels from our two new Distribution Centres. B&M enjoyed a strong Christmas trading period with positive LFL.\n \nJawoll saw an increase in its sales revenues in...