B&M European Value Retail S.A. (BME) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, everyone. My name is Tjeerd Jegen and I'm a new CEO at BNM. As I've just recently started at BNM and I'm still in the middle of my induction, I felt recording this update is most suitable. This will be the only time I will do this. In future, I'm looking forward to giving live updates and holding Q&A sessions as I strongly believe in a direct and transparent relationship with our analysts and our investors that follow us. I would like to start with a few words of personal introduction. My professional career spends 13 years in retail and of that I have spent about half my time in food and half my time in non-food. I've worked in three different continents in both private equity and listed businesses. And before becoming a CEO, I was in the commercial and buying part of the retail companies I've worked at. And it's also my natural focus. I always start with looking at the customer proposition and looking at the business from the customer's perspective. The last 10 years, I've worked both in variety value retail and discount apparel. And it's my strong conviction that discount retail has tremendous potential, especially in physical stores. My motivation for taking on the B&M role is this. It provides me with the opportunity to use my international food and general merchandise experience to strengthen the groups customer proposition with the ultimate aim to bringing back sustainable light for light growth and new store growth both in the UK and in continental Europe. And most importantly, the very big driver for me is to help our customers save money when buying their daily needs at B&M. Having completed the first phase of my induction, I'm truly excited about the journey ahead. and the significant opportunities that lie before us. My early days at BNM hav...