B&M European Value Retail S.A. (BME) Q4 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good. Well, good morning, everyone, and welcome to this presentation of B&M European Value Retail's 2026 Financial Year Preliminary Results. My name is Andrew Orchard, Head of Investor Relations, and joining us today to present the results are Chair Diagon, our Chief Executive Officer, and Pete Waterhouse, our Interim Chief Financial Officer. So we'll start, as usual, with some prepared remarks, and then we'll devote some time at the end of the meeting to your questions. We'll take those both from you assembled in the room, and also anyone joining by the webcast can put a question into the chat function, and we relay them into the room by that method. And with that, let me hand over to Chet. Yeah, thank you. Thank you very much, Andrew. Let's see if this works. Yeah, it works. So yeah, welcome to everyone to this presentation in the room and online. Before, I'm going to hand over to Piet. for the financial review of FY26. I would like to share the key highlights of the year set out on the slide number three behind me. So first of all, I'm pleased to announce, you know, profit came in at our midpoints of current guidance, adjusted EBITDA of 459. I'm also pleased that on the back of good working capital management, leverage came back within our range at 1.4. And I think that's a good foundation for driving future growth and over time share all the returns. Secondly, we're progressing at pace with back to BNM basics. Our actions are well advanced and the early indicators are encouraging, but much more to cover later. We've also started the phase two of our plan, where a lot of initiatives are already underway. And if you put it in perspective, phase two is all about balancing new space with investing in existing estate. And finally, I'm really pleased with the performan...