Liverpool-based FTSE 100 firm B&M European Value Retail S.A. said its revenues increased 10.4% to £2.549 billion and statutory profit before tax rose 10.5% to £222 million in the 26 weeks to September 23, 2023.
An interim dividend of 5.1 pence will be paid (H1 FY23: 5.0p).
On current trading and outlook, B&M said: “In the first six weeks of the Golden Quarter, B&M UK LFL growth has been 1.6%.
“Momentum has been particularly strong in the last three weeks, with LFL exit growth of 4.5%.
“The group is trading against tough comparatives making this a pleasing result against an uncertain and ever-changing economic background.
“This volatile background makes forecasting for the full year difficult.
“However, given the strong first half results and positive momentum, the group’s FY24 adjusted EBITDA (pre-IFRS 16) guidance is increased to a range of £620m – £630m, materially higher than FY23 performance (£573m).”