Full year results show a strong start under new ownership, a successful completion of carve-out and full management team in place.
The past year marked the successful carve-out of our business as one of Europe’s leading building distributors. We are now fully operational as a standalone organisation following the acquisition of BME by the Blackstone Group from CRH Plc. We have made significant progress towards delivering on our strategic initiatives with the right management team in place and a new headquarters in Schiphol, the Netherlands.
Our performance on a full year basis has been positive with net revenue growing by 5.4% driven by acquisitions and organic growth. Our normalized EBITDA increased driven by top-line growth as well as positive margin development. We also saw strong improvement on operating cash flow generation in the year resulting from working capital optimization.
BME Group’s organic growth strategy is focused on implementing operational excellence initiatives to enhance returns covering six pillars, namely: Commercial Excellence, Digitalisation, Procurement, Supply Chain, Format & Footprint & Real Estate and Organisational Efficiency. This is supported by selective inorganic growth primarily via acquisitions in our existing geographic markets in the relatively fragmented European market.
Highlights of full year 2019 financial results
- Net revenue increased by 5.4% to €3,758 million;
- Normalised EBITDA increased to €256 million;
- Normalised EBITDA margin stood at 6.8%.
BME Group announces it has reached an agreement, subject to customary competition and foreign investment clearances, to acquire Grupo BMV, a market leading supplier of interior finishing building materials with […]
In a year which was marked by a global pandemic, our highest priority was to protect our employees and customers whilst ensuring that we keep on servicing our customers successfully. […]
BME Group (BME) and the shareholders of the Mahler Group have reached an agreement on the sale of its shares to BME. The Mahler Group, a leading general building materials […]
BME Group announces that it has divested twelve excess real estate assets of its Swiss Operating Company ‘BMS’ (Building Materials Suisse) to five buyers, consisting of HIAG, Swissroc Industrial Opportunities, […]
BME Group enters into exclusive negotiations to acquire Saint Gobain’s building distribution activities in the Netherlands
BME Group announces that it has entered into exclusive negotiations with Saint Gobain in preparation for the acquisition of Saint-Gobain Building Distribution the Netherlands (SGBD NL). SGBD NL is active […]
Strategic initiatives on track Financial results H1 2020 versus H1 2019• Revenue slightly up (+0.4%) to €1,853 million• Normalized EBITDA increased by 3.1% to €124 million• Normalized EBITDA margin increased […]