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 acquires Bouwpunt Van der Gucht to strengthen its footprint in building materials in Flanders
BME Group (BME) and the shareholders of Bouwpunt Van der Gucht have reached an agreement on the sale to BME. Van der Gucht is a distributor of building materials located […]
On 11 November 2022, BME Group (BME) and Van Engeland have reached an agreement on the sale of their ironmongery activities to BME. With the acquisition, BME will densify its […]
BME Group entered exclusive negotiations with BVP-Socca to further strengthen its Infrastructure activities in the North of France
BME Group (BME) and the shareholders of BVP-Socca announce that they have entered exclusive negotiations to acquire the shares of BVP-Socca. Simultaneously, BVP-Socca announces having entered into exclusive negotiations to […]
On 1 September 2022, BME Group closed the acquisition of the activities of GBI Jacob Bakker BV, an ironmongery merchant in the east of the Netherlands. BME is one of […]
Financial results H1 2022 versus H1 2021• Revenue increased by 30.4% to reach €2,675 million• Normalized EBITDA increased by 33.6% to €225 million• Normalized EBITDA margin increased from 8.2% to […]