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%.
On 1 October 2021, BME Group (BME) completed the divestment of 12 branches in Normandy, part of BME France. The divestment of these branches to Point P allows Raboni (GBM) […]
Today (1 October 2021) BME Group announces the acquisitions of Planasdis Girona, SL (Planasdis), closed on 1 August 2021, and of Yesyforma Europa, SL (Yesyforma) which closed on 1 October […]
Today (30 September 2021) BME Group completed the acquisition of Baucentrum Cronrath’s (Cronrath) general building materials (GBM) distribution activities from the shareholders of Cronrath, which will enable BME Group to […]
Strong first half year performance driven by a strong market, delivery on strategic initiatives and value accretive bolt-on acquisitions
Financial results H1 2021 versus H1 2020• Revenue up (+10.6%) to €2,050 million • Normalized EBITDA increased by 35.8% to €168 million• Normalized EBITDA margin increased from 6.7% to 8.2% […]
BME Group (BME) and the shareholders of the De Jong & Roos B.V. have reached an agreement on the sale of its shares to BME. De Jong & Roos is […]
BME Group strengthens its market position in Eastern France with the acquisition of Silix and entered into exclusive negotiations with Point.P for the divestment of Raboni Normandie
Today, BME Group (BME) announces (i) the acquisition of Silix TP et Environnement (Silix) in the Eastern part of France, and (ii) entering into exclusive negotiations with Point.P (a Saint […]
Today (1 September 2021) BME Group completed the acquisition of the remaining 50% of the share capital in Modelo – Distribuição de Materiais de Construção S.A. (“Maxmat”) from Sonae MC, […]