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 from 6.5% to 6.7%
BME Group reported normalized EBITDA levels in H1 2020 above last year (+3.1%) despite the COVID-19 impact. This crisis impacted several of our markets, particularly France, Austria, Switzerland, and Belgium where lockdown measures required store closures for parts of the first and second quarter.
The impact of the slow-down in these countries has been compensated by strong performance across our businesses in Germany and the Netherlands, through strict cost control and by solid progress on our strategic initiatives, particularly in the areas of Commercial Excellence and Procurement.
Our strategic initiatives including M&A remain a key focus for the group, exemplified by the completion of the acquisition of the Detering Group at the end of July, strengthening our market position for Sanitary, Heating & Plumbing (SHAP) in Germany.
In the early stages of the unfolding of the COVID-19 crisis, we activated a Group COVID-19 crisis team. This team implemented actions and measures across the Operating Companies driven by new regulations and customer requirements, which remain in place following the reopening of branches and showrooms. We continue to closely monitor the situation in each market. Our highest priority remains protecting our employees and customers.
BME Group announces official closing of the acquisition of Saint Gobain Building Distribution Netherlands
Today (30 July, 2021), BME Group completed the acquisition of Saint-Gobain Distribution The Netherlands (SGBD NL), a leading distributor of building materials, tiles, sanitaryware and interior finishing materials and operating […]
On 1 June, 2021 BME Group completed the acquisition of the Grupo BMV, a market leading supplier of interior finishing building materials with 36 distribution centers across Spain, operating the […]
On 31 May, 2021 BME Group completed the acquisition of the Mahler Group, a leading general building materials and tiles distributor in Bavaria, Germany, operating 5 branches under the brands […]
BME Group hereby announces that it has reached an agreement to acquire the remaining 50% of the share capital in Modelo – Distribuição de Materiais de Construção S.A. (“Maxmat”) from […]
BME Group (BME) and the shareholders of the Baucentrum Cronrath (Cronrath) have reached an agreement on the sale of Cronrath’s general building materials (GBM) distribution activities to BME. The transaction […]