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 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 […]