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.
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, […]