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 realised a strong first half year performance with revenue growing by 10.6% to €2,050 million. Normalised EBITDA increased by 35.8% to €168 million. Revenue growth has been driven by strong market growth, including the rebound of COVID-19 affected markets and the recent trend in pricing of materials, as well as the contribution of past and recent acquisitions. This includes the excellent performance of the Detering Group (SHAP Germany) acquired in July 2020 and first contributions from the recent acquisitions of Grupo BMV in Spain and Mahler Group in Germany.
The Group continued its strong performance with the increase in normalized EBITDA, fuelled by market growth and the successful implementation of strategic initiatives, especially on Procurement, Commercial Excellence and Footprint.
Remco Teulings, CEO BME Group says: “With the support of the strong results in the first half year, we maintain a strong focus on executing our strategic initiatives and keep focused on value accretive acquisitions such as the announced transactions of Saint-Gobain Building Distribution the Netherlands, Maxmat in Portugal, Cronrath in Germany, De Jong & Roos in the Netherlands and Silix in France.”
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 […]
BME Group acquires the activities of ironmongery merchant Van Engeland in the Netherlands
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 […]
BME Group acquires the activities of ironmongery merchant GBI Jacob Bakker in the Netherlands
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 […]
BME Group reports continued strong profitable growth in first half year of 2022
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 […]