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Oct 20 (Reuters) – B&M European Value Retail SA : * UPDATE ON FY26 GUIDANCE AND DIRECTORATE CHANGE * MIKE SCHMIDT TO STEP DOWN AS CFO * ADJUSTED EBITDA FOR FY26 EXPECTED BETWEEN £470M – £520M * H1 FY26 ADJUSTED EBITDA EXPECTED AT £191M * BOARD TO COMMISSION THIRD-PARTY REVIEW OF FINANCIAL MATTER * CONTINUES TO EXPECT WITH LFL GROWTH, FUTURE ADJUSTED EBITDA MARGINS FOR B&M UK CAN STABILISE AT LOW-DOUBLE-DIGIT PERCENTAGE LEVELS OVER MEDIUM TERM * UNDERLYING SYSTEM ISSUE HAS SINCE BEEN RESOLVED BUT ITS FINANCIAL IMPACT IS MATERIAL TO OUTLOOK FOR FY26.
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