Categories: World

BRIEF-B&M Says Mike Schmidt To Step Down As CFO

Published by TSG Syndication

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. (The article has been published through a syndicated feed. Except for the headline, the content has been published verbatim. Liability lies with original publisher.)
TSG Syndication
Published by TSG Syndication