November 15, 2016 / 7:36 AM / 3 years ago

BRIEF-B&M European first half core earnings up 14.6 pct

Nov 15 (Reuters) - B&M European Value Retail

* Interim results for the 26 weeks to 24 September 2016

* Group revenues increased by 18.9% to £1,105.9m, +17.7% at constant currency

* 20 net new UK store openings, including 500th store opened in April, on track to open at least 50 new stores this financial year

* German business, Jawoll, opened 10 net new stores in the period, on track to open 19 new stores this financial year

* UK like-for-like revenues +0.2% if including planned impact of nearby openings but +1.9% on an underlying basis

* 20 net new uk store openings, including 500 th store opened in april

* UK like-for-like revenues¹ +0.2% if including planned impact of nearby openings

* Group adjusted EBITDA increased by 14.6% to £99.2m (FY16: £86.6m)

* Group adjusted profit before tax increased by +17.2% to £77.9m (FY16: £66.4m)

* Interim dividend increased by 18.8% to 1.9p per share (FY16: 1.6p per share)

* We are confident of meeting expectations during remainder of this year Source text for Eikon: Further company coverage: (London Newsroom)

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