B&S Group : Attributable to mean reversal and more, 2022 goals appear to be realistic
>Decent sales growth and EBITDA margin ahead of estimates in 2021 - B&S Group reported organic sales growth of 1.9% and sales of € 582m in Q4 2021, which was in line with our forecast but above consensus. The group more than kept its promise of delivering at least 6% EBITDA profitability, reporting 6.2% in 2021, ahead of our estimate and consensus (both at 6%). Due to an impairment charge of € 10m in Food and a higher tax rate than foreseen, net profit and EPS came in...B&S Group SA is a Luxembourg-based company, which serves as a distributor of consumer goods. The Company acts as a source supplier to a number of channels and specialized markets. B& Group SA operates within three segments: The HTG Segment, which purchases products in bulk on an ad hoc basis from manufacturers, wholesalers, distributors and international retail chains, as well as provides suppliers the opportunity to dispose of stock lots, closeout products and excess inventory; the B&S segment, which includes the purchase of consumer goods directly from premium brand owners and informs customers regarding strict food safety guidelines or specific cultural and national preferences and requirements, and the Retail Segment, which sources a focused selection of travel electronics from various partnerships and offers a selected assortment of the product groups sourced within the distribution activities in HTG and B&S.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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