Report
Robert Jan Vos

B&S Group : H1 2021 should show recovery of EBITDA margin towards 6% goal for 2021

>H1 2021 results due 23 August - B&S Group is set to report its H1 2021 results on 23 August at 07:00 and host a conference call later that day at 10:30. For H1 2021, we forecast net sales of € 842.8m (+3.3% organically), gross profit of € 115.5m (flat margin of 13.7%), EBITDA of € 41.9m (margin +80bps, to 5.0%), and net profit to ordinary shareholders of € 10.7m (+90.1%).Mixed divisional sales performances expected for Q2 and H1 2021 - Based on the e...
Underlying
B&S Group S.A.

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.

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Robert Jan Vos

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