B&S Group S.A. : Q1 2023 growth ahead of full-year goal, but tougher comps ahead
>Organic sales growth of 12.3% in Q1 2023 - B&S Group started the year with organic sales growth of 12.3%, ahead of the group’s goal for full-year 2023 (of organic sales growth below the 9.0% reported in 2022). All divisions except Food contributed to the growth in Q1 2023. Management said that its balance sheet and liquidity remained healthy, and that working capital and working capital days decreased compared with Q1 2022. Currencies added 2.4% to sales growth, and ...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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