B&S Group S.A. : Risk-return trade-off too attractive to ignore; upgrade to Outperform
>New strategic goals for 2024-26 appear achievable - At its CMD on 21 November, B&S Group set several new financial goals for 2024-2026 that appear to be achievable, in our view. In fact, for some goals we note that B&S Group is already operating in line with the targets, while for others we believe the bar is not set very high. Through 2024-2026, management targets 5-7% organic sales growth pa, EBITDA profitability of 5-6%, return on invested working capital of at l...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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