B&S Group S.A. : Sales 3% ahead of forecast in Q3, but all eyes on EGM on 17 November
>Sales of € 544m beat our forecast by 3%, mainly attributable to Food - B&S Group’s Q3 2022 sales came in at € 544m, which was 3% ahead of our forecast. Organic sales growth amounted to 10%, more than 5p.p. higher than our estimate of 4.8%. However, the contribution from M&A and currencies came in below our expectations, which explains why reported sales were just 3% ahead of our estimate. When looking at the segments, we conclude that the Food segment was the main re...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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