B&S Group S.A. : Solid Q1 2022, but sales/cost inflation puts EBITDA margin under pressure
>A strong start to 2022, with Q1 2022 sales 6.4% ahead of our forecast - B&S Group reported net sales of € 453.3m in Q1 2022, 6.4% ahead of our forecast of € 426.2m. Organic growth was 11.5%, which was materially ahead of our forecast of 4.4%. Favourable currencies added 3.1% to sales growth in Q1 2022. In three of the company’s six segments organic sales growth was better than expected, one segment reported in-line sales and two segments reported organic sales growth...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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