B&S Group S.A. : TP cut to € 5, recommendation lowered to Neutral
>With a delay of seven weeks, 2022 results are set to be reported 17 April - On 20 February, B&S Group announced that it would delay the publication of its 2022 results originally scheduled for 27 February 2023. The main reason for the delay was that the group wanted to investigate several corporate governance-related issues and review its control framework and governance practices. On the same day, B&S Group also announced the resignations of its CEO, Tako de Haan, ...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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