B&S Group : Target price raised to € 11.5 on increased 2021-2023 estimates
>We raise our TP on B&S Group to € 11.5 and reiterate Outperform - B&S Group reported Q1 2021 sales of € 395.6m. The update was the first in which management provided sales based on the new divisional breakdown as presented during the Capital Markets Day (CMD) of 15 April. As management had not provided comparable figures on a quarterly basis until yesterday (17 May 2021), we did not prepare quarterly forecasts. Moreover, there is no consensus available. Knowing that ...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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.