Lucas Bols : Mixed set of FY22-23 results
>3% miss on sales - The company reported a 3% miss on sales vs our estimates (no css available), fuelled mainly by driven by premiumisation, the acquisition of Tequila Partida, price increase and positive FX. Normalised operating profit missed our estimates by 28% due to higher input costs. On top comes a € 24m one-off included in opex due to a substantial increase in the applicable discount rate. We anticipated FCF to be quiet soft but it actually came in slightly h...Lucas Bols NV manages the product development, bottling, distribution, sales and marketing of the brands Bols, Galliano, Vaccari, Damrak Gin, Pisang Ambon, Bokma, Hartevelt, Coebergh, PassoAPS and a large group of Dutch jenevers and liqueurs. Co.'s objective is to strengthen and grow its global brands in the international cocktail market while maintaining the competitiveness of its regional brands in regional and local markets.
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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