Lucas Bols : Solid sales performance with supply chain impacting profitability
>Sales 16% ahead of AAOBe - A more cautious consumer is not yet visible in Bols’ 1H22/23 results: the company reported a 16% beat on sales vs our estimates (no css available), fuelled mainly by strong Regional Brands performance. Global Cocktail Brands sales coming in 9% above AAOBe and Regional Brands 38% above. On a brands basis, as guided, Bols Cocktails were strong in 1H22/23 as well as Regional Brands. On a regional basis, most key markets saw double-digit revenu...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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