Brief: B&S Group 9-Month Overall Turnover Down At 1.29 Billion Euros

B&S SA

08/11/2021 06:09

Nov 8 (Reuters) - B&S GROUP SA  BSGR.AS :
    * B&S GROUP 9M 2021 TRADING UPDATE
    * TURNOVER GROWTH IN Q3 HELD BACK BY PRODUCT SCARCITY IN
BEAUTY,
LIQUORS AND PERSONAL CARE
    * 9-MONTH OVERALL TURNOVER AMOUNTED TO EUR 1,287.2 M, A
DECREASE
OF 1.0% (+1.6% AT CONSTANT CURRENCY)
    * FINANCIAL POSITION REMAINED SOLID WITH CONTINUED FOCUS ON
WORKING CAPITAL
    * WE EXPECT OUR LIQUORS, BEAUTY AND PERSONAL CARE BUSINESS
TO
ACCELERATE OVERALL PERFORMANCE IN TERMS OF SALES AND MARGIN IN
Q4
    * OUTLOOK: THE UPWARD TREND IN RETAIL IS EXPECTED TO
CONTINUE IN
THE FOURTH QUARTER
    * WE REMAIN CONFIDENT ON MEETING OUR 2021 EBITDA MARGIN
TARGET
FOLLOWING OUR CONTINUED FOCUS ON HIGHER MARGIN BUSINESS
    * THE FOOD AND HEALTH SEGMENT ARE NOT EXPECTED TO ENHANCE
PERFORMANCE COMPARED TO Q3, AS THE TENDER BUSINESS THAT WAS
ORIGINALLY EXPECTED FROM AFGHANISTAN IN H2 WILL NOT MATERIALISE

Source text: https://bit.ly/3oaRW0i
Further company coverage:  BSGR.AS 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))