Brief: B&S Group Q3 Total Turnover Up At EUR 544.3 Mln

B&S SA

07/11/2022 06:25

Nov 7 (Reuters) - B&S Group SA  BSGR.AS :
    * TOPLINE GROWTH OF 18.7% IN FIRST NINE MONTHS 2022
    * Q3: OVERALL TURNOVER INCREASED BY 17.4% TO € 544.3 M
(11.3% ON
CONSTANT CURRENCY)
    * Q3: SUPPLY CHAIN CONSTRAINTS STARTED TO NORMALISE WITH
EXCEPTION
OF THE BEAUTY SEGMENT AND THE INTERNATIONAL LIQUOR MARKET
    * FOR Q4, THE PERFORMANCE OF THE PERSONAL CARE SEGMENT IS
EXPECTED
TO CONTINUE AS A RESULT OF  INCREASED DEMAND AND STRONG STOCK
POSITIONS
    * WE FORESEE THE PERFORMANCE OF THE HEALTH SEGMENT TO
CONTINUE
INTO Q4 AND WE PROJECT FURTHER TURNOVER GROWTH FOR THE RETAIL
SEGMENT
    * IN THE FOOD SEGMENT WE  ANTICIPATE DECREASE IN TURNOVER
YET AT
SIMILAR MARGINS
    * FOR LIQUOR AND BEAUTY, CURRENT MARKET CIRCUMSTANCES ARE
EXPECTED
TO CONTINUE AND IMPACT  TURNOVER, MARGINS AND OPERATIONAL
EXPENSES IN LAST QUARTER
    * STRONG US DOLLAR IS NEGATIVELY AFFECTING  DEMAND
ESPECIALLY IN
THE INTERNATIONAL LIQUOR MARKET
    * EFFECTS OF GLOBAL ECONOMIC DEVELOPMENTS ON MARGINS AND
COST
LEVELS EXPECTED TO IMPACT RESULTS FOR FY 2022
    * GIVEN  LIQUOR AND BEAUTY BUSINESS HISTORICALLY PEAK IN Q4,
WE
EXPECT CURRENT MARKET CIRCUMSTANCES WILL SUBSTANTIALLY IMPACT
OVERALL RESULTS FOR FY 2022

Further company coverage:  BSGR.AS 
 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))