B&S Group S.A. ("B&S") a company in the consumer goods industry, today publishes its trading update for the first nine months of 2024 ("9M 2024").
Highlights 9M 2024 (compared to 9M 2023)
▪ Overall turnover increased by 6.8% to € 1,711.2 M (9M 2023: € 1,602.5 M);
▪ Strong turnover growth in all but one segment;
▪ Overall gross profit margin as a percentage of turnover slightly decreased;
▪ Staff costs increased, impacted by both inflation and the tight labour market.
Highlights Q3 2024 (compared to Q3 2023)
▪ Overall turnover increased by 11.8% to € 609.1 M (Q3 2023: € 545.0 M);
▪ Turnover increased across all segments, while gross margins decreased;
▪ Increase in staff cost in line with expectations.
Message from the Executive Board
Although the underlying trends per segment differ, all segments contributed to an overall turnover growth of 11.8% in the third quarter. This strong growth was realised in market circumstances impacted by geopolitical uncertainty. Trade tensions and global logistical disruptions are directly and indirectly affecting both our realised gross margins as well as our working capital positions. Our 9M YTD turnover increased by 6.8% well within our projected turnover growth of 5%-7%.
We reconfirm the previously shared outlook for 2024. As a result of current market circumstances, we expect EBITDA margin to land at the lower half of the range of 5%-6%.
Presse release:
https://www.bs-group-sa.com/data/uploads/2024/11/Press-release-9M-trading-update.pdf
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