Mensdorf, Luxembourg – May 20, 2019 (07:00 CET) B&S Group S.A. (“B&S Group” or the “Group”), a fast-growing, global distribution partner for consumer goods, today publishes its trading update for the first quarter of 2019 (“Q1 2019”).

Highlights
In Q1 2019 turnover increased compared to the same period last year by 19.8% to € 425.9 million at reported rates (of which 8.6% organically), while at constant currency turnover grew 17.0% to € 416.0 million;
Accelerated by FragranceNet.com, HTG was main driver behind the growth in turnover;
Logistical constraints in B&S Segment noticeable in results, however not materially deviating from what was anticipated.
Bert Meulman, CEO: “During Q1 2019 we delivered a top line growth of 19.8%, of which 8.6% organically. Particularly driven by the Health & Beauty category, the HTG segment showed very good top line growth. The integration of FragranceNet.com within this segment is progressing ahead of initial planning and we foresee a further increase in contribution to our medium term results from margin improvements, the newly opened warehouse in the West Coast and the roll out of our B2B model in the USA. Despite the logistical constraints that became manifest in the latter part of 2018, the B&S segment managed to realise modest turnover growth. Our retail segment performed as expected, with new concessions in Abu Dhabi, Berlin and the newly awarded contract in Malaga getting into operation towards the end of the year. All in all, we continue to look with confidence to the Group results for the remainder of 2019.”

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