Mensdorf, Luxembourg – November 6, 2023 (07:00 CET)
B&S Group S.A. (“B&S”) tech company in the consumer goods industry, today publishes its
trading update for the first nine months of 2023 (“9M 2023”).
Highlights 9M 2023 (compared to 9M 2022)
• Overall turnover increased by 4.9% to € 1,602.5 M (+5.5% on a constant
currency basis);
• Continued gross profit improvement influenced by business mix;
• Staff cost increases due to continued challenges in labor market, growth and
inflation.
Highlights Q3 2023 (compared to Q3 2022)
• Overall turnover stable for the quarter at € 545.0 M (Q3 2022: € 544.3 M);
• Increase in staff cost during the quarter albeit less steep compared to prior
quarters

Peter van Mierlo, CEO: “B&S has shown a solid performance over the third quarter, with stable
overall revenue, and increased gross margin. The underlying trends were different across our
segments, with Personal Care as outperformer. At the same time, Liquors was impacted by
continued challenging market circumstances, and Beauty was down mainly due to currency effects.
All in all, our third quarter results were in line with our forecasted projections and put us in the
position to deliver on our outlook for 2023.
We will maintain our focus on operational excellence, while we continue to address working capital
and strict cost management. We will update the market during our Capital Markets Day later this
month.”
Segmental review
The YTD 2023 turnover increased 4.9% compared to 2022. All segments, except for Food and
Liquors, contributed to increased turnover. The acquisition of Europe Beauty Group in France
contributed 0.5%. FX had a negative impact on turnover growth, at constant currency, turnover
increased by 5.5%.
Turnover split per segment
9M YTD
€ million
2023
reported
2023
organic
2023
acquisitive
2023
FX
2022
reported
? (%)
reported
? (%)
constant
currency
B&S Liquors 445.4 (26.5) - (2.3) 474.2 (6.1%) (5,6%)
B&S Beauty 513.7 19.8 7.9 (4.9) 490.9 4.6% 5,6%
B&S Personal Care 289.0 73.4 - - 215.6 34.0% 34,0%
B&S Food 236.0 (10.9) - (1.4) 248.3 (5.0%) (4,4%)
B&S Health 38.2 2.4 - - 35.8 6.7% 6,7%
B&S Retail 80.2 17.7 - (0.3) 62.8 27.7% 28,2%
TOTAL TURNOVER 1,602.5 75.9 7.9 (8.9) 1,527.6 4.9% 5.5%

see & read more on
https://www.bs-group-sa.com/data/uploads/2023/11/231106-9M-2023-trading-update.pdf