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B&S Group (BSGR) investor relations material
B&S Group H1 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Executive summary
Turnover increased 4.5% year-over-year to €1,119.6M, driven by Beauty, Personal Care, and Food segments, with operational excellence and improved working capital management.
Net profit from continuing operations was €14.5M–€60M, while total net profit including discontinued operations rose to €40.7M, mainly due to the Health segment divestment.
Divested nonstrategic liquor and health segments, focusing on core operations and segment accountability.
Strategy execution improved managerial performance, culture, and governance, with ongoing digitisation and sustainability initiatives.
Acquisition of Tastemakers Holding B.V. contributed to Personal Care segment growth.
Financial highlights
Turnover grew 4.5% to €1.1B; gross profit up 4.2% to €167.3M with margin at 14.9% year-over-year.
Normalized EBITDA margin decreased from 5.1% to 4.2%–4.4% due to higher staff costs and global pressures.
Net profit from continuing operations at €14.5M; total net profit including discontinued operations at €40.7M.
Positive operating cash flow of €9.5M, a €54M improvement from last year’s outflow.
Staff costs rose 9.1% to €88M–€122.4M, mainly due to warehouse robotization and temporary staff.
Outlook and guidance
Topline growth expected at approximately 5% for the full year 2025, excluding divested revenue.
Staff costs anticipated to continue rising in line with first half trends and market developments.
Normalized EBITDA margin expected in the lower half of the communicated financial objectives range.
Diversification across segments expected to support results amid ongoing market uncertainties.
Liquors topline to remain lower due to strategic changes; Travel Retail to grow in existing locations but offset by prior closures.
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