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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
B&S Group
B&S Group (BSGR) investor relations material
B&S Group has been delisted
B&S Group Q3 2025 TU earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 TU earnings summary11 Nov, 2025
Executive summary
Achieved satisfactory performance in Q3 2025, reflecting strategic decisions and resilience amid complex market conditions, including tariff discussions, inflation, and geopolitical tensions.
Financial highlights
9M 2025 turnover from continuing operations rose 2.4% to €1,705.2M (+3.2% at constant currency) compared to 9M 2024.
Normalized turnover growth from continuing operations, excluding divested Liquor business, was approximately 6%.
Q3 2025 turnover decreased by 1.1% to €585.5M (+0.7% at constant currency) compared to Q3 2024.
Overall gross profit margin as a percentage of turnover increased in Q3 2025.
Working capital markedly decreased year-over-year, driven by working capital management and divestments.
Financial expenses declined significantly due to lower interest rates and reduced debt.
Outlook and guidance
Topline growth for most segments expected to align with 2024-2026 financial objectives, except for Liquors and Travel Retail.
Projected consolidated topline growth of approximately 5% after adjusting for divested revenue.
EBITDA margin anticipated at the lower half of the 2024-2026 financial objectives due to geopolitical and tariff-related pressures.
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Latest events from B&S Group
- Turnover up 4.5% and net profit boosted by discontinued ops, despite margin pressure.BSGR
H1 2025 - Q3 sales up 11.8% year-over-year; gross margin pressured, EBITDA margin at lower end of guidance.BSGRQ3 2024 TU
- Turnover and profit rose, but higher debt and inventory prompt focus on working capital.BSGRH1 2024
- Q1 revenue up 4%–5.3% to €570M, but margin guidance withheld amid global uncertainty.BSGRQ1 2025 TU
- Turnover up 8.9% to €2.4B, EBITDA up 12.9%, 2025 outlook: 5% growth, 5–6% margin.BSGRQ4 2024
B&S Group
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Frequently asked questions
B&S Group S.A. is a global distributor of consumer goods, operating across various segments including B&S Liquors, B&S Beauty, B&S Personal Care, B&S Food, B&S Health, and B&S Retail. The company disitributes a wide range of branded products—from liquors, fragrances, cosmetics, personal and home care items, food and beverages, to medical products and consumer electronics—to a variety of markets. These markets include wholesalers, consumers, e-commerce platforms, duty-free locations, remote areas, retail, maritime sectors, and travel locations. B&S Group specializes in connecting suppliers with customers worldwide, particularly in channels and specialized markets where linking parties might otherwise be challenging. This includes retail (both B2B and B2C contexts), maritime (such as ship suppliers and cruise lines), remote locations (catering to industrial sites, peacekeeping missions, government and defense operations), and specialty retail markets. The company is headquartered in Betzdorf, Luxembourg, and its shares are listed on the Euronext Amsterdam.