B&S Group S.A. Provides Sales Volume Guidance for the Second Quarter and Second Half of 2020
May 18, 2020 at 01:00 am EDT
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B&S Group S.A. provided sales volume guidance for the second quarter and second half of 2020. For the remainder of second quarter 2020, the company expects market circumstances similar to what the company has seen end of March and in the first part of second quarter. As such, The company anticipates sales volumes to decline 25% to 35% in second quarter 2020 on a like-for-like basis due to Covid-19 impact.
For the second half of 2020, the company do foresee a partial recovery of overall Group sales volumes starting in third quarter with further positive trends towards and in fourth quarter (traditionally strongest quarter), originating from growth of online channels and recovery of Asian and European markets, except for cruise and travel retail. Given the seasonality of these two markets with normally a peak in second quarter and third quarter, the company do not expect sales volumes to recover in 2020. All in all, the company consider 2020 a bridge year towards getting back to pre-Covid-19 sales growth levels for the Group in 2021.
B&S Group S.A. is a value adding distributor of consumer goods (health & beauty products, liquors, food & beverages, Electronics) in over 100 countries and acts as a single source supplier to attractive channels and specialized markets worldwide.
B&S Group S.A. provides tailored solutions throughout the supply chain, linking suppliers and customers that would otherwise find it difficult to connect. Customers include:
- Retail (B2B): value, online, secondary, underserved, and duty-free;
- Maritime: ship suppliers and cruise lines;
- Remote: caterers at remote industrial sites, peacekeeping missions, government and defence operations;
- Retail (B2C): customers in (travel) retail outlets and specialty retail markets.