Nine Months 2020 B&S Group SA Corporate Sales Call Transcript
Hello and welcome to the B&S Group 9M 2020 Trading Update Call. My name is Rinkel, and I will be your coordinator for today's event. Please note, this conference is being recorded. (Operator Instructions)
I will now hand you over to your host, Tako de Haan, to begin today's conference. Thank you.
Good morning, all. This is Tako de Haan, CEO of B&S Group. With me here is Peter Kruithof, our CFO. Peter and I will take you through the highlights of the 9-month trading update that we published this morning. After that, I would like to open up for Q&A.
So in Q3, COVID-19 continued to influence the channel dynamics in our markets, but we did see an improvement trend in turnover compared to the first half of the year. Turnover declined by 2.1% in Q3 compared to an approximate 12% decrease in Q2. This trend was mainly driven by our Health & Beauty segment. To be more precise, by our online channels and value retail in Europe.
Our Liquor business in
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