Societe BIC

Societe BIC designs, manufactures and distributes the following consumer products: stationery products, lighters, shavers, and other products. Its stationery products include writing instruments such as ball pens, felt pens, mechanical pencils; marking instruments; coloring and drawing instruments; correction instruments and glues. Co.'s stationery products are sold under the BIC® Kids, Tipp-Ex®, Wite-Out®, Sheaffer® and PIMACO® brands. Its other products segment includes promotional products including notebooks, key rings, magnets, and drinkware; Sport sales (surfboards, windsurf boards, kayaks and sailboats); adhesive labels and adhesive raw materials.
  • TickerBB
  • ISINFR0000120966
  • ExchangeEuronext Paris
  • SectorHousehold Goods & Home Construction
  • CountryFrance

Analysts

Cedric Rossi

BIC: BIC seeks to gradually stabilize its operating performance in 2020 | NEUTRAL | EUR70 vs. EUR75 (+14%)

BIC - NEUTRAL | EUR70 vs. EUR75 (+14%) BIC seeks to gradually stabilize its operating performance in 2020 Market share gains offset by sluggish market conditions North America -38% of sales- was/will remain the weak spot It is premature to expect any margin stabilization in 2020 BIC 2022 is still in its early stage

Cedric Rossi

BIC: Q4 margin beat expectations despite a sales miss, cautious 2020 outlook | NEUTRAL | EUR75 vs. EUR80 (+15%)

BIC - NEUTRAL | EUR75 vs. EUR80 (+15%) Q4 margin beat expectations despite a sales miss, cautious 2020 outlook Q4 sales declined by 1.9% LFL vs. CS of -0.6% Weak US trends continued to affect BIC’s top line Stronger-than-expected NIFO margin performance Prudent outlook for 2020

Alfred Glaser ...
  • Aurelien Sivignon
  • Charles Lepetitpas
  • Christophe Chaput
  • Delphine Brault
  • Emmanuel Matot
  • Jean Sassus
  • Martial Descoutures
  • Nicolas David
  • Nicolas Thorez
  • Oussema Denguir
  • Stephane Houri
  • Steven Gould

ODDO BHF Small & MIDCAP MORNING NEWS - 02/12/2020

...

Cedric Rossi

BIC: BIC seeks to gradually stabilize its operating performance in 2020 | NEUTRAL | EUR70 vs. EUR75 (+14%)

BIC - NEUTRAL | EUR70 vs. EUR75 (+14%) BIC seeks to gradually stabilize its operating performance in 2020 Market share gains offset by sluggish market conditions North America -38% of sales- was/will remain the weak spot It is premature to expect any margin stabilization in 2020 BIC 2022 is still in its early stage

Cedric Rossi

BIC: Q4 margin beat expectations despite a sales miss, cautious 2020 outlook | NEUTRAL | EUR75 vs. EUR80 (+15%)

BIC - NEUTRAL | EUR75 vs. EUR80 (+15%) Q4 margin beat expectations despite a sales miss, cautious 2020 outlook Q4 sales declined by 1.9% LFL vs. CS of -0.6% Weak US trends continued to affect BIC’s top line Stronger-than-expected NIFO margin performance Prudent outlook for 2020

Christophe Chaput

Bic : Mixed Q4 earnings and a year 2020 set to remain under pressure - Neutral rating maintained

>Mixed Q4 earnings: sales -3.8% l-f-l; normalised operating margin +110bp - Bic published mixed Q4 results (detailed figures on the next page). The key figures are as follow : a 1.9% drop in sales to € 501.2m (we expected € 511.1m and css € 512.2m) including -3.8% on a comparable basis which is lower than expected (-0.6% estimated) and marks a higher decline than over 9m (-1.2% on a comparable basis). In the end, over the year, revenue on a comparable basis fell ...

Christophe Chaput

Bic : Des résultats T4 contrastés et une année 2020 qui devrait rester sous pression. Opinion Neutre maintenue

>Des résultats T4 contrastés : CA -3.8% lfl ; MOP norm. +110 pb - Au titre de son dernier trimestre 2019, le groupe Bic publie des résultats contrastés (cf détails chiffrés page suivante). Ceux-ci se caractérisent par : Une baisse du chiffre d’affaires de 1.9% à 501.2 M€ (nous retenions 511.1 M€ et le css 512.2 M€) dont -3.8% à base comparable ce qui est inférieur aux attentes (-0.6% estimé) et marque un recul plus prononcé que les 9m (-1.2% à base comparable). A...

Feasibility Study Results in December to be a Catalyst for this Junior

Feasibility Study Results in December to be a Catalyst for this Junior