BIC: focus on margin expansion paid dividends in Q4
The softer-than-expected Q4 LFL growth (+2.4% vs. +4.4%e) has not spoilt BIC's year-end, with Q4 sales broadly in line with expectations whilst the aEBIT margin expansion topped the CSS (+560bp to 13.8% vs. 13.4%e). The other positive surprise is the payment of a total dividend of EUR4.27, includin
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