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
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.
Since 1996, Bryan, Garnier & Co has been growing with an absolute conviction that the investment banking landscape would experience a major revolution: most of the large local generalist banking groups will disappear to the benefit of a handful of global powerhouses, and an emerging group of independent, highly specialised boutique investment banks.
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