BIC - BUY | EUR70 VS. EUR67 (+27%) Impressive sales and margin beat in Q2
BIC - BUY | EUR70 VS. EUR67 (+27%)Impressive sales and margin beat in Q2
Q2 sales: c.7% beat vs. CS expectations
Lighters fuelled again the strong sales momentum
Q2 adj. EBIT: 34.5% beat vs. CS estimates
FY21 sales guidance upgrade that still implies a cautious H2 outlook
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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