Bic : 2018 results in line with the guidance with a good Q4. But the 2019 guidance targets a flat operating margin at best
>Q4 results better than expected: underlying operating profit of € 87.1m vs € 78.3me - For Q4, BIC reported results that are broadly better than expected. These are characterised by (see details by division) : sales growth of +2.7% to € 511m, with an increase on like-for-like of +5.4% which is a good performance, in line with the trends seen in Q3 (+5.2%). We had forecast sales of € 516.3m and the consensus € 504.3m (+2.3% l-f-l). For the full year, l-f-l growth ...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.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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