Bic : Excellent Q2 results and sales guidance logically upgraded. FCF still expected at more than € 200m
>Excellent Q2 results: underlying operating profit of € 105.6m vs ODDO BHF estimate of € 74.8m - For Q2, Bic reported earnings that beat expectations, including: 1/ 20.7% sales growth to € 505.7m whereas we expected € 464m and the consensus € 474m (difference +6.7%). On a constant scope and forex basis, growth came to 23.9% whereas we had forecast 13.4% (consensus: 14.6%). Profitability was also a positive surprise with underlying operating profit of € 105.6m vs our e...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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