Bic : Excellent Q3 results and the group has again revised its full-year sales targets. FCF still forecast at > € 200m
>Excellent Q3 results: EBIT of € 82.5m vs € 77.4m estimated - Bic group reported higher-than-expected Q3 results. The key points were as follows:1/ 8.4% growth in sales to € 478.4m whereas we looked for € 455.9m (gap +4.9%) and the consensus € 448m. At constant scope and currencies, growth was +5% whereas we looked for 0.4% (consensus -0.6%), which therefore accounts for the gap with our estimates.2/ EBIT was also higher than expected at € 82.5m (we looked f...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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