Bic : Mixed Q4 earnings and a year 2020 set to remain under pressure - Neutral rating maintained
>Mixed Q4 earnings: sales -3.8% l-f-l; normalised operating margin +110bp - Bic published mixed Q4 results (detailed figures on the next page). The key figures are as follow : a 1.9% drop in sales to € 501.2m (we expected € 511.1m and css € 512.2m) including -3.8% on a comparable basis which is lower than expected (-0.6% estimated) and marks a higher decline than over 9m (-1.2% on a comparable basis). In the end, over the year, revenue on a comparable basis fell ...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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