Bic : A great start to the year, but cost inflation will weigh on EBIT growth in 2022
>Q1 results better than expected: EBIT €101.9m vs our forecast of €64m - The Bic group has reported excellent first-quarter results, well above expectations. They are characterised by: (i) an increase of 25.5% in sales to €515.7m, above our estimates and those of the consensus (€466m; difference +10.7%). At constant scope and exchange rates, the increase was 18.8%, vs our expectation of +7.2% (consensus +8.7%), which explains most of the difference with expectations; ...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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