BIC : Better-than-expected Q2 results driven by Paper Division - Full-year targets maintained
>Q2 results ahead of expectations: underlying operating profit of € 105m vs € 98.3m est. (consensus: € 96.2m) - For its second quarter, the Bic group published results that were better than expected overall (difference : -3% on sales and +7% on underlying operating profit; +9% vs consensus). They were marked by: 1/ sales up by 4.4% to € 638.2m, compared with our forecast at € 658.5m and consensus at € 645.3m. On a like-for-like basis, sales rose by 6.9%, compared wit...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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