BIC : Excellent Q3 results and 2024 operating margin guidance revised up
>Q3 earnings above forecasts: c.EBIT of € 102.2m vs € 84me (css € 83.7m) - The BIC group has reported excellent Q3 earnings with: 1/ sales of € 539.7m, down 3.7% generally in line with our forecast (€ 541m) and the consensus figure (€ 542.2m), although on a constant currency basis excluding Argentina, we note that sales rose by 0.2%. We were expecting a 0.7% decline and the consensus -0.4%. Relative to Q2 (-0.9% cc excl. Argentina), the group therefore returned to a ...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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