BIC : Preview: growth at constant forex excluding Argentina could be a touch soft and with a slight deterioration in the operating margin
>Q1 preview : we forecast operating margin to fall slightly by 80 bp and sales at constant forex excluding Argentina up around +0.8% - On 23 April 2024 (after market close), Bic is due to publish its Q1 results followed by a conference call with management the next day. For the full year, targets are based on sales growth of between 5% and 7% (excluding Argentina), which is a good performance (we forecast +5%) and in line with 2025 forecasts. The adjusted operating ma...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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