BIC : Q3 underlying operating profit below expectations but the sales increase allows the group to raise the revenue guidance for the 2022 full-year
>Q3 underlying operating profit below expectations (€ 65.6m vs € 75.8me; consensus € 74.7me) - For its third quarter, the BIC group published contrasting results which are marked by excellent sales growth but a disappointing underlying operating profit. We would note in particular: 1/ sales up 21.3% to € 580.1m while we had forecast € 562.3m (difference of +3%; consensus € 567m). On a comparable basis, the increase is +7.6% (we retained 5.6%; consensus +6.6%) includin...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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