BIC : Q4 results broadly ahead of expectations and excellent FCF. Dividend € 2.85 + € 1.42 extraordinary dividend
>Q4 results better than expected: Adjusted EBIT € 72.7m vs € 70.2m estimated - The BIC group reported Q4 results that broadly speaking beat expectations. They were characterised by: 1/ virtually stable sales at € 526.1m (-0.1%), close to our expectations (€ 525.4m / css € 529.6m), pointing to l-f-l growth of +2.4%. At constant exchange rates, growth was 15.9% (Argentina impact +13.5%). Over the full year, growth at CER was 9.2% (vs guidance for between +5% and +7%; Ar...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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