BIC : Robust Q3 results – Good performance from the Shavers division- Full-year targets confirmed
>Q3 l-f-l sales +3.2% (6.4%e, css 6.5%); adjusted EBIT € 85.3m (css € 84m) - The BIC Group’s Q3 results came out broadly in line with expectations (-5% gap on the top line, +2% gap on the EBIT line), including: 1/ a 3.4% decline in sales to € 560.3m, while we and the consensus were looking for € 588.5m. At constant scope and currencies, sales increased by 3.2% (+3.8% over 9M), while we were expecting +6.4% (css +6.5%); the gap was mainly attributable to the Stationery...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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