Report
Christophe Chaput

BIC : Une bonne résistance de la profitabilité (+90 pb) dans un contexte difficile (CA -0.9% à change constants hors Argentine)

>Un ROC supérieur aux attentes : 107.4 M€ vs 97 M€ estimé - Au titre du T2, le groupe BIC publie des résultats globalement légèrement supérieurs aux attentes. Nous retenons ainsi : 1/ Une baisse du CA de 3.2% à 617.8 M€ en précisant qu’à change constants hors Argentine, l’activité aurait reculé de 0.9%. Pour notre part, nous retenions une baisse de 1.2% et le consensus de 0.6%. Par zone géographique, cette baisse est attribuable à l’Amérique du Nord (38% du CA co...
Underlying
Societe BIC SA

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.

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Christophe Chaput

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