Bic released Q4 FY16 results broadly in line with our estimates as well as market consensus. Note that management has recently discontinued the operations of the Bic Graphic business and the segmental pro forma information is not currently available. Hence, all numbers in this write-up are used in accordance with the old reporting structure. The revenue at CER came in at +2.3% (vs AV’s estimate: +3.5%), driven by the strong growth momentum in the consumer business (+6.1% vs AV’s e
20 Feb 2017
Good performance in the quarter; Shavers business remains a concern
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Good performance in the quarter; Shavers business remains a concern
Societe BIC SA (BB:PAR) | 0 0 1.6% | Mkt Cap: 4,035m
- Published:
20 Feb 2017 -
Author:
Nishant Choudhary -
Pages:
3
Bic released Q4 FY16 results broadly in line with our estimates as well as market consensus. Note that management has recently discontinued the operations of the Bic Graphic business and the segmental pro forma information is not currently available. Hence, all numbers in this write-up are used in accordance with the old reporting structure. The revenue at CER came in at +2.3% (vs AV’s estimate: +3.5%), driven by the strong growth momentum in the consumer business (+6.1% vs AV’s e