Q1 sales grew 6.9% at CER and 1.3% as reported. Normalised income from operation decreased by 25%, including the impact of the special employee bonus and by 13.9% excluding this impact. The net cash position was €387.1m, compared to €448m at end FY15.
28 Apr 2016
Decreasing operating margin due to investments in R&D and brand support
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Decreasing operating margin due to investments in R&D and brand support
Societe BIC SA (BB:PAR) | 0 0 1.6% | Mkt Cap: 4,035m
- Published:
28 Apr 2016 -
Author:
Armelle Moulin -
Pages:
2
Q1 sales grew 6.9% at CER and 1.3% as reported. Normalised income from operation decreased by 25%, including the impact of the special employee bonus and by 13.9% excluding this impact. The net cash position was €387.1m, compared to €448m at end FY15.