Bic released its FY18 results wherein underlying revenue growth came in at +1.5%, thus achieving the target of +1-3% set by management. Segment-wise, the Lighters division was the primary growth contributor (+2.4%; c.35% of sales) while both the Shavers (c.23% of sales) and Stationery (c.40% of sales) divisions reported +1.7% growth, respectively. On the profitability front, though the adjusted operating margin exceeded expectations (18.1% vs. target of 17-18%), the margin plunged as compared
26 Mar 2019
Detailed analysis – weak revenue and profitability guidance for FY19
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Detailed analysis – weak revenue and profitability guidance for FY19
Societe BIC SA (BB:PAR) | 0 0 1.6% | Mkt Cap: 4,035m
- Published:
26 Mar 2019 -
Author:
Sumit Sayal -
Pages:
4
Bic released its FY18 results wherein underlying revenue growth came in at +1.5%, thus achieving the target of +1-3% set by management. Segment-wise, the Lighters division was the primary growth contributor (+2.4%; c.35% of sales) while both the Shavers (c.23% of sales) and Stationery (c.40% of sales) divisions reported +1.7% growth, respectively. On the profitability front, though the adjusted operating margin exceeded expectations (18.1% vs. target of 17-18%), the margin plunged as compared