Bic released its Q4 18 results which were ahead of our estimates. Organic revenue surged 5.4% led by robust growth momentum in the Shavers (+9.2%; c.24% of sales) and Lighters (+9%; c.40% of sales) business, though the Stationery division reported a flat performance in Q4 (+0.6%; c.33% of sales). Geographically, Developing markets snowballed 10.7% (c.39% of sales), while Europe (+2.9%; c.24% of sales) and North America (+1.4%; c.37% of sales) recorded low single-digit growth. On a full-year b
13 Feb 2019
First read – strong Q4 results but weak guidance for FY19
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First read – strong Q4 results but weak guidance for FY19
Societe BIC SA (BB:PAR) | 0 0 1.6% | Mkt Cap: 4,035m
- Published:
13 Feb 2019 -
Author:
Sumit Sayal -
Pages:
3
Bic released its Q4 18 results which were ahead of our estimates. Organic revenue surged 5.4% led by robust growth momentum in the Shavers (+9.2%; c.24% of sales) and Lighters (+9%; c.40% of sales) business, though the Stationery division reported a flat performance in Q4 (+0.6%; c.33% of sales). Geographically, Developing markets snowballed 10.7% (c.39% of sales), while Europe (+2.9%; c.24% of sales) and North America (+1.4%; c.37% of sales) recorded low single-digit growth. On a full-year b