Bic reported a third consecutive quarter of negative organic growth impacted by deteriorating conditions in the US lighters industry. The weak performance in stationery during the back-to-school season also weighed on the performance, nonetheless, shavers provided some respite, led by the success of value-added products. Given the continued challenging environment, the FY19 guidance has been slashed. The margin could also come under pressure and this may affect dividends.
24 Oct 2019
FY19 outlook trimmed after another disappointing quarter
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FY19 outlook trimmed after another disappointing quarter
Societe BIC SA (BB:PAR) | 0 0 1.6% | Mkt Cap: 4,035m
- Published:
24 Oct 2019 -
Author:
Sumit Sayal -
Pages:
3
Bic reported a third consecutive quarter of negative organic growth impacted by deteriorating conditions in the US lighters industry. The weak performance in stationery during the back-to-school season also weighed on the performance, nonetheless, shavers provided some respite, led by the success of value-added products. Given the continued challenging environment, the FY19 guidance has been slashed. The margin could also come under pressure and this may affect dividends.