The weak underlying trends in Bic’s addressable markets worsened further with the pandemic, resulting in an organic revenue decline of 21.5% in Q2. However, effective cost management ensured that the dent in profitability was less severe than feared. To protect cash flow generation for the remainder of the year, Bic has announced action plans to manage opex, capex and inventory levels. Nonetheless, weak consumer spending trends and the impairment of Cello India (the second within two ye
30 Jul 2020
Prudent cost management in Q2, though Cello India’s impairment is bothersome
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Prudent cost management in Q2, though Cello India’s impairment is bothersome
Societe BIC SA (BB:PAR) | 0 0 1.6% | Mkt Cap: 4,035m
- Published:
30 Jul 2020 -
Author:
Sumit Sayal -
Pages:
4
The weak underlying trends in Bic’s addressable markets worsened further with the pandemic, resulting in an organic revenue decline of 21.5% in Q2. However, effective cost management ensured that the dent in profitability was less severe than feared. To protect cash flow generation for the remainder of the year, Bic has announced action plans to manage opex, capex and inventory levels. Nonetheless, weak consumer spending trends and the impairment of Cello India (the second within two ye