Disappointing Q1 with sales and operating margin slipping to historical lows – each segment and geography reported negative organic growth. Unfortunately, the market environment remained challenging (from a consumption and competitive perspective) and the COVID-19 outbreak aggravated the pain. Q2 could be worse as the rapidly declining US pocket lighter and one-piece shaver markets could weigh on performance. Stationery could be affected by school closures and the reduced number of offi
27 Apr 2020
Sales and operating margin at historical lows; Q2 could be worse
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Sales and operating margin at historical lows; Q2 could be worse
Societe BIC SA (BB:PAR) | 0 0 1.6% | Mkt Cap: 4,035m
- Published:
27 Apr 2020 -
Author:
Sumit Sayal -
Pages:
3
Disappointing Q1 with sales and operating margin slipping to historical lows – each segment and geography reported negative organic growth. Unfortunately, the market environment remained challenging (from a consumption and competitive perspective) and the COVID-19 outbreak aggravated the pain. Q2 could be worse as the rapidly declining US pocket lighter and one-piece shaver markets could weigh on performance. Stationery could be affected by school closures and the reduced number of offi