With four consecutive quarters of negative organic growth, Bic’s FY19 sales came in at the lower end of the target range – while lighters and stationery were under pressure throughout the year, shavers slipped into the red in Q4. Given the continued challenging trading environment across categories and geographies, the FY20 outlook is also on a weaker side. However, we believe the family-owned/controlled group would refrain from dividend cuts in the future, as seen in FY19, despit
13 Feb 2020
Sales momentum decelerates in Q4 19; outlook for FY20 also weak
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Sales momentum decelerates in Q4 19; outlook for FY20 also weak
Societe BIC SA (BB:PAR) | 0 0 1.6% | Mkt Cap: 4,035m
- Published:
13 Feb 2020 -
Author:
Sumit Sayal -
Pages:
4
With four consecutive quarters of negative organic growth, Bic’s FY19 sales came in at the lower end of the target range – while lighters and stationery were under pressure throughout the year, shavers slipped into the red in Q4. Given the continued challenging trading environment across categories and geographies, the FY20 outlook is also on a weaker side. However, we believe the family-owned/controlled group would refrain from dividend cuts in the future, as seen in FY19, despit