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Societe BIC SA (BICP.PA)

BICP.PA on Paris Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Bic Agrees With Haco Industries On Transfer Of Manufacturing and Distribution
Friday, 31 Aug 2018 02:57am EDT 

Aug 31 (Reuters) - SOCIETE BIC SA ::REG-BIC : BIC-HACO INDUSTRIES AGREEMENT.HACO INDUSTRIES KENYA LTD AND SOCIETE BIC: AGREEMENT FOR TRANSFER OF MANUFACTURING FACILITIES AND DISTRIBUTION OF BIC PRODUCTS TO BIC.TRANSFER IS EXPECTED TO BE COMPLETED BY 1(ST) JANUARY 2019.  Full Article

Bic Q1 Net Sales 415.4 Million Euros, Down 1.5 Percent On Comparative Basis
Wednesday, 25 Apr 2018 01:15am EDT 

April 25 (Reuters) - Societe BIC SA ::Q1 NET SALES: 415.4 MILLION EUROS, DOWN 1.5% ON A COMPARATIVE BASIS.WE EXPECT 2018 GROUP NET SALES TO INCREASE BETWEEN +1 AND +3% ON A COMPARATIVE BASIS.Q1 NORMALIZED(1) INCOME FROM OPERATIONS: 69.6 MILLION EUROS.MAJOR FACTORS AFFECTING SALES PERFORMANCE COULD INCLUDE CONTINUED COMPETITIVE PRESSURES IN SHAVER.GROSS PROFIT IN 2018 WILL BE IMPACTED BY AN INCREASE IN RAW MATERIAL COSTS, HIGHER DEPRECIATION.ORDINARY DIVIDEND OF 3.45 EUROS PER SHARE PROPOSED AT ANNUAL SHAREHOLDERS' MEETING.WE EXPECT 2018 GROUP NET SALES TO INCREASE BETWEEN +1 AND +3% ON A COMPARATIVE BASIS.Q1 NET INCOME GROUP SHARE: 48.6 MILLION EUROS, DOWN 1.9%.2018 NORMALIZED INCOME FROM OPERATIONS WILL ALSO BE IMPACTED BY SALES PERFORMANCE.MAJOR FACTORS AFFECTING SALES PERFORMANCE COULD INCLUDE FURTHER INVENTORY REDUCTIONS FROM RETAILERS, AND CONTINUED SOFTNESS IN BRAZILIAN ECONOMY.2018 GROSS PROFIT WILL BE IMPACTED BY AN INCREASE IN RAW MATERIAL COSTS, HIGHER DEPRECIATION.EXPECT NORMALIZED INCOME FROM OPERATIONS MARGIN TO BE BETWEEN 17% AND 18% IN 2018.GROSS PROFIT WILL BE IMPACTED BY AN INCREASE IN RAW MATERIAL COSTS, HIGHER DEPRECIATION, WHILE WE WILL CONTINUE TO INVEST IN TARGETED BRAND SUPPORT AND OPERATING EXPENSE.NET CASH POSITION: 184.6 MILLION EUROS AT END Q1.2018 OPERATIONS MARGIN TO BE BETWEEN 17% AND 18%.2018 NORMALIZED INCOME FROM OPERATIONS WILL ALSO BE IMPACTED BY SALES PERFORMANCE..  Full Article

Bic Nominates Gonzalve Bich As Chief Executive Officer
Wednesday, 14 Feb 2018 02:00am EST 

Feb 14 (Reuters) - Bic ::‍WILL PROPOSE PAYMENT OF A 3.45 EUROS ORDINARY DIVIDEND(1) PER SHARE​.PROPOSE PAYMENT OF A 3.45 EUROS ORDINARY DIVIDEND(1) PER SHARE TO SHAREHOLDERS..BRUNO BICH'S RESIGNS AS CHAIRMAN AND CHIEF EXECUTIVE OFFICER DUE TO AGE LIMIT.NOMINATE CURRENT EXECUTIVE VICE-PRESIDENT AND CHIEF OPERATING OFFICER, GONZALVE BICH, AS CHIEF EXECUTIVE OFFICER..‍BOARD OF DIRECTORS FOLLOWING SHAREHOLDERS' MEETING INTENDS TO SEPARATE FUNCTIONS OF CHAIRMAN AND CHIEF EXECUTIVE OFFICER​.NOMINATE CURRENT VICE-PRESIDENT OF BOARD AND LEAD DIRECTOR, PIERRE VAREILLE, AS CHAIRMAN OF BOARD.  Full Article

Bic Q4 Net Sales Up 5.9 Percent at 491.6 Million Euros
Wednesday, 31 Jan 2018 12:00pm EST 

Jan 31 (Reuters) - BIC ::REG-BIC : Q4 AND FULL YEAR 2017 UNAUDITED RESULTS AND 2018 OUTLOOK.FY 2017 NET SALES: 2,020.3 MILLION EUROS, UP 1.4% ON A COMPARATIVE BASIS.‍Q4 2017 NET SALES AT 491.6 MILLION EUROS, UP 5.9% ON A COMPARATIVE BASIS​.FULL YEAR 2017 NORMALIZED IFO: 400.9 MILLION EUROS WITH NORMALIZED IFO MARGIN AT 19.8%.‍EXPECT 2018 GROUP NET SALES TO INCREASE BETWEEN +1 AND +3% ON A COMPARATIVE BASIS​.PROPOSED ORDINARY DIVIDEND FOR 2017: 3.45 EUROS PER SHARE.2018 NORMALIZED INCOME FROM OPERATIONS WILL ALSO BE IMPACTED BY SALES PERFORMANCE..IN 2018 GROSS PROFIT WILL BE IMPACTED BY AN INCREASE IN RAW MATERIAL COSTS, HIGHER DEPRECIATION .BASED ON THESE FACTORS WE EXPECT NORMALIZED INCOME FROM OPERATIONS MARGIN TO BE BETWEEN 17% AND 18% IN 2018.  Full Article

BIC 9-month net sales up slightly at 1.53 ‍​billion euros
Wednesday, 25 Oct 2017 01:53am EDT 

Oct 25 (Reuters) - BIC ::9 MONTH NET SALES EUR 1.53 ‍​BILLION VERSUS EUR 1.52 BILLION YEAR AGO.9 MONTH NET INCOME GROUP SHARE EUR ‍​ ‍​187.3 MILLION VERSUS EUR 213.7 MILLION YEAR AGO.TO INVEST APPROXIMATELY 28 MILLION EUROS IN A NEW WRITING INSTRUMENTS FACILITY IN INDIA‍​.FY NET SALES ORGANIC GROWTH IS EXPECTED TO BE SLIGHTLY BELOW 2 PCT‍​.EXPECTS 2017 NORMALIZED INCOME FROM OPERATIONS MARGIN TO DECLINE BY LESS THAN 100 BPS.AT END OF SEPT., GROUP’S NET CASH POSITION STOOD AT EUR 181.6 MILLION ‍​.Q3 NET SALES EUR ‍465.8 MILLION, DOWN 5.0% AS REPORTED AND DOWN 0.9% ON A COMPARATIVE BASIS​.  Full Article

Bic cuts FY net sales outlook
Friday, 29 Sep 2017 11:40am EDT 

Sept 29 (Reuters) - BIC ::REG-BIC UPDATES ITS FULL YEAR 2017 NET SALES OUTLOOK.‍2017 NET SALES ORGANIC GROWTH(1) IS EXPECTED TO BE SLIGHTLY BELOW 2%, COMPARED TO BETWEEN +3% AND +4% COMMUNICATED PREVIOUSLY.​.‍AT THIS SALES GROWTH LEVEL, WE EXPECT 2017 NORMALIZED INCOME FROM OPERATIONS MARGIN DECLINE TO BE LESS THAN 100 BASIS POINTS.​.‍REVISED FULL YEAR 2017 NET SALES ORGANIC GROWTH OUTLOOK IS DUE TO: * LOWER THAN EXPECTED PERFORMANCE IN U.S. LIGHTERS AND SHAVERS FOR BALANCE OF YEAR​.‍SEVERAL MAJOR CUSTOMERS ARE REDUCING THEIR INVENTORY LEVELS, AFFECTING SELL-IN​.‍WET SHAVE MARKET CONTINUES TO BE HEAVILY DISRUPTED​.GROUP CONFIRMS ITS NORMALIZED INCOME FROM OPERATIONS MARGIN OUTLOOK OF LESS THAN 100 BASIS POINTS DECLINE.REVISED FY OUTLOOK DUE TO ‍STRONGER THAN EXPECTED SOFTNESS IN LATIN AMERICA​.  Full Article

Societe BIC absorbs Bic Clichy
Monday, 21 Aug 2017 01:57am EDT 

Aug 21 (Reuters) - SOCIETE BIC ::SAID ON FRIDAY, SOCIETE BIC AND BIC CLICHY DREW UP MERGER PLAN.BIC CLICHY WILL CONTRIBUTE ENTIRETY OF ITS ASSETS AGAINST TAKING OVER OF ITS LIABILITIES.AS SOCIETE BIC HOLDS 100 PCT OF SHARES OF BIC CLICHY AND UNDERTAKES TO HOLD THEM CONTINUOUSLY UNTIL COMPLETION OF THE MERGER, OPERATION IS FULL MERGER.THE MERGER WILL BE EFFECTIVE ON SEPT. 30, 2017 WITH RETROSPECTIVE EFFECT ON JAN. 1, 2017 FOR ACCOUNTING AND TAX PURPOSES.RESULTS OF ALL TRANSACTIONS AFFECTING ASSETS OR LIABILITIES CARRIED OUT BY BIC CLICHY FROM JAN. 1, 2017, TO COMPLETION OF MERGER WILL BE CHARGED OR CREDITED EXCLUSIVELY TO SOCIETE BIC.ENTITY'S ASSETS AND LIABILITIES OF BIC CLICHY WILL BE TRANSFERRED, AT NET BOOK VALUE AS OF DEC. 31, 2016, TO SOCIETE BIC; TRANSFERRED NET ASSETS AMOUNT TO EUR 1.29 BLN.DIFFERENCE BETWEEN TRANSFERRED NET ASSETS VALUE AND BOOK VALUE OF SHARES RECORDED IN SOCIETE BIC’S ACCOUNTS WILL LEAD TO MERGER PREMIUM OF EUR 492.4 MLN.THROUGH COMPLETION OF MERGER, BIC CLICHY WILL BE DISSOLVED.  Full Article

Bic H1 net sales 1,062.9 million euros, up 3.0%
Thursday, 3 Aug 2017 01:29am EDT 

Aug 3 (Reuters) - BIC : :‍FIRST HALF NET SALES: 1,062.9 MILLION EUROS, UP 3.0% AS REPORTED AND UP 0.3% ON A COMPARATIVE BASIS​.‍EXPECT TO TREND BETWEEN 3% TO 4% FULL YEAR ORGANIC NET SALES GROWTH.​.Q2 NET INCOME GROUP SHARE EUR 79.9 MILLION VERSUS EUR 89.1 MILLION YEAR AGO.NET CASH POSITION AT END JUNE 2017 EUR 87.2 MILLION.‍MARKETS REMAIN VOLATILE FOR BALANCE OF YEAR, COUPLED WITH RECENT SIGNS OF LOWER CONSUMPTION IN BRAZIL​.EXPECT DECREASE IN 2017 NORMALIZED INCOME FROM OPERATIONS MARGIN TO BE LESS THAN - 100 BASIS POINTS INITIALLY EXPECTED - CEO.BIC PRIOR 2017 ORGANIC GROWTH OUTLOOK: MID-SINGLE DIGIT GROWTH‍​.Q2 INCOME FROM OPERATIONS EUR 120.6‍​ MILLION VERSUS EUR 127.9 MILLION YEAR AGO.  Full Article

Bic announces signing contract for 80 million dollars
Wednesday, 7 Jun 2017 04:30am EDT 

June 7 (Reuters) - BIC ::ANNOUNCES SIGNING CONTRACT FOR SALE OF ASSETS, NORTH AMERICAN OPERATIONS AND SOURCING IN ASIA BIC GRAPHIC TO H.I.G CAPITAL FOR USD 80 MILLION.AMOUNT INCLUDES USD 70 MILLION IN CASH AND USD 10 MILLION THROUGH A 6 YEAR SUBORDINATED DEBT WITH CAPITALIZED INTEREST OF 7% PER YEAR.DIVESTITURE SHOULD BE COMPLETED BY JUNE 30, 2017.  Full Article

BIC to sell its BIC Graphic North America and Asian Sourcing Operations
Tuesday, 6 Jun 2017 12:01pm EDT 

June 6 (Reuters) - BIC ::SIGNED AN ASSET AND SHARE PURCHASE AGREEMENT TO SELL ITS BIC GRAPHIC NORTH AMERICA AND ASIAN SOURCING OPERATIONS TO H.I.G. CAPITAL, A GLOBAL U.S. PRIVATE EQUITY FIRM, FOR 80 MILLION USD.THIS INCLUDES 70 MILLION USD IN CASH AND 10 MILLION USD THROUGH A SIX-YEAR SUBORDINATED NOTE BEARING A 7% PER ANNUM CAPITALIZED INTEREST..CLOSING IS EXPECTED BY 30-JUNE-2017..THIS COMPLETES STRATEGIC ALTERNATIVES REVIEW, INITIATED IN FEBRUARY 2016, FOR BIC GRAPHIC, BIC'S ADVERTISING AND PROMOTIONAL PRODUCTS ACTIVITY..  Full Article