Edition:
United States

Societe BIC SA (BICP.PA)

BICP.PA on Paris Stock Exchange

90.70EUR
5:46am EST
Change (% chg)

€1.55 (+1.74%)
Prev Close
€89.15
Open
€89.00
Day's High
€90.70
Day's Low
€88.95
Volume
12,648
Avg. Vol
118,904
52-wk High
€99.05
52-wk Low
€71.80

Latest Key Developments (Source: Significant Developments)

Societe BIC Announces Organizational Review
Wednesday, 12 Dec 2018 11:58am EST 

Dec 12 (Reuters) - SOCIETE BIC SA ::REG-BIC ANNOUNCES ORGANIZATIONAL REVIEW TO INCREASE OPERATIONAL EFFECTIVENESS AND SUPPORT LONG-TERM PROFITABLE GROWTH.WE WILL SHARE OUTCOMES OF THIS REVIEW DURING Q1 OF 2019..  Full Article

BIC Receives Offer For Acquisition Of BIC Sport
Tuesday, 20 Nov 2018 05:45am EST 

Nov 20 (Reuters) - SOCIETE BIC SA ::REG-BIC : BIC RECEIVES AN OFFER FOR THE ACQUISITION OF BIC SPORT.RECEIVED AN OFFER FROM TAHE OUTDOORS TO ACQUIRE BIC SPORT FOR A TOTAL ENTERPRISE VALUE BETWEEN 6 AND 9 MILLION EUROS.THIS TRANSACTION, EXPECTED TO CLOSE BY 31-DECEMBER-2018, IS CONSISTENT WITH BIC'S STRATEGY TO FOCUS ON ITS THREE CATEGORIES (STATIONERY, LIGHTERS, AND SHAVERS) IN ORDER TO REINFORCE ITS LEADERSHIP POSITION IN ITS CATEGORIES AROUND WORLD.  Full Article

BIC 9-mth Net Sales Up 0.3% On Comparative Basis
Wednesday, 24 Oct 2018 01:15am EDT 

Oct 24 (Reuters) - SOCIETE BIC SA ::REG-BIC : THIRD QUARTER AND NINE MONTHS 2018 RESULTS.* 9M NET SALES UP 0.3% ON A COMPARATIVE BASIS.  Full Article

BIC 9-mth Net Income Group Share Down 31.5 Pct At EUR 127.6 Mln
Wednesday, 24 Oct 2018 01:15am EDT 

Oct 24 (Reuters) - SOCIETE BIC SA ::REMAIN COMMITTED TO OUR OUTLOOK FOR FULL YEAR.9M NORMALIZED INCOME FROM OPERATION MARGIN AT 18.4%, DOWN 1.1 POINTS.9M 2018 NET INCOME GROUP SHARE WAS 127.6 MILLION EUROS, A 31.5% DROP AS REPORTED.Q3 NET SALES EUR 477.5 MILLION.9M EPS GROUP SHARE WAS 2.79 EUROS, COMPARED TO 3.99 EUROS IN 9M 2017.Q3 NORMALIZED INCOME FROM OPERATION MARGIN AT 16.1%, DOWN 1.5 POINTS..WE EXPECT 2018 GROUP NET SALES TO INCREASE BETWEEN +1 AND +3% ON A COMPARATIVE BASIS.2018 NORMALIZED INCOME FROM OPERATIONS WILL ALSO BE IMPACTED BY SALES PERFORMANCE..END Q3 CASH POSITION WAS EUR 144.8 MILLION.BASED ON THESE FACTORS WE EXPECT NORMALIZED INCOME FROM OPERATIONS MARGIN TO BE BETWEEN 17% AND 18%..2018 GROSS PROFIT WILL BE IMPACTED BY AN INCREASE IN RAW MATERIAL COSTS, HIGHER DEPRECIATION.MAJOR FACTORS AFFECTING 2018 SALES PERFORMANCE: COMPETITIVE PRESSURES IN SHAVER, FURTHER INVENTORY REDUCTIONS FROM RETAILERS, CONTINUED SOFTNESS IN BRAZILIAN ECONOMY..WE REMAIN COMMITTED TO OUR OUTLOOK FOR FULL YEAR.  Full Article

Bic H1 Net Sales Down At 959.3 Million Euros
Wednesday, 1 Aug 2018 01:30am EDT 

Aug 1 (Reuters) - Societe BIC SA ::H1 NET SALES: 959.3 MILLION EUROS, DOWN 1.9% ON A COMPARATIVE BASIS.SAYS H1 NET SALES: 959.3 MILLION EUROS, DOWN 1.9% ON A COMPARATIVE BASIS.CONTINUED SOLID PERFORMANCE IN EASTERN EUROPE.SOFT Q2 PERFORMANCE IN U.S. LIGHTERS, AS EXPECTED.SAYS H1 NORMALIZED INCOME FROM OPERATION MARGIN: 19.6%, DOWN 70 BASIS POINTS.WE EXPECT NET SALES GROWTH ACROSS ALL CATEGORIES.OUR OUTLOOK FOR FULL YEAR IS UNCHANGED.Q2 NET INCOME RGOUP SHARE EXCLUD. CELLO GOOWILL IMPAIRMENT EUR 90.9 MILLION VERSUS EUR 79.2 MILLION YEAR AGO.Q2 INCOME FROM OPERATIONS EUR 50.0 MILLION VERSUS EUR 119.6 MILLION YEAR AGO.  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 FY net income group share falls to 249.7 million euros
Monday, 13 Feb 2017 01:15am EST 

Societe BIC SA : FY net sales (as published) 1.99 billion euros ($2.11 billion) versus 2.03 billion euros year ago . FY income from operations 403.4 million euros versus 424.4 million euros year ago . FY net income group share 249.7 million euros versus 325.1 million euros year ago . Proposed ordinary dividend for 2016 of 3.45 euros per share (up by 1.5 percent) .Plans to deliver mid-single digit organic growth in net sales in 2017.  Full Article

Photo

Pen maker BIC's shares surge on third-quarter rebound

Shares in BIC surged more than 10 percent on Wednesday after the maker of ballpoint pens, razors and lighters reported a stronger-than-expected rebound in third quarter sales.