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Societe BIC SA (BICP.PA)

BICP.PA on Paris Stock Exchange

74.35EUR
24 May 2019
Change (% chg)

€0.15 (+0.20%)
Prev Close
€74.20
Open
€74.50
Day's High
€75.20
Day's Low
€74.35
Volume
89,242
Avg. Vol
118,593
52-wk High
€97.75
52-wk Low
€71.80

Latest Key Developments (Source: Significant Developments)

Societe BIC Normalized Income from Operations Shrinks to 54.6 Million Euros
Thursday, 25 Apr 2019 

April 25 (Reuters) - SOCIETE BIC SA ::REG-BIC: FIRST QUARTER 2019 RESULTS.IN 2019, WE EXPECT SLIGHT GROWTH IN LIKE-FOR-LIKE REVENUE.IN 2019, WE EXPECT NORMALIZED OPERATING MARGIN OF BETWEEN 16.5% AND 18%..Q1 NET SALES EUR 415.4 MILLION VERSUS EUR 415.4 MILLION YEAR AGO.Q1 NORMALIZED INCOME FROM OPERATIONS EUR 54.6 MILLION.Q1 NET INCOME GROUP SHARE EUR 39.3 MILLION.WE EXPECT 2019 GROUP NET SALES TO GROW SLIGHTLY ON A COMPARATIVE BASIS FOR 2019.AT THE END OF MARCH 2019, THE GROUP'S NET CASH POSITION AMOUNTED TO 135.0 MILLION EUROS..  Full Article

Societe BIC Aims To Achieve At Least 20 Million Euros Original Annualized Savings By 2022
Wednesday, 13 Feb 2019 

Feb 13 (Reuters) - SOCIETE BIC SA ::ANNOUNCES 2022 TRANSFORMATION PLAN.PLAN WITH FOUR STRATEGIC PILLARS TO DRIVE LONG-TERM PROFITABLE SALES GROWTH.BY 2022, AIMS TO ACHIEVE AT LEAST 20 MILLION EUROS ORIGINAL ANNUALIZED SAVINGS REINVESTED TO DRIVE GROWTH.BY 2022 AIMS TO INCREASE NUMBER OF NEW PATENT SUBMISSIONS BY 20% PER YEAR.TARGETS FOR 2022 TO REACH 10% OF NET SALES IN E‐COMMERCE.IN 2020 AND 2021, WILL EXTEND MARKET POSITIONS, EXPAND E-COMMERCE AND SPEED-UP INNOVATION AND NEW PRODUCT LAUNCHES.DURING TRANSFORMATION PLAN, WILL MAINTAIN A SOLID CASH GENERATION, A STRONG BALANCE SHEET, AND AN UNCHANGED CAPITAL ALLOCATION STRATEGY.FULL IMPACT OF PLAN IS EXPECTED BY 2022, WITH STRENGTHENED OPERATIONAL EFFECTIVENESS AND ACCELERATED LONG-TERM GROWTH.  Full Article

BIC Corp Files Lawsuit To Stop Importation, Sale Of Imitation Pocket Lighters
Thursday, 6 Dec 2018 

Dec 6 (Reuters) - Societe BIC SA ::BIC CORP SAYS FILES LAWSUIT TO STOP IMPORTATION AND SALE OF IMITATION POCKET LIGHTERS.BIC SAYS FILED LAWSUITS BEFORE ITC & U.S. COURT TO STOP IMPORTATION AND/OR SALE IN U.S. OF CHINESE-MADE KNOCK-OFF POCKET LIGHTERS IMITATING BIC'S DESIGN.  Full Article

Societe BIC Announces Change In Capital
Wednesday, 5 Dec 2018 

Dec 5 (Reuters) - SOCIETE BIC SA ::A CAPITAL INCREASE THROUGH ISSUANCE OF 59,921 NEW SHARES FOLLOWING EXERCISE OF SHARE SUBSCRIPTION OPTIONS.UPON COMPLETION OF TRANSACTIONS, SHARE CAPITAL OF SOCIETE BIC AMOUNTS TO 175,675,638.34 EUROS DIVIDED INTO 45,988,387 SHARES OF 3.82 EUROS EACH, FULLY PAID-UP.A CAPITAL DECREASE THROUGH CANCELLATION OF 687,396 SHARES..  Full Article

Bic Agrees With Haco Industries On Transfer Of Manufacturing and Distribution
Friday, 31 Aug 2018 

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 

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 

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 

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 

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 

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