Edition:
India

BIC 9-mth Net Income Group Share Down 31.5 Pct At EUR 127.6 Mln


Wednesday, 24 Oct 2018 

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. 

Company Quote

68.2
-1.3 -1.87%
9:05pm IST