Edition:
India

Bic FY Net Sales Up At EUR 1.95 Billion


Wednesday, 13 Feb 2019 

Feb 13 (Reuters) - SOCIETE BIC SA ::REG-BIC : Q4 AND FULL YEAR 2018 RESULTS.FY18 NET SALES AT 1,949.8 MILLION EUROS, UP 1.5% ON A COMPARATIVE BASIS.WE EXPECT 2019 GROUP NET SALES TO GROW SLIGHTLY ON A COMPARATIVE BASIS AND NORMALIZED INCOME FROM OPERATIONS MARGIN TO BE BETWEEN 16.5% AND 18%..FY18 NORMALIZED INCOME FROM OPERATION MARGIN AT 18.1%.PROPOSED DIVIDEND FOR 2018 OF 3.45 EUROS.FY 2018 GROSS PROFIT MARGIN CAME IN AT 52.0%, COMPARED TO 52.4% FOR 2017.IN 2019, IN CONTINUED CHALLENGING TRADING ENVIRONMENT, OVERALL SALES PERFORMANCE MAY BE SUBJECT TO MACRO-ECONOMIC UNCERTAINTIES AND CONTINUED COMPETITIVE PRESSURE IN SHAVERS IN THE U.S..FY 2018 EPS GROUP SHARE WAS 3.80 EUROS.AT END OF DECEMBER 2018, GROUP'S NET CASH POSITION STOOD AT 161.5 MILLION EUROS..IN 2019, GROSS PROFIT WILL BE IMPACTED BY INCREASING RAW MATERIAL COSTS, THE IMPACT OF UNFAVORABLE FOREIGN EXCHANGE TRENDS AND THE POTENTIAL IMPACT OF SALES VOLUMES ON COST OF PRODUCTION.IN 2019, NORMALIZED INCOME FROM OPERATIONS WILL ALSO BE AFFECTED BY ADDITIONAL BRAND SUPPORT INVESTMENTS.Q4 NET SALES EUR 511.0 MILLION VERSUS EUR 497.4 MILLION YEAR AGO. 

Company Quote

67.5
-0.7 -1.03%
19 Jul 2019