Analyse Société BIC SA

2018

Commenting on the Q1 2018 results, Bruno Bich, Chairman, and Chief Executive Officer said:

 

“Stationery Q1 2018 Net Sales are encouraging. In Lighters, we benefited from distribution gains in Traditional Channels and increased in‐ store visibility. In Shavers, Net Sales continued to be impacted by category disruption. Yet, our new product launches have been well received by consumers. As anticipated, Brazil performance remains weak, as a result of challenging market conditions and retailers’ inventory adjustments. In this volatile environment, we continued to invest in Human Resources and Brand Support to sustain our long‐term goals. We remain committed to achieving our Full Year 2018 objectives.”

 

2018 Outlook

We expect 2018 Group Net Sales to increase between +1 and +3% on a comparative basis, with all categories contributing to the growth. Major factors affecting sales performance could include continued competitive pressures in Shaver, further inventory reductions from retailers, and continued softness in the Brazilian economy.

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 Expenses.

2018 Normalized Income from Operations will also be impacted by sales performance. Based on these factors we expect Normalized Income from Operations margin to be between 17% and 18%.

 

Source : Press Release BIC Group, Clichy, April 25, 2018

 


2017

Fundamentele Analyse : FY 2017

Technische Analyse

21-2 Begin februari in aanloop tot de jaarcijfers valt de koers terug tot het laagste niveau van 2017 en vindt steun op 83.61 EUR. Na een licht herstel zakt de koers deze week tot onder de steun. Vandaag eindigt de dag met een verlies van ruim 1 procent op 82.95 EUR. 

 

 

Bruno Bich, Chairman and Chief Executive Officer, said:

 

“Our vision is to offer high‐quality products, at the right price, for everyone, everywhere. We have strong values, and our people are the cornerstone of our philosophy “Honor the Past, Invent the Future.” We have built a unique company, and I am confident that Gonzalve and his teams will invent the BIC of the future.

 

We expect 2018 Group Net Sales to increase between +1 and +3% on a comparative basis, with all categories contributing to the growth. Major factors affecting sales performance could include continued competitive pressures in Shaver, further inventory reductions from retailers, and continued softness in the Brazilian economy.

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 Expenses.

2018 Normalized Income from Operations will also be impacted by sales performance. Based on these factors we expect Normalized Income from Operations margin to be between 17% and 18%.

 

Source : Press Release BIC Group, Clichy, February 14, 2018

 


Fundamentele Analyse Q1 2017

Technische Analyse 27-4

27-4 Er is een flinterdunne steunlijn getekend op 106 EUR. Of dit ook daadwerkelijk een steun van betekenis gaat zijn, zal de komende handelsdagen moeten uitwijzen. 

3-5 Gisteren bereikte de koers een laagste koers van 102.15 EUR waarna het herstel zich inzette. Met een forse groene sluit de koers precies op de steunlijn van 106 EUR. 

 


Analyse Société BIC SA

Fundamentele Analyse : FY 2016

Bruno Bich, Chairman and Chief Executive Officer, said: “Our solid 2016 results are further testimony to the quality and strength of our business model. In a fast-moving and challenging market environment, such as in Shavers in the U.S., Net Sales growth was robust and consistent across all consumer categories. Despite the planned increase in operational investment, Normalized Income from Operations remained healthy.

In 2017, the volatility of currencies and the unpredictable global environment will require increased levels of agility from our teams to ensure continued success. We plan to deliver mid-single digit organic growth in Net Sales. We will continue to launch new products and strengthen our distribution, with a focus on e-commerce in developed markets.

To enhance long-term growth, we plan another year of selected investments in R&D, CAPEX and Brand Support. The total impact of these investments on Normalized Income From Operations margin will be approximately -100 basis points compared to 2016, excluding major currency fluctuations.”

Source : Press Release BIC Group, Clichy, February 13, 2017


Technische Analyse

8 - 6 Verkoop @ 119 EUR

 

Een koersherstel blijft achterwege. Risico's voor een verdere daling zijn aanwezig. Om die rede wordt geadviseerd de positie te sluiten. Op 30 mei is een super dividend uitgekeerd van 5.90 EUR.

 

17 - 6 De koers beweegt zich in een dalende trend. De scherpe correctie na de presentatie van de jaarcijfers over 2015 is aanvankelijk meer dan goed gemaakt. Echter, na de Q1 2016 kwartaalcijfers blijft een herstel achterwege mede door het inzakkende markt sentiment.   

 

De candles zijn aangepast aan de uitkering van het super dividend.

 

 

 


9 - 11 De koers van BIC zet een lagere top neer op 4 augustus van 141,70 EUR en lagere bodem op 14 juni van 114,40 EUR. Een eventuele volgende spike omlaag tot onder het laagste niveau maakt het technische plaatje compleet van achtereenvolgende dalende toppen en bodems.