Market Closed -
Euronext Paris
11:35:24 2024-04-25 am EDT
5-day change
1st Jan Change
64.9
EUR
-1.37%
+0.15%
+3.26%
Bic : Q3 AND 9M RESULTS 2020 PRESENTATION
October 28, 2020 at 03:50 am EDT
M ONTHS 2020 R ESULTS
October 28, 2020
Q3 and 9M 2020 Key Messages
Improved performance in the Third Quarter, fueled by Europe and North America with robust mid-single-digit Net Sales growth
Strong growth in U.S. Lighters driven by replenishments orders
Continued resilience in Shavers with market share gains in key markets such as U.S. and Brazil
Soft Back-to-School season affecting our Stationery business
Latin America, Middle East and Africa and India heavily impacted by mobility restrictions and lower consumer spending
E-Commerce Net Sales up 15%, boosted by Pure Players, Market Places and Direct-to-Consumer
Rigorous control of Operating Expenses
On track to achieve the actions announced in May
Strong Operating Cash Flow Generation
Improved Working Capital
Reduced CAPEX
Continued progress in the implementation of our Operating Model
Move towards an indirect model in five Latin American countries to gain efficien cy
Djeep integration process on track to deliver the expected synergies
NET SALES
NORMALIZED IFO
Change on a
NIFO Margin %
comparative basis %
Q3 2020
Q3 2020
441.9M€
83.3 M€
-3.5%
18.9%
9M 2020
9M 2020
1,217.8 M€
176.2 M€
-13.2%
14.5%
NORMALIZED EPS
NET CASH FROM
NET CASH
OPERATING
ACTIVITES
POSITION
Q3 2020
1.05€ (-29.1%)
9M 2020
9M 2020
231.3M€
128.1M€
9M 2020
(+0.7% year-on-year)
2.92€ (-25.7%)
Market Share Gains
Market Share increased or maintained year on year in 8/10 of our Business
Stationery in France
Market % in Value
BIC % sell-out in Value
BIC market share change YTD
August
+ 0.7 pts
Utility Lighters in the U.S.
U.S. Market in Value
BIC sell-out in value
37.1%
31.1%
35.9%
27.4%
YTD September
13 last weeks
BIC market share change YTD
September
+ 3.8 pts
Shavers Market Share in Brazil
YTD August 2019
YTD August 2020
BIC market share change YTD
August
+ 0.7 pts
Sources: GFK YTD AUG 2020- in value, IRI YTD 27SEP2020 - in value, Nielsen YTD AUG 2020 -in value
*Year-on-Year in our main countries
4
* Flags above categories represent the countries we have increased or maintained share in
This is an excerpt of the original content. To continue reading it, access the original document here .
Disclaimer
BIC SA published this content on 28 October 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 October 2020 07:49:01 UTC
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Duration Auto. 2 months 3 months 6 months 9 months 1 year 2 years 5 years 10 years Max.
Period Day Week
More charts
Bic is one the world leading manufacturers of stationery, lighters and razors. Net sales break down by family of products as follows:
- lighters (38%);
- stationery (37%): ballpoint pens, pencils, mechanical pencils, felt-tip pens, correction pens, erasers, permanent markers, glues, adhesive notepads, etc.;
- razors (24%);
- other (1%).
Net sales are distributed geographically as follows: Europe (30%), North America (39%), Latin America (20%), Middle East and Africa (7%), Oceania and Asia (4%).
More about the company
Last Close Price
64.9
EUR
Average target price
78.14
EUR
Spread / Average Target
+20.41%
Consensus
1st Jan change
Capi.
+3.26% 2.94B +11.78% 7.5B +2.23% 2.88B +1.00% 2.02B +5.64% 1.43B -11.83% 1.39B -20.23% 470M -0.29% 437M -12.08% 380M -3.79% 166M
Other Business Support Supplies
+951% of historical performance
More than 20 years at your side
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