Bic: UBS expects higher margin in Q4
'Bic will announce its results on February 18. We see potential for higher Q4 operating margin given the benefits of cost savings' says UBS.
The Bic group had indicated that it now expected higher profitability in 2024, with an adjusted operating margin approaching 15.5%, compared with a slight improvement on 2023.
The manufacturer of disposable pens, razors and lighters expects 'low single-digit' annual sales growth at constant exchange rates, and estimated that its free cash flow generation should exceed 220 million euros in 2024.
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