Bic: UBS expects higher margin in Q4

(CercleFinance.com) - UBS expects an above-consensus margin in Q4 2024.
Even so, the analyst is still Neutral on the stock, maintaining a TP of E67.

Bic will announce its results on 18 February. UBS says it sees potential for a higher Q4 operating margin given the benefits of cost savings.

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 E220m in 2024.


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