BRIEF-BIC Sees H2 Margins Lower Than In H1 -Conf Call

  • Reuters
  • Stock Market News
BRIEF-BIC Sees H2 Margins Lower Than In H1 -Conf Call
Credit: © Reuters.

Aug 1 (Reuters) - SOCIETE BIC SA BICP.PA :

* ON CELLO: REMAINS FULLY CONFIDENT IN SALES GROWTH IN INDIA -CONF CALL

* EXPECTS TO PARTIALLY RECOVER LOSSES FROM STRIKES IN BRAZIL SUBJECT TO MARKET UNCERTAINTIES -CONF CALL

* H2 COST OF PRODUCTION WILL BE UNFAVORABLE COMPARED TO H1-CONF CALL

* OPEX AND BRAND SUPPORT TRENDS TO CONTINUE IN H2 AS OBSERVED IN H1-CONF CALL

* H2 MARGIN WILL BE LOWER THAN H1-CONF CALL

* ON H2: EXPECTS HIGHER MATERIAL AND DEPRECIATION COSTS VERSUS H1 -CONF CALL

* ON BRAZIL: SAW NEGATIVE STRIKE IMPACT OF BETWEEN 6 AND 7 MILLION EUROS -CONF CALL

* ON BRAZIL: SITUATION REMAINS CHALLENGING IN MICRO AND MACRO PERSPECTIVE -CONF CALL

* FY TAX RATE GUIDANCE SEEN CLOSE TO 35%; EXCLUDING. CELLO IMPAIRMENT AT 28% -CONF CALL Further company coverage: BICP.PA

(Gdynia Newsroom)

Drop an image here or Supported formats: *.jpg, *.png, *.gif up to 5mb

Error: File type not supported

Drop an image here or

100

Related Articles