Choose turbo calls Bic, which has raised its growth targets

This Wednesday, as part of our section dedicated to derivatives, we are selecting turbo calls without code expiry 9VVGBbacked by the Bic title.

This morning, the action climbed 6% on the Paris Stock Exchange, after the publication of the half-year results. The manufacturer of pens, lighters and razors recorded a turnover increase of 15.5% (at constant exchange rates) over one year, to 1.13 billion euros, and raised its growth forecast for 2022. It is now targeting an increase in billings of between 10% and 12%, against 7% to 9% previously. Something to reassure investors, as the group intends to take advantage of volume growth and a favorable price effect to support its sales.

With a gain of around 24% since the start of the year, Bic has widened a nice gap with the market – the Cac 40 index has lost 10% over the same period. In the first quarter, the company had already unveiled results that exceeded expectations and intends to continue its momentum. Bic thus forecasts an increase in its annual adjusted operating income, ” despite headwinds from inflation and rising brand support investments “. This semester, adjusted operating income has already risen by 22.2%, to 202.9 million euros, showing a stable margin of 18%.

Convinced that the stock can still rise by at least 15% over a twelve-month horizon, we recommend these turbo calls, which have a leverage effect of 3.9 times. The knock-out barrier of 46.46 euros is about 21% away from the current level of the action.

Quotation range: 1.55 – 1.56 euros.