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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Societe BIC SA | EU:BB | Euronext | Ordinary Share |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-0.60 | -1.06% | 56.00 | 56.00 | 56.10 | 56.30 | 55.70 | 56.30 | 5,299 | 08:31:25 |
Clichy, France – June 19th, 2024
UPDATE ON FULL YEAR 2024 NET SALES OUTLOOK
The challenging trading environment leads the Group to update its net sales growth outlook for Full Year 2024.
At the beginning of 2024, BIC anticipated a low to mid-single digit decline in value for the Lighter market in the US. However, at the end of May, deteriorating consumption trends resulted in a stronger than expected market decline year-to-date1. BIC now forecasts the US Lighter market to decrease mid to high-single digit in value in 2024. In this volatile environment, BIC was able to gain market share both in volume and value, and still sees gradual improvement from Q2.
For the Full Year 2024, Group net sales are now expected to grow low-single digit at constant currency excluding Argentina (versus initially between +5% and +7%). The outlook on margin and Free Cash Flow remains unchanged: we still expect to see a slight improvement in adjusted EBIT margin and Free Cash Flow above €220 million in 2024.
Glossary
About BIC
A world leader in stationery, lighters and shavers, BIC brings simplicity and joy to everyday Life. For more than 75 years, the Company has honored the tradition of providing high-quality, affordable, essential products to consumers everywhere. Through this unwavering dedication, BIC has become one of the most recognized brands and is a trademark registered worldwide. Today, BIC products are sold in more than 160 countries around the world and feature iconic brands such as BIC Kids™, BIC FlexTM, BodyMark by BICTM, Cello®, Djeep, Lucky Stationary, Rocketbook, Soleil®, Tipp-Ex®, Us. TM, Wite-Out®, Inkbox, and more. In 2023, BIC Net Sales were €2,263 million. The Company is listed on Euronext Paris, is part of the SBF120 and CAC Mid 60 indexes and is recognized for its commitment to sustainable development and education. It has received an A- Leadership score from CDP. For more, visit www.bic.com or follow us on LinkedIn, Instagram, Twitter, or YouTube.
Contacts
Investor Relations teaminvestors.info@bicworld.com Brice ParisVP Investor Relations +33 1 45 19 55 28brice.paris@bicworld.com | Isabelle de Segonzac Image 7, Press Relations contact+33 6 89 87 61 39isegonzac@image7.fr |
2024 Agenda
All dates to be confirmed
2nd Quarter and First Half 2024 Results | July 31, 2024 (post market close) |
3rd Quarter and 9 Months 2024 Results | October 23, 2024 (post market close) |
1 IRI data year-to-date May 2024, estimated total US lighter measured market (c.70% total market coverage)
Attachment
1 Year Societe BIC Chart |
1 Month Societe BIC Chart |
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