(News Bulletin 247) – Bic publishes a turnover of 2234 ME for the 2022 financial year, up 13.8% at constant exchange rates compared to the previous financial year.
Adjusted operating income was up by 11.4%, at €311 million, proof of the Group’s resilience in the face of headwinds. Thus, ‘the impact of cost inflation was more than offset by volume increases, price adjustments and cost savings’, reports Bic.
Net income for 2022 stands at 209 ME, for adjusted net income group share per share of 5.12 euros, compared to 4.29 euros a year earlier, an increase of 19.3%.
‘Driven by our Horizon strategic plan and the strong growth in turnover in all divisions, we achieved another year of exceptional growth and achieved our free cash flow target (203.7 ME)’, reports Gonzalve Bich, CEO of BIC.
For 2023, full year 2023 revenue growth is expected between +5% and +7% at constant exchange rates, thanks to the combined effect of price, mix and volume increases. “We expect to improve adjusted operating income and adjusted operating margin in fiscal year 2023,” the group adds.
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