(News Bulletin 247) – Bic publishes a turnover of 538.7 ME for the 1st quarter, up 4.3% at constant exchange rates compared to the same period a year earlier.
At the same time, operating profit (EBIT) fell by 26%, from 97.9 to 71.9 ME, and adjusted EBIT came out at 70 ME (-31%).
Net earnings per share thus fell by more than 26%, to stand at 1.17 euros (compared to 1.6 euros in the 1st quarter of 2022).
‘In a context of macroeconomic uncertainty, our offer of high quality products at the right price and in which consumers have confidence, has ensured the growth of turnover, despite an exceptionally high comparison base compared to last year’ underlines Gonzalve Bich, the general manager.
“For the rest of the year, we will continue to focus on delivering excellence in our omnichannel execution while delivering new consumer innovations in both traditional and value-added products,” he adds.
In this context, Bic anticipates revenue growth for fiscal year 2023 of between +5% and +7% at constant exchange rates and expects to improve the adjusted operating income and adjusted operating margin of the ‘financial year 2023’.
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