(Reuters) – BIC on Tuesday adjusted its 2025 outlook for revenue growth, operating margin and cash flow, citing weak performance in the third quarter, which is expected to continue into the fourth quarter, and after a thorough assessment of the U.S. pricing environment.
The group now expects revenue growth of between -1% and -1.5% at constant exchange rates, an adjusted operating margin of around 13.7% and net free cash flow generation of around €210 million.
These prospects for 2025 “now include the full impact of customs duties”, according to a press release from the group.
BIC previously expected an increase in its turnover of between 0% and 3%, an adjusted operating margin of around 15.0% and a generation of net free cash flow in excess of 240 million euros.
The stationery maker reported third-quarter revenue of €519 million, up 0.3% at constant exchange rates, but down 3.3% excluding Tangle Teezer.
The group also announced the sale of its Cello business in India to a consortium of investors led by Authum Investment & Infrastructure Limited.
“Completion of this transaction is expected by the end of the year,” according to the company’s press release.
(Written by Mara Vîlcu and Coralie Lamarque, edited by Augustin Turpin)
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