Societe BIC SA Unsponsored ADR ( (BICEY) ) has released its Q4 earnings. Here is a breakdown of the information Societe BIC SA Unsponsored ADR presented to its investors.
Société BIC S.A., a renowned global provider of stationery, lighters, and shavers, is recognized for its high-quality, affordable products and commitment to sustainability and education, with operations spanning over 160 countries.
In its latest earnings report, BIC announced a solid performance in the fourth quarter of 2024, highlighted by a 4.4% increase in net sales at constant currency, culminating in a full-year growth of 0.8%. The company maintained a robust adjusted EBIT margin of 15.6% and generated €271 million in free cash flow.
Key financial highlights for BIC in 2024 include net sales of €2,197 million, with notable growth in the Blade Excellence division, which saw a 5.0% increase in sales. The company also maintained a strong adjusted EBIT of €343 million, up 3% year-on-year. Additionally, BIC completed the acquisition of Tangle Teezer, enhancing its product portfolio in the fast-growing haircare segment.
Looking ahead to 2025, BIC projects net sales growth between 4% and 6% at constant currency, with an adjusted EBIT margin expected to remain at 15.6%. The company also anticipates free cash flow exceeding €240 million, aligning with its strategic goals under the Horizon Plan.
BIC’s management remains optimistic about future growth prospects, driven by strategic acquisitions and a continued focus on operational excellence and innovative product offerings.