Bic: targets 4% to 6% sales growth
(CercleFinance.com) - Bic has recorded a 4.
4% increase in Q4 sales. FY sales rose by 0.8% to E2,197m, with good performances in Europe, Latin America, the Middle East and Africa.
Adjusted operating profit was E343m, up 3% for the year, while its adjusted operating margin was 15.6%, up 90 bp.
Adjusted EPS should rise in 2024, for the 5th year running, to E6.15 (up 8% over the year).
For 2025, Bic forecasts sales growth of between +4% and +6% at constant exchange rates, an adjusted operating margin at the same level as in 2024 at 15.6%, above the Horizon plan target, with free cash flow exceeding E240m.
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