Bic: Q1 earnings down 1.9%

(CercleFinance.com) - Bic has published Q1 2018 net income, group share that is down 1.
9% at 48.6 million euros, with standardised operating profit of 69.6 million euros - meaning a one point improvement in its operating margin to 16.7%.

Sales of the disposable product specialist came in at 415.4 million euros, down 12.2%, under the weight of FX factors (-9.2%). On a comparable basis, sales declined by 1.5%, with a 0.4% decline in Europe.

For FY 2018, Bic expects sales growth of between 1% and 3% on a comparable basis, with its three product categories contributing to this growth, as well as a standard operating margin of between 17% and 18%.


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