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Bic: FY earnings down 40%

( - Bic has unveiled FY 2018 net income, group share that is down 39.
7% at 173.4 million euros, i.e. 3.80 euros per share, with a normalised operating margin of 18.1%, compared to 19.6% in the previous year.

The manufacturer of disposable razors, pens and lighters reported annual revenues that are down 4.5% at 1,949.800 million euros, although which are up 0.9% at constant exchange rates and up 1.5% on a comparable basis.

An ordinary dividend of 3.45 euros per share will be proposed for the past financial year. In 2019, Bic forecasts slight growth in sales on a comparable basis and a normalised operating margin of between 16.5% and 18%.

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