Bic: net income, group share edges up 1.6%
(CercleFinance.com) - Disposable consumer product maker Bic has announced 2019 revenue of 1,949.
4 million euros, down 1.9% on a comparable basis.
Meanwhile, normalised operating income came in at 331.8 million euros, with its normalised operating margin reaching 17.0%.
Bic reported 2019 net income, group share of 176.1 million euros compared to 173.4 million euros in 2018. Per share, this works out at 3.91 euros, while normalised net income, group share is 5.47 euros.
The group said, "We expect FY 2020 Organic Net Sales growth to be between -1.0% to +1.0% compared to FY 2019, with a year-on-year growth being weighted towards the second half. Full Year 2020 Normalised Income from Operations margin is expected to be between 16.0% and 17.0% of Net Sales, with a continued focus on cash generation."
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