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Bic: 9m earnings down 12.3%.

(CercleFinance.com) - Bic, the supplier of stationery, lighters and razors, has published 9m 2017 net attributable profit of 187.
3 million euros, which is down 12.3%, with corresponding normalised EPS of 4.47 euros, down 3.5%.

Normalised operating income came in at 302.9 million euros, meaning a 0.6% fall in its operating margin to 19.8%, on sales of 1,528.7 million euros, up 0.4% as reported and down 0.1% like-for-like.

Bic has confirmed that its organic sales growth is expected to be slightly under 2%, and at this level, it expects a decline in its 2017 normalised operating margin of under 100 basis points.

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