After adjusting its 2019 outlook on October 11, the Bic Group released its results for the first nine months of the year. The writing specialist's turnover amounted to 1.45 billion euros between January and September 2019, up 0.7%, or 488 million euros earned in the third quarter, +1, 8%. The group forecasts an evolution between 0 and -2% over the year with an operating margin between 16.5 and 18%.
In the stationery sector, sales for the third quarter amounted to 204.3 million euros, up 2%. From January to September, Bic's revenues amounted to 605.1 million euros, ie + 0.6%. " While the markets remained difficult and competitive, Bic continued to grow in online commerce and invested in innovative products such as the BodyMark ephemeral tattoo felt and the Gelocity range ," the statement said. The manufacturer claims to be number 1 worldwide with 9% market share in value " thanks to its historic leadership positions in ballpoint pens, mechanical pencils and correction products ". The group explains the decline in the standardized operating margin of the paper mill by higher raw material costs as well as unfavorable exchange rate trends. While North America is growing slightly, Latin America is declining. As for Europe, it is stable with +1.4 point on the back to school in France.

来源:网络