Societe BIC SA Unsponsored ADR ( (BICEY) ) has released its Q2 earnings. Here is a breakdown of the information Societe BIC SA Unsponsored ADR presented to its investors.
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Societe BIC SA is a global leader in the production of stationery, lighters, and shavers, known for its high-quality and affordable products, with a presence in over 160 countries.
In the first half of 2025, Societe BIC SA faced a challenging trading environment but managed to return to growth in the second quarter, achieving net sales of €598 million, a 1.4% increase at constant currencies. Despite a decline in net sales by 2.4% at constant currencies for the first half, the company maintained a resilient adjusted EBIT margin of 13.7%.
The company’s divisions showed varied performance, with Blade Excellence leading the growth with a 19.9% increase in Q2 net sales at constant currencies, driven by Tangle Teezer and strong performance in Latin America. Flame for Life showed improvement with a 15-point increase from Q1, although it faced challenges in the US and Brazil. Human Expression struggled with a 6.1% decline in Q2 net sales at constant currencies due to market trends in North America and Latin America.
Despite the challenges, BIC’s management remains optimistic about achieving its 2025 outlook, expecting net sales growth between 0% and 3% at constant currency and an adjusted EBIT margin around 15.0%. The company also anticipates a free cash flow above €240 million, excluding potential impacts from the volatile trading environment.