(AOF) – Bic published its 9-month turnover, at 1.7 billion euros, up 7.1% at constant exchange rates. Growth was driven by sales in Europe, the Middle East, Africa and Latin America. Over this same period, the gross margin stood at 50.4%, an increase of 1.5 points. Ebitda stands at 320.5 million euros compared to 332.1 million euros a year earlier in the same period. The group’s share of net income stood at 181.4 million euros compared to 186.2 million euros a year earlier.
On the outlook side, the group forecasts that revenue growth for the 2023 financial year should be between 5% and 7% at constant exchange rates thanks to the combined effect of price increases and mix improvement.
“We expect to improve fiscal 2023 adjusted operating income and adjusted operating margin, as well as gross margin, trends which will however be partially offset by continued operating investments and support to the brand, to achieve our ambition as part of the Horizon plan and support long-term profitable growth. The generation of net free cash flow should exceed 200 million euros, for the fifth consecutive year”, details the Bic group in a press release.
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