(CercleFinance.com) – Bic publishes a turnover of 526.1 ME for the 4th quarter, stable in published data (-0.1%) and up 2.4% on a comparable basis, compared to the 4th quarter of the previous financial year.
The adjusted operating margin stood at 13.8%, compared to 8.2% a year earlier during the same period.
For its part, adjusted net income per share of the group more than doubled, going from 0.57 euros to 1.23 euros in the 4th quarter.
Over the entire 2023 financial year, turnover stood at €2,263 million, i.e. +1.3% as published and +3.5% on a comparable basis compared to 2022, with an adjusted operating margin which increases from 14% in 2022 to 14.7% in 2023.
Adjusted net profit per share of the group stands at 5.7 euros in 2023, compared to 5.12 euros a year earlier.
For 2024, Bic expects revenue growth of between +5% and +7% at constant exchange rates thanks to the effect of volumes, price and mix. “In 2024, we expect a slight improvement in the adjusted operating margin, thanks to a positive leverage effect on operating costs,” indicates the group.
Bic takes the opportunity to confirm its 2025 objectives, namely annual turnover growth of 5-7% at constant exchange rates and an adjusted operating margin with an improvement of around 150 basis points compared to the level of 14.0%. registered in 2022.