BIC : Sales guidance revised down due to an unfavourable lighters market in the US
>Downward adjustment to 2024 sales prospects - In a press release published yesterday after the market close, the BIC group’s management announced that it is revising downwards its sales outlook for its 2024 financial year. While it initially expected an increase in sales at constant currency excl. Argentina of between +5% and +7%, it is now forecasting "low single digit" growth. This adjustment is explained by a sharper than initially estimated decline in the li...Societe BIC designs, manufactures and distributes the following consumer products: stationery products, lighters, shavers, and other products. Its stationery products include writing instruments such as ball pens, felt pens, mechanical pencils; marking instruments; coloring and drawing instruments; correction instruments and glues. Co.'s stationery products are sold under the BIC® Kids, Tipp-Ex®, Wite-Out®, Sheaffer® and PIMACO® brands. Its other products segment includes promotional products including notebooks, key rings, magnets, and drinkware; Sport sales (surfboards, windsurf boards, kayaks and sailboats); adhesive labels and adhesive raw materials.
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