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Investing.com -- BIC reported third-quarter sales of €520 million, representing a 4% decline on a reported basis while remaining flat at constant exchange rates. The results were generally in line with analyst expectations.
The company faced continued softness in U.S. markets across its product categories. Stationery showed minimal growth of 0.7%, while other segments declined: pocket lighters fell 2.0%, utility lighters dropped 4.1%, and disposable shavers decreased by 4.6%.
In response to these challenging market conditions, BIC has revised its full-year 2025 outlook downward. The company now expects sales to decline between 1% and 1.5% at constant exchange rates, compared to its previous forecast of 0% to 3% growth. Additionally, BIC lowered its adjusted EBIT margin target to 13.7% from the earlier projection of 15.0%.
The revised guidance places BIC approximately 10% below current market consensus estimates, assuming a 1.2% sales decline at constant exchange rates and the 13.7% adjusted EBIT margin.
Separately, BIC announced it has divested its Cello India operations, though the company stated this transaction is not expected to have any material impact on its 2025 financial results.
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