BIC Q3 net sales fall on weaker lighter demand, stationery softness; confirms 2026 outlook
Overview
France stationery and lighter maker's Q3 net sales fell 0.6% organically to €516 mln
Company saw growth in shavers and brushes, offset by declines in lighters and stationery
2026 outlook confirmed, with modest organic growth and adjusted EBIT margin above 14%
Outlook
BIC confirms 2026 outlook for modest organic growth and adjusted EBIT margin slightly above 14.0%
Company expects stable Free Cash Flow year-on-year for 2026
Result Drivers
SHAVERS & BRUSHES GROWTH - Blade Excellence division grew 3.9% organically, driven by strong performance in Tangle Teezer and premium shavers in Europe
LIGHTERS DECLINE - Flame for Life division saw a 4.6% organic sales drop, with weak performance across all major regions, particularly Europe and Latin America
STATIONERY SOFTNESS - Human Expression division declined 1.1% organically, with growth in Europe and Middle East & Africa offset by softer performance in North America and Latin America
Company press release:
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Revenue | EUR 516 mln |
Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 3 "strong buy" or "buy", 3 "hold" and 1 "sell" or "strong sell"
The average consensus recommendation for the business support supplies peer group is "buy."
Wall Street's median 12-month price target for Societe BIC SA is €70.90, about 7.8% above its October 27 closing price of €65.80
The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 12 three months ago
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)