Société BIC SA

BIC has announced its strategic roadmap to 2030, aiming to reignite consistent organic growth, strengthen profitability, and enhance cash generation. The plan, named BIC to the Future, focuses on four everyday essentials categories—Stationery, Lighters, Shavers, and Brushes—with a simplified portfolio and consumer-centric offerings. The company targets an organic net sales compound annual growth rate of approximately 3% from 2026 to 2030, an adjusted EBIT margin above 15.5% by 2030, and free cash flow exceeding 250 million euros in 2030, with cumulative free cash flow of 900 to 950 million euros from 2027 to 2030. To support these goals, BIC will invest about 100 million euros in operational expenditures from 2027 to 2030, expecting annualized recurring savings of 80 million euros by 2030. The company also plans to maintain a growing dividend with a payout ratio between 40% and 50% of adjusted earnings per share.

BIC upgraded its full-year 2026 outlook after reporting first-half adjusted EBIT of €166 million, up from €147 million a year earlier, with net sales of €1,040 million and organic growth of 1.7 percent. The adjusted EBIT margin reached 16.0 percent, including a 1.5-point boost from US tariff refunds; excluding that benefit, the margin was 14.5 percent, an 80-basis-point improvement over the first half of 2025. Adjusted earnings per share rose 20 percent to €2.81, or €2.51 excluding the tariff refunds, while free cash flow swung to €64 million from a negative €14 million. The company now expects modest organic growth for the full year, an adjusted EBIT margin slightly above 14.0 percent, and stable free cash flow year-on-year. CEO Rob Versloot said the performance reflects early results of actions taken and that BIC will share details of its new strategy on September 8.

Société BIC disclosed its own share transactions for June 2026, repurchasing a total of 113,405 shares at an average weighted price of €56.7683, for a total amount of €6,437,804.07. The transactions were carried out on multiple dates throughout the month, with the largest single-day purchase occurring on June 25 when 23,151 shares were bought at an average price of €57.1548. The disclosure was made in compliance with general regulation on share buy-backs.