Q3 results exceeded our expectations, 9 months Net Sales on a comparative basis above 2019 levels in almost all regions - Full Year 2021 Net Sales guidance further upgraded
Mid-singledigit growth in the U.S pocket lighter market and solid performance in Latin America drove Flame for Life growth
Human Expression Net Sales led by double-digit increases in Europe, Latin America, Middle-East & Africa and India, and outstanding performance from our recent acquisitions (Rocketbook in the U.S and Lucky Stationery in Nigeria)
Blade Excellence performance driven by Latin America: double-digit Net Sales growth of our added- value products.
Strong performance in e-commerce, with all channels and regions contributing. Accelerated growth in
Developing countries.
Adverse Raw Material price increases offset by savings from the Invent the Future transformation plan combined with ongoing manufacturing efficiencies
Sustained Free Cash Flow generation driven by solid Cash from Operations
2
Q3 & 9M 2021 KEY FINANCIAL FIGURES
NET SALES
Q3 2021
478.4 M€
Change at CC(1)
+8.5%
Change at CB (2)
+5.0%
9M 2021
1,395.1 M€
Change at CC (1)
+19.8%
Change at CB(2)
+16.1%
ADJUSTED EBIT
Margin %
Q3 2021
82.5 M€
17.2%
9M 2021
248.6M€
17.8%
ADJUSTED EPS
Q3 2021
1.28€
+21.9%
9M 2021
3.80€
+30.1%
€
FREE CASH
FLOW(3)
Q3 2021
128.6 M€
9M 2021
232.3 M€
(1) Net sales change at constant currency / (2) Net sales change on a comparative basis / (3)Before acquisitions and disposals
3
9M 2021 NET SALES GROWTH ON A COMPARATIVE BASIS
BIC's main countries
9m 2021 / 9M 2020 growth on a comparative basis
100 M€
MexicoIndia
65%
57%
49%
41%
Brazil
33%
United States
25%
Italy
UK
17%
France
Spain
Group
9%
+16.1%
Australia
1%
Canada
-7%
The bubble size is representative of 9M 2021 Net Sales
4
9M 2021 NET SALES GROWTH ON A COMPARATIVE BASIS
2021 / 2019 trends
9m 2021 / 9M 2019 growth on a comparative basis
30%
20%
North
America
Middle-East and
Europe
Latin
Africa
10%
America
Group
0%
+0.7%
-10%
-20%
-30%
-40%
Asia incl. India*
100
M€
The bubble size is representative of 9M 2021 Net Sales
* Adjusted from route-to-market in Asia
5
Pour lire la suite de ce noodl, vous pouvez consulter la version originale ici.
BIC SA published this content on 26 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 October 2021 05:57:07 UTC.
Bic is one the world leading manufacturers of stationery, lighters and razors. Net sales break down by family of products as follows:
- lighters (38%);
- stationery (37%): ballpoint pens, pencils, mechanical pencils, felt-tip pens, correction pens, erasers, permanent markers, glues, adhesive notepads, etc.;
- razors (24%);
- other (1%).
Net sales are distributed geographically as follows: Europe (30%), North America (39%), Latin America (20%), Middle East and Africa (7%), Oceania and Asia (4%).
BIC 
