BIC: New Reporting Structure
07 April 2020 - 5:40PM
BIC: New Reporting Structure
FOR IMMEDIATE
RELEASE
BIC – NEW REPORTING
STRUCTURE
Clichy, France – 7 April 2020 -
Following the new organization announced at the time of BIC’s
transformation plan launched in February 2019, a new reporting
structure has been put in place starting in 2020.
The unallocated costs have been removed from
Categories’ Income From Operations and Normalized Income From
Operations, and will be presented separately:
- Stationery
- Lighters
- Shavers
- Other products
- Unallocated costs.
Unallocated costs include:
- Net costs [balance of income and expenses]
- of Corporate headquarters including IT, finance, legal and HR
costs,
- of future shared services center.
- Other net costs that can’t be allocated to Categories, notably
restructuring costs, gains or losses on assets’ divestiture, etc.
Major unallocated items will be separately identified and
disclosed.
Moreover, BIC’s Net Sales breakdown by geography will now be
presented as follows:
- Europe
- North America
- Latin America
- Middle East and Africa
- Asia and Oceania (including India)
A presentation with unaudited restated figures
for 2019 (Revenues and Income From Operations), adjusted per
quarter and per categories is available on BIC website
www.bicworld.com (Investors/Presentations).
ABOUT BIC
BIC is a world leader in stationery, lighters,
and shavers. For more than 75 years, the Company has honored the
tradition of providing high-quality, affordable products to
consumers everywhere. Through this unwavering dedication, BIC has
become one of the most recognized brands and is a trademark
registered worldwide. Today, BIC products are sold in more than 160
countries around the world and feature iconic brands such as
Cello®, Conté®, BIC FlexTM, Lucky Stationery, Made For YOUTM,
Soleil®, Tipp-Ex®, Wite-Out® and more. In 2019, BIC Net Sales were
1,949.4 million euros. The Company is listed on “Euronext Paris,”
is part of the SBF120 and CAC Mid 60 indexes and is recognized for
its commitment to sustainable development and education. It
received an A- Leadership score from CDP. For more, visit
www.bicworld.com or follow us on LinkedIn, Instagram, Twitter, or
YouTube.
CONTACTS
Sophie Palliez-Capian VP, Corporate Stakeholder Engagement
– +33 6 87 89 33 51sophie.palliez@bicworld.com |
Investor Relations Contact |
Press Contacts |
Michèle Ventura +33 1 45 19 52 98michele.ventura@bicworld.com |
Albane
de La Tour d’Artaise +33 1 45 19 51 51
Albane.DeLaTourDArtaise@bicworld.com |
|
Isabelle de Segonzac : +33 1 53 70 74 85isegonzac@image7.fr |
2020 AGENDA – ALL DATES TO BE
CONFIRMED
First Quarter 2020 results |
23 April 2020 |
Conference call and Webcast |
2020 AGM |
20 May 2020 |
To be determined |
First Half 2020 results |
29 July 2020 |
Conference call and Webcast |
Third Quarter 2020 results |
28 October 2020 |
Conference call and Webcast |
- BIC_New reporting structure_April 2020
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