France · Delayed Price · Currency is EUR Société BIC Earnings Call Transcripts
Fiscal Year 2025
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2025 saw net sales decline 0.9% at constant currency to EUR 2.1 billion, with margin pressure from tariffs and underperforming businesses, but Tangle Teezer delivered strong growth. 2026 is expected to be a transitional year with slight margin improvement and stable cash flow.
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Q3 2025 saw continued negative organic growth, with only Tangle Teezer showing strength as other categories and regions struggled. Full-year guidance was revised downward due to weak U.S. and Mexico performance, tariff impacts, and underperforming acquisitions.
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Q2 2025 saw a return to growth with 1.4% net sales increase at constant currency, driven by strong Tangle Teezer performance and sequential improvements across all divisions. Despite H1 net sales declining 2.4%, the company maintained a resilient margin and confirmed its full-year outlook.
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The AGM highlighted strong 2024 financial results, successful execution of the Horizon Plan, and a smooth leadership transition, with all resolutions—including dividend increase and board appointments—approved by large majorities. Strategic focus remains on innovation, sustainability, and global growth.
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Q1 2025 saw net sales decline 8.3% year-over-year, with challenging U.S. and global market conditions, but market share gains in key regions and strong growth from Tangle Teezer. 2025 guidance was revised to 0–3% net sales growth, 15% EBIT margin, and free cash flow above EUR 240 million.
Fiscal Year 2024
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Delivered strong 2024 results with adjusted EBIT margin at 15.6% and adjusted EPS up 8%, driven by operational excellence and resilience in challenging markets. 2025 outlook targets 4–6% net sales growth, stable margins, and continued free cash flow strength.
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Q3 delivered strong margins and free cash flow, with adjusted EBIT margin upgraded to approach 15.5% for 2024. Net sales growth was modest, but market share gains were achieved in key regions despite a challenging consumer environment.
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H1 2024 saw resilient margins and strong growth in Europe, Brazil, and MEA, offsetting a sales decline in North America due to inflation and weaker consumer sentiment. Full-year guidance remains for low single-digit sales growth and improved EBIT margin, with continued focus on cost control and innovation.