France · Delayed Price · Currency is EUR Société BIC Earnings Call Transcripts
Fiscal Year 2026
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The AGM highlighted a challenging 2025 with declining sales but strong cash flow and successful integration of Tangle Teezer. All resolutions, including dividend and board changes, were approved by large majorities. Strategic transformation and new sustainability priorities will be detailed in September.
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Q1 2026 saw 1.6% organic net sales growth, led by broad-based gains and strong Tangle Teezer performance, despite Middle East headwinds. Outlook for 2026 remains unchanged, with a focus on sustainable growth and margin expansion.
Fiscal Year 2025
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2025 saw net sales of EUR 2.1 billion, down 0.9% at constant currency, with margin pressure from tariffs and underperforming businesses. Tangle Teezer delivered strong growth, while portfolio streamlining and cost control set the stage for a transitional 2026 focused on stabilization and margin improvement.
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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.