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BIC APP, which includes Norwood & BIC Graphic, one of the largest suppliers in North America, had net sales of 53 million euros (approximately $69.5 million) for first-quarter 2013. The group's sales in the same quarter last year were 60.1 million euros ($78.8 million).
"Our first quarter 2013 results showed contrasted trends," said Mario Guevara, chief executive officer of BIC Group. "Despite a challenging comparison base, we managed to grow our consumer business in almost all geographies and notably in Europe and North America. In developing markets the slowdown of Latin America growth was more than offset by the good performance of the Middle-East and Africa regions and by Asia."
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