BIC Releases Fourth Quarter and 2013 Results
Although net sales are down 0.6 percent from last year, BIC's approximately €1.9 billion (about $2.6 billion) net sales total is up 3.6 percent comparatively or 4.6 percent with constant currencies. That increase was 6.7 or 11.4 percent, respectively in the fourth quarter alone.
“We finish the year with a strong Q4 showing an increase in both net sales and operating margin and the full year 2013 was a good year for BIC combining market share gains in most geographies, solid organic sales growth for our consumer categories and strong cash generation," BIC's CEO Mario Guevara said. "This performance was accomplished thanks to BIC employees’ day-to-day commitment to offer customers and consumers high-quality innovative products at the right price.