France's BIC H1 organic growth 1.7%, upgrades 2026 outlook

Societe BIC SA

29/07/2026 16:53

Overview
France stationery and lighter maker's H1 organic growth was 1.7%, net sales at €1.04 bln
Adjusted EBIT margin rose to 16.0%, aided by US tariff refunds
Company upgraded 2026 outlook, now expects modest organic growth and EBIT margin above 14%

Outlook
BIC now expects modest organic growth in 2026
Company sees 2026 adjusted EBIT margin slightly above 14.0%
BIC expects stable Free Cash Flow year-on-year for 2026

Result Drivers
US TARIFF REFUNDS - Margin and earnings benefited from a positive contribution from US tariff refunds
DISCONTINUATION OF UNDERPERFORMING BUSINESSES - Margin improvement partly driven by exit from underperforming activities
DIVISIONAL PERFORMANCE - Modest organic growth in Blade Excellence and Flame for Life divisions, while Human Expression division saw growth in North America and Middle East/Africa but softness in Europe and Latin America

Company press release: ID:nGNE2f19J2

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
 
EUR 586 mln
 

Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", 3 "hold" and 1 "sell" or "strong sell"
The average consensus recommendation for the business support supplies peer group is "buy."
Wall Street's median 12-month price target for Societe BIC SA is €56.00, about 9.8% below its July 28 closing price of €62.10
The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 11 three months ago

Reuters Recommended Reads
July 27 - Philips beats second-quarter profit estimates helped by tariff refunds
July 29 - France's Bureau Veritas H1 profit rises, lifts FY organic revenue growth forecast
July 28 - Ray-Ban maker EssilorLuxottica beats estimates as tariff refunds boost profit 

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)