• BIC - Revised Key KPIs and financial communication agenda

    Source: Nasdaq GlobeNewswire / 18 Mar 2021 13:39:23   America/Chicago

              

    BIC: revised 2021 key KPIs
    and Financial Communication agenda

    CLICHY, FRANCE – 18 March, 2021 – As mentioned in the February 17 2021 press release, and beginning in Q1 2021, BIC will evolve its financial KPIs to align with the Horizon plan.

    The changes are detailed in the table below:

    Current key KPIs New key KPIs (see glossary)
    Net Sales Net Sales
    Change as Reported Change as Reported
    Change at constant currencies Change at constant currencies
    Change on a comparative basis Change on a comparative basis
      EBITDA
    Income From Operations (IFO) EBIT (Earnings Before Interest and Taxes)
    Income From Operations (IFO) margin EBIT (Earnings Before Interest and Taxes) margin
    Normalized Income From Operations (NIFO) Adjusted EBIT (adjusted Earning Before Interest and Taxes) or aEBIT
    Normalized Income From Operations margin Adjusted EBIT margin (aEBIT margin)
    Net Income Group Share Net Income Group Share
    Earnings Per Share (EPS) Earnings Per Share (EPS)
    Normalized Earnings Per Share (EPS) Adjusted Earnings Per Share (EPS)
    Net Cash From Operating Activities Net Cash From Operating Activities
      Free Cash-Flow
    Net Cash Position Net Cash Position

    BIC is also adjusting its financial agenda. As of Q1 2021, the press release will be issued the evening of the Board of Directors meeting after market close, and the Management Conference Call will be at 01:00 PM CET the following day.

    2021 AGENDA

    Event Press Release Conference Call
    1st Quarter 2021 Results April 27th - after market close
    The quiet period will start on April 13th     		April 28th – 01:00 PM CET
    2021 AGM May 19th – 03:00 PM CET -The AGM will be held closed-door Live webcast
    First Half 2021 Results July 28th – after market close
    The quiet period will start on 16th July     		July 29th - 01:00 PM CET
    3rd Quarter 2021 Results Press Release: October 26th – after market close
    The quiet period will start on 12th October     		October 27th - 01:00 PM CET


     

    GLOSSARY


     

    • Constant currency basis: constant currency figures are calculated by translating the current year figures at prior year monthly average exchange rates.
    • Organic change or Comparative basis: at constant currencies and constant perimeter. Figures at constant perimeter exclude the impact of acquisitions and/or disposals that occurred during the current year and/or during the previous year, until their anniversary date. All Net Sales category comments are made on a comparative basis. Organic change excludes Argentina Net Sales for both 2019 and 2020.
    • EBITDA: EBIT before Depreciation and Amortization
       
    • Adjusted EBIT: adjusted means excluding normalized items.
    • Adjusted EBIT margin: adjusted EBIT as a percentage of Net Sales.
    • Net Cash from operating activities: Cash generated from principal activities of the entity and other activities that are not investing or financing activities.
    • Free Cash Flow: Net cash flow from operating activities less capital expenditures (CAPEX). Free cash flow does not include acquisitions and proceeds from the sale of businesses.
    • Net cash position: Cash and cash equivalents + Other current financial assets - Current borrowings - Non-current borrowings (except financial liabilities following IFRS 16 implementation)



     

    Contact


     

    Sophie Palliez-Capian
    VP, Corporate Stakeholder Engagement
    +33 1 45 19 55 28
    + 33 87 89 3351
    Sophie.palliez@bicworld.com

    Michèle Ventura
    Senior Manager, Investor Relations
    + 33 1 45 19 52 98
    Michele.ventura@bicworld.com

    Albane de La Tour d’Artaise
    Senior Manager, Institutional Press Relations
    + 33 1 45 19 51 51
    + 33 7 85 88 19 48
     Albane.DeLaTourDArtaise@bicworld.com

    Isabelle de Segonzac
    Image 7
    + 33 6 89 87 61 39
     isegonzac@image7.fr


     


     

    ABOUT BIC

    A world leader in stationery, lighters and shavers, BIC brings simplicity and joy to everyday life. For more than 75 years, the Company has honored the tradition of providing high-quality, affordable, essential products to consumers everywhere. Through this unwavering dedication, BIC has become one of the most recognized brands and is a trademark registered worldwide. Today, BIC products are sold in more than 160 countries around the world and feature iconic brands such as BIC Kids™, BIC FlexTM, BodyMark by BICTM, Cello®, Djeep, Lucky Stationery, Rocketbook, Soleil®, Tipp-Ex®, Us. TM, Wite-Out® and more. In 2020, BIC Net Sales were 1,627.9 million euros. The Company is listed on “Euronext Paris,” is part of the SBF120 and CAC Mid 60 indexes and is recognized for its commitment to sustainable development and education. It received an A- Leadership score from CDP. For more, visit about.bic.com or follow us on LinkedIn, Instagram, Twitter, or YouTube. 

     

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