Core Insights - BIC has appointed Grégory Lambertie as Chief Financial & Digital Officer, effective January 5, 2026, to lead global finance, M&A, and IT functions [2][3] - Lambertie brings over 20 years of financial leadership experience, which will support BIC's sustainable growth strategy [3][4] - The CEO, Rob Versloot, expressed confidence in Lambertie's expertise in financial and digital transformation as essential for BIC's future growth [4] Company Overview - BIC is a global leader in stationery, lighters, and shavers, with a presence in over 160 countries and a workforce of over 13,000 [9] - The company has been committed to delivering high-quality, affordable products for 80 years, establishing itself as a symbol of reliability and innovation [9] - BIC's product portfolio includes iconic brands such as BIC® 4-Color™, Cristal®, and Tangle Teezer®, and it is listed on Euronext Paris [9] Leadership Transition - Chris Dayton served as interim CFO during the transition period before Lambertie's appointment [3] - Lambertie's previous roles include Chief Financial Officer at Worldline and various executive positions in the payment industry since 2015 [5][6] - His career includes experience at Ernst & Young, Lehman Brothers, and Trilantic Europe, showcasing a strong background in finance and investment banking [6] Future Outlook - Lambertie aims to drive financial and operational excellence and digital transformation at BIC [4] - The company is focused on building financial agility to capitalize on future opportunities [4] - Upcoming financial results and meetings are scheduled, including Full Year 2025 Results on February 24, 2026 [8]

Core Insights - BIC's Q3 2025 net sales were 519 million euros, reflecting a slight increase of +0.3% at constant currency but a decrease of -3.3% when excluding Tangle Teezer [2][4] - The company announced the divestiture of its Cello activities in India, indicating a strategic shift as the growth and profitability of these operations no longer aligned with BIC's ambitions [3][21][22] - Following a soft performance in Q3, BIC revised its FY 2025 outlook, anticipating net sales growth at constant currency in the range of -1% to -1.5% and an adjusted EBIT margin around 13.7% [7][11][8] Financial Performance - Q3 2025 net sales by division showed varied performance: - Human Expression: 192 million euros, down -0.5% at constant currency [6][10] - Flame for Life: 175 million euros, down -4.3% at constant currency [6][15] - Blade Excellence: 146 million euros, up +7.4% at constant currency, but down -6.1% excluding Tangle Teezer [6][20] - For the first nine months of 2025, net sales were 1,595 million euros, a decrease of -5.0% compared to the same period in 2024 [4][25] Regional Performance - In Europe, Q3 net sales were relatively flat at constant currency, with strong Back-to-School sales in Eastern Europe, Germany, and the UK, but weaker performance in Southern Europe [12][24] - North America experienced high-single-digit growth in Q3, driven by a solid performance in the US stationery market, although this was partially offset by poor results in other segments [12][24] - Latin America saw a decline in Q3 net sales, primarily due to competitive pressures in Mexico, while Brazil showed slight improvement [12][24] Strategic Actions - The divestiture of Cello activities in India is part of a broader strategy to sharpen focus on operations and invest in markets with a winning strategy [21][23] - CEO Rob Versloot emphasized the need for swift action to define a clear plan for BIC's future, indicating a commitment to improving operational performance [6][8][23]

Core Insights - Société BIC has disclosed its share buy-back transactions for September 2025, indicating a total of 103,290 shares repurchased at an average weighted price of €53.2962, amounting to a total expenditure of €5,504,967.57 [2] Summary by Category Share Buy-Back Transactions - On September 8, 2025, BIC repurchased 4,122 shares at an average price of €53.8865, totaling €222,120.15 - On September 10, 2025, BIC repurchased 9,521 shares at an average price of €52.7926, totaling €502,638.34, and an additional 158 shares at the same price, totaling €8,341.23 - On September 11, 2025, 5,714 shares were repurchased at €52.9831, amounting to €302,745.43 - On September 16, 2025, 7,838 shares were bought back at €53.4215, totaling €418,717.40 - On September 19, 2025, 11,611 shares were repurchased at €52.6000, amounting to €610,738.60 - On September 24, 2025, BIC repurchased 382 shares at €53.2945 for €20,358.51 and 6,606 shares at the same price for €352,063.59 - On September 25, 2025, 283 shares were bought back at €52.7360, totaling €14,924.30 - On September 26, 2025, 9,995 shares were repurchased at €53.4778, amounting to €534,510.40 - On September 29, 2025, BIC repurchased 39,415 shares at €53.6000, totaling €2,112,644.00 - On September 30, 2025, 3,236 shares were bought back at €53.0000 for €171,508.00 and 4,409 shares at €52.9956 for €233,657.60 [2] Company Overview - BIC is a global leader in stationery, lighters, and shavers, with a commitment to delivering high-quality, affordable products for over 80 years - The company operates in more than 160 countries and employs over 13,000 team members worldwide, offering a portfolio of iconic brands and products [4][5]

Core Insights - Société BIC has announced changes to its Board of Directors, including the cooptation of three new directors, which will be ratified at the next Shareholders' Meeting in May 2026 [2][6] - The new directors include Albert Baladi, an expert in consumer goods, and Geoffroy Bich, who has extensive experience within the company [2][3][6] - Rob Versloot has been appointed as the new CEO, effective September 15, 2025, succeeding Gonzalve Bich, who will remain as Senior Advisor [6] Board Composition Changes - Three new directors have been coopted: Albert Baladi, Geoffroy Bich, and Rob Versloot [2][6] - Albert Baladi brings nearly four decades of experience in the consumer goods and food & beverage industries, having held senior positions at Procter & Gamble, PepsiCo, and Yum! Brands [2] - Geoffroy Bich has over 30 years of experience within BIC, having worked in various roles across the company's divisions and overseeing industrial sites globally [3] Leadership Transition - Rob Versloot will take over as CEO, replacing Gonzalve Bich, who will transition to a Senior Advisor role [6] - Albert Baladi will also serve on the Audit Committee and the Nominations, Governance and CSR Committee [6] - The Board expressed gratitude to outgoing directors Gonzalve Bich, Jake Schwartz, and Timothée Bich for their contributions [4]

Company Overview - BIC is a global leader in stationery, lighters, and shavers, known for its commitment to delivering high-quality, affordable products for 80 years [4] - The company operates in over 160 countries with a workforce of more than 13,000 employees [4] - BIC's product portfolio includes well-known brands such as BIC® 4-Color™, BodyMark®, and Tipp-Ex®, among others [4] Voting Rights and Shares - As of August 31, 2025, BIC has a total of 41,621,162 issued shares [2] - The company has 58,339,327 voting rights, with 57,894,819 voting rights when excluding shares without voting rights [6] Upcoming Financial Events - BIC is scheduled to report its Third Quarter 2025 Net Sales on October 28, 2025 [3] - The Full Year 2025 Results are expected to be released on February 24, 2026 [3]

Financial Performance - H1 2025 net sales decreased by 2.4% at constant currencies, totaling €1,077 million, with a comparative decline of 6.4% [2][10] - Adjusted EBIT for H1 2025 was €147 million, resulting in an adjusted EBIT margin of 13.7%, down from 14.9% in H1 2024 [3][11] - H1 2025 adjusted EPS was €2.35, compared to €2.95 in H1 2024, with free cash flow generation of -€14 million, a decline from €37 million in H1 2024 [4][12] Segment Performance - Human Expression segment saw Q2 2025 net sales of €253 million, down 6.1% at constant currencies, with H1 2025 net sales at €406 million, down 7.8% [7][18] - Flame for Life segment reported Q2 2025 net sales of €183 million, down 0.9% at constant currencies, with H1 2025 net sales decreasing by 8.6% [23][24] - Blade Excellence segment achieved Q2 2025 net sales of €157 million, up 19.9% at constant currencies, with H1 2025 net sales increasing by 15.6% [28][29] Geographic Performance - In Q2 2025, net sales in Europe increased by 6.8% at constant currencies, while North America saw a decline of 2.7% [33] - Latin America experienced a significant drop in net sales, down 14.3% in Q2 2025, while Middle East and Africa reported a slight increase of 2.6% [33] - H1 2025 net sales in Asia and Oceania decreased by 11.7% [33] Cost and Margin Analysis - H1 2025 gross profit margin was 48.5%, down from 49.3% in H1 2024, primarily due to higher raw material and electricity costs [10] - The adjusted EBIT margin for the Human Expression segment decreased to 11.0% in H1 2025, driven by increased costs and unfavorable performance [20] - Flame for Life adjusted EBIT margin fell to 28.6% in H1 2025, compared to 31.5% in the previous year, due to net sales decline and higher costs [27] Cash Flow and Net Position - H1 2025 free cash flow was negative at -€14 million, a significant decline from €37 million in H1 2024, attributed to lower operating cash flow and negative working capital changes [15][41] - The net cash position at the end of June 2025 was €21 million, down from €262 million at the end of June 2024 [16][44] Outlook - The company confirmed its 2025 outlook, expecting net sales growth between 0% and 3% at constant currency, with an adjusted EBIT margin around 15.0% and free cash flow above €240 million [9][13]

Corporate Governance - Edouard Bich has been appointed as Non-Executive Chair of the Board, while Gonzalve Bich's term as Chief Executive Officer has been renewed [3][4] - Esther Gaide has been nominated as Lead Independent Director, Chair of the Audit Committee, and member of the Remuneration Committee [4][8] - The Board of Directors has decided to appoint a Lead Independent Director to strengthen governance and prevent potential conflicts of interest, in light of the Bich family's intention to hold 6 out of 10 Board seats [4] Financial Resolutions - The Combined Shareholders' Meeting approved the distribution of an ordinary dividend of €3.08 per share [6] - The statutory and consolidated accounts for the fiscal year 2024 were approved [6] - Various authorizations were granted to the Board of Directors, including share repurchase and capital increase for stock ownership plans [6] Company Overview - BIC is a global leader in stationery, lighters, and shavers, with a presence in over 160 countries and more than 13,000 employees [11] - The company is recognized for its commitment to sustainability and education, and is listed on Euronext Paris [11]

Company Overview - Société BIC is a global leader in stationery, lighters, and shavers, known for its commitment to delivering high-quality, affordable, and trusted products for 80 years [6] - The company operates in over 160 countries with a workforce of more than 13,000 employees, offering a portfolio of iconic brands and products [6] - BIC is listed on Euronext Paris and is included in the SBF120 and CAC Mid 60 indexes, highlighting its significant market presence [6] Upcoming Events - A Combined, Ordinary and Extraordinary, General Meeting is scheduled for May 20, 2025, at 9:30 a.m. in Paris [1] - The agenda and draft resolutions for the meeting were published in the French official legal announcement publication (BALO) No.42 on April 7, 2025 [2] - The Board of Directors amended the agenda and draft resolutions on April 23, 2025, including modifications to the titles and texts of specific resolutions [2][5] Communication and Contact Information - Investor Relations and Global Communications contacts are provided for inquiries, including Brice Paris and Bethridge Toovell [4] - Additional details regarding the changes to the meeting notice can be found on BIC's website under the "Investors/Shareholders Meetings" section [3]