KURSSIT JA MARKKINAT / UUTISET
BIC: New Reporting Structure
07.04.2020 klo 18:40 BIC: New Reporting Structure
FOR IMMEDIATE RELEASE
BIC – NEW REPORTING STRUCTURE
Clichy, France – 7 April 2020 - Following the new organization announced at the time of BIC’s transformation plan launched in February 2019, a new reporting structure has been put in place starting in 2020.
The unallocated costs have been removed from Categories’ Income From Operations and Normalized Income From Operations, and will be presented separately:StationeryLightersShaversOther productsUnallocated costs.
Unallocated costs include:
Net costs [balance of income and expenses]of Corporate headquarters including IT, finance, legal and HR costs,of future shared services center.Other net costs that can’t be allocated to Categories, notably restructuring costs, gains or losses on assets’ divestiture, etc. Major unallocated items will be separately identified and disclosed.
Moreover, BIC’s Net Sales breakdown by geography will now be presented as follows:EuropeNorth AmericaLatin AmericaMiddle East and AfricaAsia and Oceania (including India)
A presentation with unaudited restated figures for 2019 (Revenues and Income From Operations), adjusted per quarter and per categories is available on BIC website www.bicworld.com (Investors/Presentations).
BIC is a world leader in stationery, lighters, and shavers. For more than 75 years, the Company has honored the tradition of providing high-quality, affordable 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 Cello®, Conté®, BIC FlexTM, Lucky Stationery, Made For YOUTM, Soleil®, Tipp-Ex®, Wite-Out® and more. In 2019, BIC Net Sales were 1,949.4 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 www.bicworld.com or follow us on LinkedIn, Instagram, Twitter, or YouTube.
CONTACTSSophie Palliez-Capian VP, Corporate Stakeholder Engagement – +33 6 87 89 33 51
firstname.lastname@example.org Investor Relations Contact Press Contacts Michèle Ventura +33 1 45 19 52 98
email@example.com Albane de La Tour d’Artaise +33 1 45 19 51 51 Albane.DeLaTourDArtaise@bicworld.com Isabelle de Segonzac : +33 1 53 70 74 85
2020 AGENDA – ALL DATES TO BE CONFIRMEDFirst Quarter 2020 results 23 April 2020 Conference call and Webcast 2020 AGM 20 May 2020 To be determined First Half 2020 results 29 July 2020 Conference call and Webcast Third Quarter 2020 results 28 October 2020 Conference call and Webcast
AttachmentBIC_New reporting structure_April 2020