BIC - Revised Key KPIs and financial communication agenda
March 18 2021 - 2:39PM
BIC - Revised Key KPIs and financial communication agenda
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 closeThe 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 closeThe quiet period will start on 16th
July |
July 29th - 01:00 PM CET |
3rd Quarter 2021 Results |
Press Release: October 26th – after market closeThe 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-CapianVP, Corporate Stakeholder Engagement+33 1
45 19 55 28+ 33 87 89 3351Sophie.palliez@bicworld.com
Michèle VenturaSenior Manager, Investor Relations+ 33 1 45 19 52
98Michele.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.
- BIC_New Financial KPIs and Agenda_18MAR21
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