BIC has reported that its stationery net sales for the first nine months of 2016 decreased by 0,6% but grew by 4,6% on a constant currency basis.
In Europe, the increase in nine-month net sales was in the high single-digits. The back-to-school sell-out was good, especially in France (where BIC gained market share for the 12th year in a row) and in the UK.
In North America, BIC registered low-single digit growth in the nine-month period. Market growth during back-to-school was in the mid-single digits (in value terms) with gains market share thanks notably to the performance of its top selling products.
Sales growth was in the low-single digIts in Latin America, with gains in market share in Brazil. In the Middle-East and Africa, BIC delivered very strong growth along with market share gains in South Africa and a good performance in Morocco.