BIC is divesting its Cello stationery business in India to Authum Investment & Infrastructure for INR 153.34 crores, with the transaction expected to close by year-end. This move is not expected to materially impact BIC’s 2025 net sales or EBIT margin amid a revised cautious outlook reflecting global market challenges. BIC remains focused on operational agility and strategic investments.
BIC reported softer-than-expected performance in the third quarter of 2025, with net sales slightly up by 0.3% at constant currency but adjusted outlook reflecting a cautious stance due to global market challenges, especially in the US. The divestiture of the Cello business in India represents a strategic step after ongoing turnaround efforts failed to meet internal expectations.
The Group's 2025 outlook revision now factors in the full impact of US tariffs, expecting net sales to decline by 1% to 1.5% at constant currency with an adjusted EBIT margin around 13.7%. Free cash flow for the year is projected at approximately €210 million. Despite these headwinds, BIC intends to maintain operational agility and focus capital on higher potential markets.
Important Points
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BIC is selling its Cello stationery activities in India to Authum Investment & Infrastructure for INR 153.34 crores.
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Transaction expected to close by the end of 2025 without regulatory hurdles.
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Deal not expected to materially affect 2025 net sales or adjusted EBIT margin.
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BIC's 2025 outlook downgraded due to external factors including US tariffs.
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Net sales expected to decline 1% to 1.5%; adjusted EBIT margin projected at 13.7%.
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Free cash flow forecast stands at about €210 million.
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CEO emphasizes strategic refocus and continued investment in core markets.
Sources: BIC official press release, Authum Investment announcement, Reuters, GlobeNewswire.