Shares in Bic have gained more than 5.4 percent after the French manufacturer reported a 32 percent rise in first-quarter net profit.
Bic said its turnover was up 10.3% to 308.6 million euros at constant exchange rates. For Bic’s stationery segment, turnover was up 10.7% at constant exchange rates to stand at 112.6 million euros.
Bic reported a slight improvement in consumer activity in the United States and Europe, two digit growth in Latin America, as well as an increase in sales in the Middle East and in Africa.