Bic’s new strategic plan targets a sales acceleration towards the mid-single-digit rate by 2022 – driven by improved commercial excellence and entry into the faster-growing adjacent markets through M&A. Cost cutting is also on the agenda, particularly optimisation of the manufacturing footprint and the simplification of processes. The game-plan to return to 2014-15 sales growth levels seems impressive on paper and execution should be the key from here on.
13 Nov 2020
Management targets to return to mid-single-digit sales growth by 2022
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Management targets to return to mid-single-digit sales growth by 2022
Societe BIC SA (BB:PAR) | 0 0 1.6% | Mkt Cap: 4,035m
- Published:
13 Nov 2020 -
Author:
Sumit Sayal -
Pages:
3
Bic’s new strategic plan targets a sales acceleration towards the mid-single-digit rate by 2022 – driven by improved commercial excellence and entry into the faster-growing adjacent markets through M&A. Cost cutting is also on the agenda, particularly optimisation of the manufacturing footprint and the simplification of processes. The game-plan to return to 2014-15 sales growth levels seems impressive on paper and execution should be the key from here on.