BIC Group Announces Declining Promotional Sales

Mario Guevara, chief executive officer of the BIC Group said, "In decreasing markets, our consumer business shows good resilience, and we have maintained or grown our market share in most categories and geographies while advertising and promotional products sales continued to decline, in line with industry trends. During the third quarter, we maintained the momentum initiated in the second quarter. This good performance confirms our capacity to reduce costs without compromising long-term value creation."