(Repeats to remove extraneous wording in lead.)
* Margin falls to 19.7 pct from 19.9 a year ago
* Sees consumer business meeting mid-term targets
PARIS, Feb 13 French stationery group Bic
on Wednesday reported its full-year net profit rose
10.6 percent to 263.1 million euros ($354.25 million) as sales
in its consumer business grew in all regions.
Paris-listed Bic expects growth in its consumer business
this year to be in line with its mid-term targets - comprising a
sales increase of between 2 and 4 percent per year and a margin
of between 15 and 20 percent of sales.
In 2012, Bic's operating profit rose to 373.8 million euros
representing a margin of 19.7 percent, below the 19.9 percent
posted in 2011.
Full-year net sales rose 2.8 percent on a comparable basis
to 1.899 billion euros, driven by growth in its consumer
business, which includes stationery, lighters and shavers and
represent more than four fifths of the total.
In its advertising and promotional products (APP) unit,
which sells customised calendars, bags and magnets, full-year
sales declined almost 10 percent on a comparable basis to 291.1
Bic said in October it expected the full-year decline in APP
sales to be in line with the nine-month trend, when they fell
Its lighters business, which grew 4.3 percent over the year,
faces competition from China after the European Commission
decided in December not to renew antidumping duties on Chinese
lighters, a tax set up in 1991 which Bic saw as putting an end
to "unfair competition".
($1 = 0.7427 euros)
(Reporting by Alice Cannet; Editing by James Regan and