Uncertainty expressed over full-year sales outlook.

 

The parent company of ACCO Brands (Australia) has held back on issuing a second quarter sales outlook due to the uncertainty in the global trade sphere.

 

"Due to increased market uncertainties driven by the global trade dynamics we have limited visibility beyond the second quarter, therefore we are not providing a 2025 full year outlook for sales, adjusted EPS and free cash flow until we gain more clarity," ACCO Brands global CEO Tom Tedford said.

 

“Second quarter outlook reflects changing customer buying patterns in response to the US tariff situation and a cautious view of near-term demand implications,” he said.

 

In the second quarter, the company expects reported sales to be down in a range of eight per cent to 12 per cent. 

 

"The strategic management of our supplier base has positioned the company to respond quickly to the evolving tariff landscape. We are able to accelerate our supply chain moves to reduce the impact of tariffs. I am confident that our seasoned management team and dedicated employees will execute these important initiatives, while navigating an uncertain business environment,"  Tedford said.

 

ACCO’s net sales in the first quarter were US$317.4 million, down 11.6 per cent from US$358.9 million in 2024

 

ACCO Brands International 

 

First quarter international segment net sales of US$143.5 million decreased 11.3 per cent from US$161.7 million in the prior year. Adverse foreign exchange reduced sales by 2.9 per cent. 

 

Comparable sales were US$148.2 million, down 8.4 per cent versus the prior year. Both reported and comparable sales declines reflect reduced demand for certain office products, partially offset by growth in the technology accessories

categories and the benefit of price increases.

 

PHOTO CREDIT: OPI