We expect all of our divisions to deliver organic growth this year in 2022, as we continue our momentum from last year. Your question on Q4 margin I think was pretty well stated given that we didn't have pricing in Q4 etcetera. Gonzalve Bich is the CEO & Director at Socit BIC SA. Gonzalve Bich Net Worth Mr. Gonzalve Bich biography. Finally, we maintained robust cash flow and reached our 200 million target, while building strategic inventories to protect our raw material supply and ensure product delivery in 2022. In 2021 we invested 7.2 million, related to the HACO Industries, Djeep and Rocketbook acquisitions. So Gonzalve talked about how we're increasing our volumes and notably through continued market share gains and we're going to get market share increases of 60% to 70% across most of all of our markets. And we said the -- we have a continued impact of raw material in 2022, but we haven't given a specific guidance or the pieces of how much is raw material. In Shaver, we will focus on revenue growth management to leverage price pack architecture and promotional effectiveness to ensure we deliver a portfolio to meet consumer needs in Europe and the US. And we do expect for the full year low to mid-single decrease in the market, absolutely we won't be shy in grabbing any opportunity that we see in fueling consumption as well as driving it with the advertising and promotional programs with Martha and Snoop and all the other things because there are other things that we do in US Lighter apart from Martha and Snoop. Further, the company is involved in the provision of delivery services; production of industrial equipment; and manufacture and distribution of IT solutions and consumer products, as well as in real estate and insurance activities. It's a far reaching impacts across all facets of our business. We will also see further innovations such as the sustainable BIC Click Soleil, five shaver developed with Avient as mentioned earlier. Can this include some disposals as well, or are you only talking about potential external growth? BIC, Entre dans le classement Perfect. In Q1 of 2022, we invested 17.6 million in CapEx. Last updated: 1 March 2023 at 11:00am EST. When we announced the acquisition two months ago, not even two months ago. Thank you. And you shouldn't -- that would not be something we'd anticipate in the future at those rates. So we're not planning significant increases in unallocated costs is a way to think about it. The consolidation of Inkbox should add between one and two points of growth. What is the salary of Mr Bich? And lastly, free cash flow before acquisitions and disposals stood at 205.7 million. industrie, Entreprise Adjusted EPS group share for full year 2021 increased 21% to 4.29, compared to 3.54 last year. What is the salary of Mr Bich? Thank you. As we move towards more efficient capital allocation the greatest focus was in our Flame For Life division, which accounted for 40% of the total. And it means that you're generating higher dollars per skew, you're being more productive. Last year we -- as I said in October and we confirmed in the fourth quarter we're shipping our first customers. Thank you. labor shortages of last year. So that's how you can think about phasing from first half to second. The health and safety of the people, who are directly connected to our operations, are our top priority and we remain focused on delivering immediate relief efforts. This is explained by the 2022 unfavorable impact of the fair value adjustments to financial assets denominated in U.S. dollar against the Brazilian real. Their unique brand positioning offers tremendous growth opportunities and you should expect more initiatives from us in the near future. On an as reported basis, net sales for the first nine months of 2021 totalled 1.395. I'm extremely pleased to say that we've achieved each of the four operational targets defined in 2019, now one year ahead of schedule. In 2021, we committed to reaching 100% renewable electricity in 2025 and we are fully confident to reach this target. Through this, we continue to enter untapped into rich areas for growth, fueling our ascension into added value segments. Net sales were 168.3 million up 25.4% at constant currencies, and adjusted EBIT was 11.4 million with a 6.8% margin. In short, our incremental focus on consumers is yielding results. We received cash proceeds of 132.5 million 127.9 million for the sale of our headquarter building in Clichy and 4.6 million for the Pimaco divestiture. The perimeter impact adjustments include mainly the acquisition of Inkbox, partially offset by the Pimaco divestiture. Currency fluctuations had a positive impact of 2.9 points excluding the foreign exchange impact from Argentina. India FM Jaishankar says Soros dangerous, debate needed on democracy, Buffett's Berkshire profit falls on investments, currencies, Bill Gates buys Heineken stake, despite saying he's 'not a big beer drinker', Elon Musk recruits team to develop OpenAI rival - The Information, Musk donated around $1.95 billion in Tesla shares last year, Hedge fund manager Chris Hohn demands Airbus drop Atos deal - letter, Elon Musk's challenge: Stay ahead of the competition, ISS urges Apple shareholders to vote for CEO Tim Cook, other execs' pay packages, Elon Musk accuses media of racism after newspapers drop 'Dilbert' cartoon, French media billionaire Niel fails with bid for TNT television frequence - Arcom, Chief Executive Officer & Executive Director. And our net cash position at the end of March of 2022 was 340.1 million. So you know I'm not going to give you that number but what I can give you is that, it is materially accretive to the overall Blade Excellence division and something that you can continue to ask me about as we go quarter-to-quarter and strength to strength. Vous vous tes inscrit pour recevoir lactualit en direct, quest-ce qui vous intresse? And the challenge for us is really getting back to that Flame For Life Horizon strategy of increasing value over volume, but also driving volume where we have consumer appreciation. Okay. How much digits represent yourself in Q2, and all the margin in this category have progressing today. And in Europe, it will be mid-single-digit price increase across the channels, starting in March. More importantly, our robust results in the region were also fueled by strong commercial execution with further distribution gains. Let's now review our consolidated results, starting with the fourth quarter 2021, net sales evolution. Good afternoon. The oldest executive at Socit BIC SA is Sara A. LaPorta, 60, who is the Chief Strategy & Bus. So why don't I start off with your first question raw material and freight what was factored into 2022 and will price fully offset that. Adjusted net income group share for Q1 2022 was 71.0 million compared to 43.0 million last year for the same period. So you mentioned the minus 8 million and minus 13 million for 2021. Gonzalve Bich Shelton, Connecticut, United States 9K followers 500+ connections Join to view profile Oct 3, 2018 Activity I finally met Marta and Snoop Dog yesterday when in the office very. In the US, we outpaced the lighter pocket market by gaining 1.2 points market share in value, fueled by distribution gains, positive price and mix impact and RGM. Engage via Email. Thank you for listening the call and joining us. Que se passe-t-il vraiment? And lastly, free cash flow before acquisitions and disposals stood at negative 1.9 million, negatively impacted by 2022 back-to-school inventory bills. And we'll talk about disposals as well because to your point, rotation is not just about acquiring, it sometimes you need to accept that a project is over. In Latin America our trade-up strategy continued to pay off as we outperformed the markets in both Brazil and Mexico. In Lighters, the increase in pocket in US Lighter will be mid single-digit and will be implemented between February and May of this year in both modern mass market and convenience channels. And in regards to price, Gonzalve gave quite a thorough breakdown. Gonzalve Bich joined Bic in 2003. Thank you, Gonzalve. First question is about your visibility. The company was founded in 1944 and is headquartered in Clichy, France. So you mentioned a lot of ups and downs in the gross profit and EBIT margin cadence. A perfect illustration of our open innovation strategy is the announcement and development of a new recycled material in partnership with Avient. And looking more in the mid- to long term now that you have worked on that initiative for a couple of quarters what sort of market opportunity do you see in the mid to long-term? And it kind of answers your second question which is, yes you should see us continue to do bolt-ons where they make sense. The first one in terms of price adjustment. Among the drivers of the working capital were, the increase in inventories of 97 million. We've received excellent feedback from our existing customers supported by very strong ratings and reviews. Gonzalve BICH Thomas BRETTE Franois CLEMENT-GRANDCOURT Benoit MAROTTE Peter DALSBERG 13 February 2019 Presentation. However, these results are not an accident. This next slide illustrates some of our key non-financial KPIs for 2021. Q1 2022 Human Expression adjusted EBIT margin increased by 4.2 points. The adjusted EBIT margin has been favorably impacted by positive 4.6 points from operating leverage from net sales growth. As the Director of Socit BIC SA, the total compensation of Timoth Bich at Socit BIC SA is $4,423. Gonzalve Bich 1mo Report this post I am proud to be part of the Epic Foundation Ambassador community. Lighter industry. From 2008 to 2012, he headed the Northern European business. (Indexes sur le cours de la bourse). 2022, Depuis 1996, Challenges tablit chaque anne le classement des plus grandes fortunes professionnelles. Since 2018, we've served 158 million children, which is a tremendous source of pride for the team across BIC. L'ONG Oxfam accuse les milliardaires (et notamment 10 Franais parmi eux) d'avoir profit de la crise du Covid pour s'enrichir. [12] Yacht racing and sailing [ edit] Bich was a keen sailor. I have every confidence in our strategic choices and our ability to achieve our objectives, including sustainable returns to shareholders. I've about four questions, please. BIC Shanghai Stationery Manufacturing Co. Ltd. We started doing so in September of last year. Reaching the targets a year early in the midst of the pandemic and continued volatile trading conditions is a testament to the strength of our model and an outstanding achievement by the teams. With our eyes set firmly on the horizon, I'm convinced that we will achieve our growth ambition of sustainable and profitable mid-single-digit growth. Thanks to our team's outstanding commercial execution, we begin the year with deeper and more enriched customer relations founded upon improved consumer understanding. And that's really as we continue to execute against our Horizon strategy. We confirmed our conviction that it's exciting. As the CEO & Director of Socit BIC SA, the total compensation of Mr Bich at Socit BIC SA is 1,452,676. That would be definitely a low point for you to consider, that's a very fair assumption. Inkbox will contribute positively to gross profit. This was partially offset by higher raw materials and air and sea freight import costs, as well as an increase in brand support, notably driven by BIC EZ Reach advertising campaign in the U.S. Lastly, and Blade Excellence, net sales were 113.5 million up 12.5% at constant currencies, and Adjusted EBIT was 25.4 million with a 22.4% margin. For the Rocket -- Sorry, did you have a follow-up? In Europe, net sales grew double-digit, driven by price increases, the continued recovery in traditional channels, and the success of added-value products, such as Djeep and sleeve lighters. In e-commerce, we achieved double-digit to triple-digit growth in developing markets like, India and Brazil. We expect approximately a 100 million impact on adjusted EBIT for the full year, to be more than offset by higher volume and positive pricing. And if you go to the website, you dig around, you're going to find a lot of different things. We will start with the usual presentation and then open the floor to your questions. However, equally important to growth and more sustainable with distribution gains, effective pricing actions, and favorable product mix, including added-value products like the EZ Reach utility lighter, which now reached almost 6% of market share in value just two years after its launch. We increased our digital first capabilities to further allow us to dialogue with a new generation of consumers and we launched several products innovations while continuing to invest in future capabilities. About Press Copyright Contact us Creators Advertise Developers Terms Privacy Policy & Safety How YouTube works Test new features Press Copyright Contact us Creators . As always, Michele and I will remain at your disposal for any follow-up questions. Yeah. I answered your question on gross profit I just want to continue because the question will come again about the EBIT margins. And if I go back to our Horizon strategy, the two things that we talked about and we continue to talk about and we're super laser-focused on is growth in the core and then growth through inorganic operations. We bought back 13.1 million worth of shares in the first-quarter of 2022. You've added a question. Et 200 grandes fortunes rclament une taxation accrue. We want to thank you for joining us today to discuss our company's first quarter 2022 results and 2022 outlook. It was really one of the things that stood out when we launched Horizon a little bit over a year ago as a new and exciting growth lever. I'll now review our operational and consolidated results for the fourth quarter of 2021 and full year 2021. Net income group share was 67.6 million as reported for Q1 of 2022 compared to 161.6 million for Q1 of 2021. What is BIC net worth? Si vous souhaitez modifier vos centres d'intrt, vous pouvez tout moment cliquer sur le lien Notifications, prsent en pied de toutes les pages du site. What is the salary of Timoth Bich? Now before opening the floor to questions, I'd like to take a step back to reflect on the main themes that stand out during this presentation with three words: momentum, determination and growth. Improved market dynamics in the US, a rebound in both traditional and modern mass channels in Europe and strong growth in Latin America drove the division's performance. As a result, we expect full-year 2022 Adjusted EBIT and earnings to grow year-on-year, driven by higher volumes and positive price impacts. Adjusted EBIT for full year 2021 was 279.8 million, compared to 229.1 million last year with an adjusted EBIT margin of 15.3% this year versus 14.1% last year. We also pursued our strategy to lean towards more added value-driven growth. And the drop on Gorillas, I think was last week or the week before. We can now more rapidly respond to shifting consumer trends and the evermore challenging macroeconomic environment. On an as-reported basis, net sales for full year 2020 totaled 1.832 billion, up 12.5% versus last year. The call will be hosted by Gonzalve Bich, BIC Chief Executive Officer and Chad Spooner, Chief Financial Officer. For the duration of the call, your lines will be on listen-only. And you saw that in the acquisition of Rocketbook which was the first step in our digital writing platform. Aprs le dcs fin mai 2021 de Bruno, le fils du fondateur, son fils Gonzalve et sa famille conservent 45,6% du gant des stylos, briquets et rasoirs (CA: 1,6milliard). Please. I'd like to think of the gross profit probably I think it's a more holistic conversation to talk about gross profit in general and how we think about that because there's many elements to it. Now, before I give the floor to Chad, I want to say a word about our Invent the Future plan. We ended up with lower CapEx spend than initially anticipated due to supply chain issues which affected our ability to realize our initial investment plans. No problem. The adjusted EBIT margin has been favorably impacted by 0.2 points from Rocketbook. Vos prfrences ont bien t enregistres. Gonzalve Bich Director and Chief Executive Officer CHAD SPOONER Chief Finance Officer Sara LaPorta Stratgie et Dveloppement Business CHESTER TWIGG Group Commercial Officer ELIZABETH MAUL Group Insights, Innovation & Sustainability Officer GARY HORSFIELD Group Supply Chain Officer FRANOIS CLMENT-GRANDCOURT Group Lighters General Manager Do I think that they're an inventory dislocation? We currently have no questions in the queue. Gonzalve Bich is the CEO & Director at Socit BIC SA. In 2021, we invested 75 million in CapEx. As we continue to ramp up sales to the different customer sets. Adjusted EPS group share for Q1 2022 increased by 67% to 1.60 compared to 0.96 last year. Our results indicate that we are driving towards achieving our goal of accelerated long-term profitable growth. Thank you. Gonzalve Bich is the CEO & Director at Socit BIC SA. And on those price increases, have you noticed any [Indiscernible]? Please ensure your line is unmuted locally, as you will be advised when to ask your question. And when we disposed of PIMACO last year that was a perfect example. Good morning, Charles. Socit BIC SA (OTCPK:BICEY) Q1 2022 Earnings Conference Call April 27, 2022 8:00 AM ET, Sophie Palliez-Capian Vice President, Corporate Stakeholder Engagement, Gonzalve Bich Chief Executive Officer. Now, turning to our Flame For Life division, net sales were 226.4 million up 22.9% at constant currencies, and adjusted EBIT was 87.1 million with a 38.5% margin. On that note, here's Chad who will now -- who will step in now to present our operational and consolidated financial results. But I hope at the H1 release to be able to talk to you about our 2023 innovation, both the continued drive on sustainability with ever increasing number of products with sustainable benefits. Now let me give the floor back to Gonzalve. Hi good morning, everyone. BIC IN 2018 -KEY TAKEAWAYS . So Chad, your point, it's not only about prices, it's also about promotional effectiveness. In Shaver, we'll focus on RGM to leverage price pack architectures and promotional effectiveness to ensure that we're delivering the right portfolio to meet the customer needs in both Europe and the US. Cu hi thng gp (FAQ) v Bhad Bhabie Net Worth. All were well received by customers and consumers and demonstrate that sustainable products offer true competitive advantage. Our ability also to improve on promotional efficiency. On a comparative basis, our net sales were up 12.2%, explained by a strong performance in Europe, North America and Latin America Lighter, as well as BIC Stationary business rebound across most geographies. Trade and other payables were 149 million at the end of 2021. And this is going to continue in 2022. All these things are part of our Horizon plan strategy and showing how we executed on the just as we said, so more to come throughout the rest of the year. As we move towards a more efficient capital allocation, the greatest focus was in our Flame For Life division, which accounted for 43% of the total. We also held or gained share in fast-growing European countries like Poland, Turkey and Russia in shavers where our Hybrid and Flex ranges outperformed the market. As we continue to focus on driving complexity reduction across our portfolio, we achieved a 10% SKU reduction in the first quarter of this year. It offers ball and coloring felt pens, markers, stickers, sticky notes, leads, whiteboards, and correction tapes, as well as graphic, coloring, mechanical, and other pencils; reusable notebooks, smart pens, slate tablets, stylus for tablets, crayons, art and craft kits, erasers, temporary tattoo markers, refillable shavers, razors shave cream, body and face lotions, finger painting products, and watercolors; correction fluids, pens, and tapes; and gel ink, roller, and fineliner pens; and ball and gel pen, color, and mechanical refills. As I said in my introduction, Rocketbook performance was outstanding, with a 55% growth rate in 2021. While meeting our Invent the Future targets was challenging, this helped us to better weather the impacts of COVID-19 on our business. En 1945, la socit PPA (Porte-plume,. So what we like to say is all-in-all, we expect to protect our gross margins including the positive impact from consolidating Inkbox because Inkbox has a very strong gross profit margin. On slide 19, we see the main elements in working capital. The dividend payment was 80.9 million and we bought back 39.2 million worth of shares in 2021. On an as-reported basis, net sales for Q1 2022 totaled 515.7 million up 25.5% versus last year. It has been favorably impacted by +6.3 points from operating leverage, from net sales growth. This increase was driven by net sales leverage and favorable fixed cost absorption, partially offset by the increase in raw material and freight costs, as well as Inkbox 's investment in growth. Net sales performance was driven by U.S. lighters outstanding results. Now, to your point, we'll also grow in Human Expression. Have you now implemented all the adjustments you expect for the full year or you see room for [Indiscernible] increase potentially in the coming months and quarter? Of course, we will continue to push ahead to achieve greater performance in e-commerce. 2021 was year one, of our virgin plastics reduction road map. Trade and other receivables ended at 418 million. FX translation impact Argentina** Q4 2018 Net Sales +5.4%-1.8% Q4 2018 497.4 511.0 But you need to be mindful that with as we've communicated before Inkbox is an investment for growth and that will weigh on our 2022 adjusted EBIT margins. My name is Jess, and I'll be your coordinator for today's events. Et tombe en dcrpitude, au grand dam des habitants. Consistent with our Horizon Plan's target 2022 free cash flow is expected to be above 200 million. The increase in overall freight and distribution costs, was driven by the acceleration of customer demand. Our teams did a tremendous job during the back-to-school season in Brazil. And the third is growth. The first one the raw material and freight costs. Things like Lucky Stationery in Nigeria, the business that we did in Kenya a few years ago or even Djeep which was really a bolt-on because Djeep compared to the total BIC business is rather small. But you should see us also take bigger bites as we add pearls to the string in digital expression SKIN CREATIVE or the broader creative expression space. The Investor Relations team remains at your disposal to answer any follow-up questions. Cello Writing Instruments & Containers Pvt Ltd. President, Chief Operating Officer & Director. We also divested our label business in Brazil Pimaco, and sold our French headquarters. Gonzalve Bich - Chief Executive Officer. This commitment to this innovative foundation will help transform the . Yes, I can't even read my own handwriting. Officer. So the first one you asked about is about, price increases, and have we pass them all along? Welcome everyone and thank you for joining us this morning. Early life. The first one you said at the beginning of the call that you will actively well reshuffle the portfolio of activity to accelerate the organic sales growth of the company. In addition, it sells pantyhoses, batteries, and shaving preps; and advertising and promotional products. Let's now review our consolidated results, starting with Q1 2022 net sales evolution. Lighters should decrease low-to-single digit. Our adjusted EBIT was a 101.9 million with a 19.8% margin. On a comparative basis, our net sales were up 18.8%, mainly explained by a strong performance in North America lighter, as well as the big stationary business rebound in Brazil and South Africa. So the phasing will happen across year like that. Presently, Gonzalve Marie Leon Bich is Chief Executive Officer & Executive Director at Socit BIC SA and Chairman of BIC International Development SAS, Chief Executive Officer of BIC USA, Inc. and President, Chief Operating Officer & Director at BIC International Co. (which are all subsidiaries of Socit BIC SA). First, to grow in all markets. This next slide summarizes the evolution of our net cash position between December 2020 and December of 2021. We're confident that we're going to grow net sales in both of these divisions in Q2, which is going to lead to that stronger H1 that we've always talked about. And finally on the Blade-Tech B2B business on Shaver what contribution are you expecting from that initiative in 2022? On an as-reported basis, net sales for Q4 2021 totaled 436.8 million, up 6.5% versus last year. And then unallocated costs for 2022, I guess the way that I would think about this is on a total year basis, it shouldn't be materially different. We have low single-digit price increase planned in both office products and modern mass channels in the first half in Europe and a mid single-digit price increase starting in February in the US. The oldest executive at Socit BIC SA is Sara A. LaPorta, 60, who is the Chief Strategy & Bus. From a market perspective, Nicola for '23, I think you're going to see a continued softness. Finally, our B2B blade business, BIC Blade-Tech has started to execute as planned and started to ship to its first customers since September of 2021. To consider, that 's how you can think about phasing from first half to second of. Higher volumes and positive price impacts ] Bich was a keen sailor electricity in 2025 and we confirmed the... 1944 and is headquartered in Clichy, France shaver what contribution are you expecting from initiative... 1.832 billion, up 12.5 % versus last year that was a keen sailor incremental focus on is... 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