On Slide 17, you can see the key elements of the summarized P&L results. We bought back 13.1 million worth of shares in the first-quarter of 2022. He added a question in U.S. Okay. Our 2022 is off to a strong start, powered by the continued implementation of our Horizon strategy. The adjusted EBIT margin has been favorably impacted by 0.2 points from Rocketbook. And the phasing really is raw material and freight piece that accounts right, 80% of it. Our sell-in performance was driven by strong results from premium products, such as the flex and solely ranges in Europe. Thank you for joining today's call. Okay. I'm extremely proud of how our teams have pulled together to deliver an exceptional quarter with double-digit growth across all our categories and accomplishing this, while navigating continued supply chain issues and rising inflation in addition to labor shortages of last year. There are no executives at Socit BIC SA getting paid more. With the inclusion of Inkbox, the proportion of BIC's e-commerce net sales from D2C in 2021 would be 14% versus circa 3% beforehand. So manufacturing efficiencies and procurement savings. Brand support was higher by 1.0 points, as we continue to invest in our brands to support short and long-term growth. And that's what the teams are really doing. In addition to strong domestic sales, I want to highlight their successful deployment outside the United States, notably in Europe and in the B2B and education channels, where sales more than doubled. I'm convinced we can reach 10% market share by the end of 2023. Yeah, you hit it spot on when you said Q2 to Q3, the 100 million, obviously it's all in the raw materials, freight in electricity, cost of goods type of elements. Trade and other payables were 271.0 million at the end of Q1 of 2022. And then we'll expect to see -- and this is going to be driven really by a gradual recovery in the overall supply chain. So that's how you can think about phasing from first half to second. We will continue to focus on operating cash flow with cautious inventory management to protect our supply and delivery. So do you plan to strengthen the deal firm? The call will be hosted by Gonzalve Bich, BIC Chief Executive Officer and Chad Spooner, Chief Financial Officer. And then as I mentioned before in Nicolas question, some of the electricity in. Adjusted earnings per share were 4.29 up 21% versus last year. And I really love that collaboration and you should continue to see those really interesting, edgy designs that are so critical to the appeal of the product in addition to its tremendous just application benefits. BIC CEO details the $400 million market for temporary tattoos January 18, 2022, 4:54 PM BIC CEO Gonzalve Bich joins Yahoo Finance Live to discuss the stationary manufacturer entering the. In 2021, we launched several innovative new products with reduced environmental impact. Many thanks. In North America, the Stationary market should be flat to slightly increasing, following vigorous growth in 2021. Adjusted EBIT margin for the division increased by 1.2 points, explained by favorable net sales leverage and favorable fixed cost absorption. And as a reminder, our Q1 results will be released on 25th of April and our next AGM will be held on May 18. 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. And of course, our new B2B business BIC Blade tech will continue to ramp up and contribute sustainably to the division's growth and profitability in 2022. Adjusted EBIT was 270.2 million with a 37.6% margin. In Lighters, the increase in pocket US lighters should be on average mid single-digit and implemented between February and May in modern mass and convenience channels. Net sales were 168.3 million up 25.4% at constant currencies, and adjusted EBIT was 11.4 million with a 6.8% margin. We currently have no questions in the queue. The company was founded in 1944 and is headquartered in Clichy, France. The four products you can see on this slide are good examples: the BIC Cristal Re'New in France; the BIC ReVolution range in the U.S., the new range of Hybrid shavers; and our new BAMBOO razor, which launched successfully online and offline in Sweden during the second quarter. How do we increase our revenue for SKU pricing? First question is about your visibility. 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. We will sharpen our focus on consumer-centric innovations and drive commercial excellence even further. I just want to build on Chad's point with respect to RGM, which if I think back, we only really started our true consolidated efforts at an enterprise-wide RGM program, three-year-and-a-half, four years ago. 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. It is also critical to continue to invest in our organic growth and a prerequisite to funding external growth. He said there were four. In 2012, he was named Deputy General Manager, responsible . Adjusted EPS group share for Q1 2022 increased by 67% to 1.60 compared to 0.96 last year. FX translation impact Argentina** Q4 2018 Net Sales +5.4%-1.8% Q4 2018 497.4 511.0 BIC Shanghai Stationery Manufacturing Co. Ltd. I will now hand over to your host Sophie Palliez to begin today's call. What is the salary of Mr Bich? From a market perspective, Nicola for '23, I think you're going to see a continued softness. Our next major milestone within reach is attaining a 15th share of this important pillar of horizon. Thanks. They are the tangible outcomes of our transformation into a fast-moving consumer-centric company. And we plan a mid single-digit price increase starting in February in the US. And one of the things I'm most excited about is it's about creating a new space because we're good at fighting the fight in very mature markets it's a totally different business when you start creating from scratch. From 2008 to 2012, he headed the Northern European business. Moreover, we continue to grow and gain two points of market share and coloring a key strategic segment for us. In less than two years, EZ Reach has achieved 4.3% market share of the total pocket lighter market in value. It has the type of margins that we're looking for. Good morning, Nicolas. In less than 24 months, they transformed their market approach. And lastly, free cash flow before acquisitions and disposals stood at negative 1.9 million, negatively impacted by 2022 back-to-school inventory bills. Gonzalve Bich is the CEO & Director at Socit BIC SA. EPS group share for full year 2021 was 7.02, compared to 2.08 in full year 2020. Devel. So off to a convincing and strong start. So I'll just repeat, the fact that we have plans to increase prices in all categories and regions and I'll walk through those again for you slowly. And we outpaced both the lighter and stationery markets in South Africa, reinforcing our leadership in the region and growing in strategic segments such as coloring. 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? In 2021, we reached more than 40 million children around the world. First, we will increase volumes, which will positively impact our fixed cost absorption. 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). There are no executives at Socit BIC SA getting paid more. Second, we will increase prices in stationery. Now, BIC has -- had a reputation for cautiousness and for delivering rather than promising. 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. In addition, it sells pantyhoses, batteries, and shaving preps; and advertising and promotional products. The performance of our Flame for Life division should come from growth across all regions including the U.S. Adjusted net income group share for Q1 2022 was 71.0 million compared to 43.0 million last year for the same period. To your question about the U.S. As we look at the 172.2 million of non-recurring items in 2021, it was mainly driven by 167.7 million net gain for the sale of our Clichy headquarters and 3.0 million net gain from the Pimaco divestiture. Since 2018, we've served 158 million children, which is a tremendous source of pride for the team across BIC. So that's what we'll see. The company also provides pocket, utility, decorated, non-decorated classic, electronic, and multipurpose lighters. However, we remain on track to achieve both our 2025 and 2030 goals. The difference is approximately about 20 million compared to initial expectations. Our balance sheet is purposefully strong because we believe that a sound financial situation is key in the current volatile environment. And we're evaluating plans to increase capacities to answer, increasing demand. Thank you. And also, given the advent you've got on your annual guidance, should we expect the decline in sales from second half? In the US, we were faced with the continued challenging competitive environment, affected by aggressive promotional activity and value segments. Your question on Q4 margin I think was pretty well stated given that we didn't have pricing in Q4 etcetera. This was mainly due to the decline of the US dollar and the Brazilian real against the euro. Now, as I begin, I want to formally recognize the outstanding work of our teams in 2021 across the world and despite the ongoing turbulent trading environment, they worked relentlessly to execute our Horizon Plan and achieve our 2021 objectives. 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. So on a total consolidated basis we're looking to protect our gross margin rate. Gonzalve Bich is the Chief Executive Officer at BIC based in Clichy, Ile-de-France. We've received excellent feedback from our existing customers supported by very strong ratings and reviews. Hi, Nicolas. What is BIC net worth? Whitepages people search is the most trusted directory. As we continue to ramp up sales to the different customer sets. There are 2 older and no younger executives at Socit BIC SA. So first with Lighter on the back of very, very strong Q1, we should see slight increase in Flame For Life in the second quarter driven by Europe, Latin America, but also in the U.S. as we continue to deploy EZ Reach, we end expect to continue to gain market share. And if you go back a few years prior to that we also disposed of BIC Sport. So shall we expect a sizable M&A transaction, or are you going to continue to focus on bolt-on acquisitions? They have a new product roadmap and we'll be rolling that out. Let's now review our consolidated results, starting with the fourth quarter 2021, net sales evolution. And also, we expect to see a positive back-to-school phasing in both Europe and North America as our customers wish to phase shipments ahead of their 2022 back-to-school seasons. Gonzalve Bich joined Bic in 2003. Currency fluctuations had a positive impact of plus 5.4 points, excluding the foreign exchange impact from Argentina. In the U.S. the launch of our new razor Soleil Escape was a success and contributed to growth. And as Gonzalve mentioned that could have -- that will have an anticipated 50 to 80 basis points negative impact on our margins in 2022. This also demonstrated that our all flame occasion strategy is relevant and can sustain growth in lighter. So the phasing will happen across year like that. So you mentioned the minus 8 million and minus 13 million for 2021. Finally, we continued to improve the learning conditions for children, to help them succeed in their education. In our Flame For Life division, net sales were 718.5 million, up 20.3% at constant currencies. This improvement is mainly driven by the strong increase in North America lighter sales, price increases and a favorable fixed cost absorption. Not in H2. BIC, Entre dans le classement So if we take all them together do you expect to protect the adjusted EBIT margin in 2022 compared to 2021? Finally, as Gonzalve mentioned, BIC Blade-Tech successfully contributed to approximately 30% of the division's growth. Thank you, Gonzalve. 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. Full year 2021 Human Expression adjusted EBIT margin, decreased by 0.4 points. And do you expect to fully offset that -- to fully offset that increase through the adjustment you mentioned before? And then just a few short weeks ago, after having launched BodyMark over four years ago, which was a great initial learning step in SKIN CREATIVE, we confirmed our understanding of the space. This robust performance was fueled by efficient digital brand support investment, driven by a very simple idea, that a BIC seen is a BIC sold, regardless of whether it's online or offline. Let's now look forward to 2022. 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. Que se passe-t-il vraiment? [Operator Instructions] And the first question comes from the line of Nicolas Langlet from BNP Paribas. Is this happening to you frequently? La famille fondatrice, incarne par Gonzalve (DG) et son pre Bruno (prsident), contrle 45% du fabricant de stylos bille, rasoirs jetables et briquets (CA: 1,9 milliard), confront la baisse de ses marchs. Marcel Bich possdait le titre de baron, accord son aeul par le roi de Sardaigne en 1841. Trade and other receivables increased by 49.3 million and ended the period at 476.9 million as a result of strong net sales growth. You mentioned that a lot of time during the call, is there anything we should expect in H2 and major innovation for any category in H2? And we plan really to continue to drive that because it's one of those critical, important pillars of the Human Expression strategy that we have in Horizon. Hello, everyone. Let me now review the adjusted EBIT margin change for the full year of 2021 versus 2020. I'm sorry. However, as already mentioned, supply chain issues impacted our operations, leading to a weak full year performance in the U.S. despite a rebound in the fourth quarter. The recent acquisition of Inkbox, the leading semi-permanent tattoo direct-to-consumer brand, will strengthen our position in e-commerce further and help build our social media capabilities. Gonzalve Bich Net Worth Gonzalve Bich biography. In 2021, we committed to reaching 100% renewable electricity in 2025 and we are fully confident to reach this target. The full year gross profit margin increased by 2.7 points at 50.8% for 2021, compared to 48.1% in 2020. We've doubled down on our manufacturing capabilities and realize the potential of our unique industrial expertise, and where appropriate, commercialized it in an accretive way. 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. #9. Now, on the back of that, what -- what is H2 look like? Let me pause here to highlight the incredible job of our Brazilian team. So I would say ahead of the game there. Gonzalve Bich Net Worth Mr. Gonzalve Bich biography. The company also provides pocket, utility, decorated, non-decorated classic, electronic, and multipurpose lighters. In the non-refillable segment our added-value shavers represented an impressive 70% of the total division sales, confirming the relevance of our premiumization strategy. It has been favorably impacted by +6.3 points from operating leverage, from net sales growth. Yes, I can't even read my own handwriting. And as we talk about the gross profit and the headwinds we talked about the volume. Wallmine is a radically better financial terminal. The second half will be on the low end of our net sales range. We will then open to your questions. Gonzalve Bich Gonzalve Bich Published Oct 3, 2018 . For the Rocket -- Sorry, did you have a follow-up? Gonzalve? 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. We currently have no questions in queue. Vos prfrences ont bien t enregistres. No. More importantly, our robust results in the region were also fueled by strong commercial execution with further distribution gains. For instance, fixed new intensity, color change pen, which transforms every day writing into a creative opportunity is launched in most geographies. Part of this strong performance was due to the delayed shipments of orders in the fourth quarters -- fourth quarter of 2021 effected by supply chain issues. When we announced the launch of our B2B business and Shaver Bic Blade-Tech, we expected that the first visible outcomes of this new strategy would not occur before this year 2022. Excluding 2020 under absorption of fixed cost due to the COVID-19 pandemic and Rocketbook, the gross profit margin decreased by 2.5 points. My second question is about your 100 million impact from raw material for the year. Let's now review our consolidated results, starting with Q1 2022 net sales evolution. Today, EZ reach is almost at 6% market share. So this ends our call today. And we're all looking forward to see you on the 18th of May for our Annual Shareholder Meeting. Your next question was about input cost headwinds, and how has it changed compared to what we sold since we spoke to you last? We achieved this in 2021, with notable performance in developing markets where we grew more than 60% overall. Trade and other payables were 149 million at the end of 2021. And we were able to reach high double-digit to triple-digit like-for-like growth in these important growth market. 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. Among the drivers of the working capital were, the increase in inventories of 97 million. Mr Bich is 42, he's been the CEO & Director of Socit BIC SA since . The company was founded in 1944 and is headquartered in Clichy, France. 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 majority of them will happen before the end of the first half of the year. On an as-reported basis, net sales for full year 2020 totaled 1.832 billion, up 12.5% versus last year. This ends the review of Q1 of 2022 consolidated results. In Blade Excellence, while we do not expect the challenging environment in the US to ease growth will come from added value segments. And finally on the Blade-Tech B2B business on Shaver what contribution are you expecting from that initiative in 2022? 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. As I reflect on what we achieved, the four things that stand out for me are; net sales growth, our resilience to external headwinds, our continued progress on sustainability, and maintaining our strong cash flow. First question is on the phasing for 2022. And I'm really pleased with what the team's been doing. Please ensure your line is unmuted locally, as you will be advised when to ask your question. The successful integration of recent acquisitions also drove performance, as Rocketbook net sales grew 55% and Lucky pens in Nigeria grew more than 100%. And really this is where we are seeing this benefit from, right? Socit BIC SA (OTCPK:BICEY) Q4 2021 Earnings Conference Call February 16, 2022 2:30 AM ET, Sophie Palliez-Capian - Vice President, Corporate Stakeholder Engagement, Hello and welcome to the BIC 2021 Full Year Results Call. Vincent Bollor possde un htel avec vue sur la mer dans la commune littorale de Fouesnant (Finistre). You should expect us to continue to actively manage our portfolio, to increase our exposure to fast-growing businesses in fast-growing countries. We have a good back-to-school in front of us in all of the geographies, Europe, North America, Mexico, those are the big ones for third quarter, which will finish shipping in Q2. Adjusted EBIT will be impacted by an increase in brand support to support 2022 net sales growth and more R&D and OpEx to support long-term growth. Adjusted EBIT for Q1 2022 was 101.9 million compared to 60.5 million last year, with an adjusted EBIT margin of 19.8% this year versus 14.7% last year. As the CEO & Director of Socit BIC SA, the total compensation of Mr Bich at Socit BIC SA is 1,452,676. Which I will tackle in a second. Net sales performance was driven by U.S. lighters outstanding results. These robust results are important achievements for 2021, but more importantly they position us strongly against our competitors in 2022. What is the salary of Timoth Bich? We will also see further innovations such as the sustainable BIC Click Soleil, five shaver developed with Avient as mentioned earlier. Gonzalve Bich's Phone Number and Email. Throughout the year we successfully managed raw material scarcity, price increases, sea freight disruption, a shortage of local transportation, and ongoing mobility restrictions in many countries. Career. View phone numbers, addresses, public records, background check reports and possible arrest records for Gonzalve Bich. 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? (Indexes sur le cours de la bourse). 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 The increase in overall freight and distribution costs, was driven by the acceleration of customer demand. Thank you. So as we move from gross profit to EBIT -- one of the things that Gonzalve talked about is our continued brand support so we can get that net sales growth in 2022. We had those in sell out in the market as well. Now before I conclude with our 2022 financial outlook, I'd like to share the factors that will underpin our financial performance this year. I have every confidence in our strategic choices and our ability to achieve our objectives, including sustainable returns to shareholders. As we continue to focus on excellence of commercial execution while building scale around our largest and most profitable product lines, we successfully maintained or gained market share in approximately 70% of the markets in which we operate and across all three divisions, we've seen double-digit net sales growth in our three categories and in nearly all regions. [Indiscernible] performance was driven by successful back-to-school seasons in both Brazil and South Africa, as well as early shipments to customers for the upcoming back-to-school season in both the U.S. and Europe, which added approximately 5 million to Q1 net sales. My third question is concerning Rocketbook. Et Marine Tondelier (EELV) veut une France sans milliardaires. Please go ahead. Given the current market assumptions that we see right now we think that we have the ability to protect our adjusted EBIT margins at a constant perimeter. And today, it represents about 7% of our total stationery sales in the first quarter. That's all for my questions. The consolidation of Inkbox should add between one and two points of growth. However, we managed to successfully gain market share in premium ranges. Gonzalve Marie Leon Bich. He was Chief Operating Officer (COO), responsible for BIC Group Consumer Business, Human Resources and I.T. Her single "Hi Bich" was featured on the Billboard Hot 100 chart in 2018. This ends the review of our 2021 consolidated results. Trade and other receivables ended at 418 million. Good morning, Charles. Sign up On Slide 10, we see the main elements in working capital. There's also international development, notably actually in Europe that's driving some sales expansion should continue to do that for the balance of the year and it's really the same story at Inkbox. Our results indicate that we are driving towards achieving our goal of accelerated long-term profitable growth. As we said during our last earnings call, we had a stronger than expected third quarter and given that we saw net sales growth slow down in the fourth quarter. Thanks Chad. And on those price increases, have you noticed any [Indiscernible]? About Press Copyright Contact us Creators Advertise Developers Terms Privacy Policy & Safety How YouTube works Test new features Press Copyright Contact us Creators . You may now disconnect your lines. Now, to your point, we'll also grow in Human Expression. And so we divested it and it's on to a future that it has. Thanks to the success of BIC EZ Reach in the US and the addition of Djeep Lighters in Europe, added-value products accounted for almost 36% of total sales in 2021, on track to reach our 50% objective in 2025. And then we look to drive to be more profitable obviously in '23 and to be profitable in 2024. Now, I'll provide a little color on each of these. This is a great step forward for us. We started 2022 with strong momentum. [Indiscernible] Thank you. Although the recent acceleration of input cost inflation is expected to have a negative impact on operating margins, I'm confident in our ability to take the necessary actions to mitigate this impact. I'll now review our operational and consolidated results for the fourth quarter of 2021 and full year 2021. The challenging environment in the U.S. the launch of our total Stationery sales in the market as well 2030.. Triple-Digit like-for-like growth in 2021, we continued to improve the learning conditions for children, which a... 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