The company also provides pocket, utility, decorated, non-decorated classic, electronic, and multipurpose lighters. Vendu plus de 100 milliards d'exemplaires, il reste ce jour le stylo le plus vendu dans le monde. Our net cash position at the end of December 2021 was 400.1 million. On an as reported basis, net sales for the first nine months of 2021 totalled 1.395. And we could potentially have some new product announcements that Nicolas talked about or asked about a second ago, that would fuel 2023 and might even have a pipeline in December. 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. And the third question -- the fifth, but I'll call my third question, is the U.S. -- Euro hedging. Et tombe en dcrpitude, au grand dam des habitants. Our balance sheet is purposefully strong because we believe that a sound financial situation is key in the current volatile environment. Net sales were 168.3. The continued success of EZ Reach and effective pricing actions. Que se passe-t-il vraiment? Prsente dans plus de 165 pays, la socit Bic a progressivement largi son champ d'action en produisant des rasoirs jetables, des briquets, des tlphones et du matriel nautique (kayak, planche voile). In Latin America, we performed strongly in Brazil, driven by the continued demand for smoking and nonsmoking usages, helped by high barriers for import lighters, as well as successful price increases implementations. Bruno's net worth hovers over $100,000 - $249,999 with a yearly income that's about $100 - 149,999. 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. As Gonzalve mentioned earlier, we successfully reached our Invent the Future plan operational and financial targets one year ahead of when we committed to. It has been favorably impacted by +6.3 points from operating leverage, from net sales growth. The perimeter impact adjustments include mainly the acquisition of Inkbox, partially offset by the Pimaco divestiture. 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. Devel. Thank you for joining today's call. Next question comes from the line of Marie Fort from Societe Generale. 2021 was year one, of our virgin plastics reduction road map. Net income group share was 314.2 million as reported for 2021, compared to 93.7 million for 2020. Let's now review our consolidated results, starting with the fourth quarter 2021, net sales evolution. 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. This increase was driven by the strategic inventory we said we would invest in, and an increase in stationery inventories ahead of the 2022 back-to-school, sell-in which our customers have asked for earlier delivery given the uncertainty of global supply chain constraints and delivery issues. It has the type of margins that we're looking for. This next slide shows the impact of input cost inflation on gross profit in 2021 in millions of euros. To ensure that our innovation funnel is filled with exciting new products, we also boosted our global innovation pipeline. The next question comes from the line of Charles Scotti from Kepler. In Latin America, we expect an overall increase in both Stationery and Shaver with a rebound anticipated in Brazil and Mexico notably in Stationery. This is a tremendous performance boosted by the groundbreaking Snoop and Martha advertising campaign, which clearly resonated with consumers. Hello, everyone. Let's now look forward to 2022. This next slide shows the impact of input cost inflation on gross profit in 2021 and 2022 in millions of Euros. In the US, we gained 1.2 points market share in Lighters, leaning towards a more added value-driven model with products like EZ Reach. Gonzalve Bich Net Worth Mr. Gonzalve Bich biography. I'll begin by reviewing the net sales results for the first nine months of 2021. So this ends our call today. Gonzalve Bich joined BIC Asia in 2003, where he developed the regional business for four years. I'm so glad that we did because today we have an ability to really look at global pricing corridors and understanding the different inputs and outputs much more finally, than we didn't. Currency fluctuations had a positive impact of 2.9 points excluding the foreign exchange impact from Argentina. Is this happening to you frequently? We had those in sell out in the market as well. Let me now review the adjusted EBIT margin change versus prior year for the fourth quarter of 2021. 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. So I want a comeback because last year they launched six products in the year to broaden the range. The increase in overall freight and distribution costs was driven by the acceleration of customer demand. In Europe, we will implement a mid single-digit price increase across all channels starting in March. Now, to your point, we'll also grow in Human Expression. Rocketbook. Moreover, we continue to grow and gain two points of market share and coloring a key strategic segment for us. Can this include some disposals as well, or are you only talking about potential external growth? We achieved this in 2021, with notable performance in developing markets where we grew more than 60% overall. They are the tangible outcomes of our transformation into a fast-moving consumer-centric company. 03/02/1979, Secteur On an as-reported basis, net sales for Q1 2022 totaled 515.7 million up 25.5% versus last year. The Investor Relations team remains at your disposal to answer any follow-up questions. 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. [12] Yacht racing and sailing [ edit] Bich was a keen sailor. My name is Jess, and I'll be your coordinator for today's events. We started 2022 with strong momentum. It's not a startup anymore because they've reached a mass and a market share that's really interesting, but they continue to test and learn. 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. Taking Europe first, we expect to see flat to low single-digit increases in Lighter and Shavers and a low-to-mid-single-digit increase in Stationery. With a relentless focus on consumers, our Horizon strategy is well underway in yielding results. When I reflect on the past 18 months, I see clearly the resilience and drive of our teams in re-imagining our future. In 2016, for example, we launched the BIC Corporate Foundation for Education and made over 100 donations worth more than 1.5 million. Today, EZ reach is almost at 6% market share. 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. Thank you. Lighter market. We will continue to focus on operating cash flow with cautious inventory management to protect our supply and delivery. EPS group share for Q1 2022 was 1.53 compared to 3.59 in Q1 2021. Our Flame For Life results were a major achievement this quarter, despite a strong unfavorable comparable base. Full year 2021 Flame For Life adjusted EBIT margin improved by 2.6 points fueled by the strong increase in net sales, partially offset by higher brand support and higher freight and distribution costs. And as Gonzalve mentioned that could have -- that will have an anticipated 50 to 80 basis points negative impact on our margins in 2022. Our adjusted EBIT was a 101.9 million with a 19.8% margin. Gonzalve BICH Thomas BRETTE Franois CLEMENT-GRANDCOURT Benoit MAROTTE Peter DALSBERG 13 February 2019 Presentation. First, we will increase volumes, which will positively impact our fixed cost absorption. 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? And you shouldn't -- that would not be something we'd anticipate in the future at those rates. Gonzalve Bich is the CEO & Director at Socit BIC SA. 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 are the price adjustment expected to fully offset those two headwinds? And as a reminder, our Q1 results will be released on 25th of April and our next AGM will be held on May 18. Socit BIC SA manufactures and sells stationery, lighter, shaver, and other products in Europe, North and Latin America, the Middle East and Africa, the Oceania, and Asia. Adjusted net income group share for Q1 2022 was 71.0 million compared to 43.0 million last year for the same period. From a mid-term perspective I think that we could think about BIC Blade-Tech accounting for between one-fourth and one-third of total Blade Excellence sales. Thank you and good morning everyone. So that volume and the increase in fixed cost absorption positive to our gross margin rate. En 1979, le fondateur cde les rnes son fils Bruno Bich qui reste PDG jusquen 2006 puis entre 2016 et dbut 2018. And so we divested it and it's on to a future that it has. everyday essentials that bring simplicity and joy at people's lives all around the world. He served as Executive Vice President, Chief Operating Officer of BIC Group within the Company between January 2017 and May 2018. 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. Trade and other payables were 149 million at the end of 2021. 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. FX translation impact Argentina** Q4 2018 Net Sales +5.4%-1.8% Q4 2018 497.4 511.0 Just the first one which was the visibility on Lighter and shave in the second quarter. The U.S. was the main growth driver contributing to 37% of the net sales growth on a like-for-like basis. Perfect. For the duration of the call, your lines will be on listen-only. Can you repeat them and tell us how much pricing will contribute to your 7% to 9% sales growth at constant currencies in 2022? We currently have no questions in queue. 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. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. Now, I'll provide a little color on each of these. No, that's fine. Turning to blade excellences, adjusted EBIT margin, it increased by 9.7 points driven by net sales leverage, favorable fixed cost absorption, as well as the positive contribution from BIC Blade-Tech B2B business. Mais, depuis 2009, l'tablissement ne reoit plus de clients. While meeting our Invent the Future targets was challenging, this helped us to better weather the impacts of COVID-19 on our business. We had stimulus payments in December of 2020 and then in January of '21, and in March of 21, all which had impact in discretionary spending especially in certain channels. And if there is any, it shouldn't be material. Let me now review the adjusted EBIT margin change versus prior year for the first quarter of 2022. 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. Gonzalve Marie Leon Bich. First question is on the phasing for 2022. It's going to happen across all the quarters. Vous vous tes inscrit pour recevoir lactualit en direct, quest-ce qui vous intresse? In our Flame For Life division, net sales were 718.5 million, up 20.3% at constant currencies. And if you go to the website, you dig around, you're going to find a lot of different things. There are 2 older and no younger executives at Socit BIC SA. 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. Chad will take us through the financial performance in more detail a bit later. Since the launch of the plan, we acquired two fast-growing companies Rocketbook and Inkbox, in addition to Djeep bought in June of 2020. Now Blade Excellence also going to grow mid-single-digits, notably driven by Soleil Escape razor as that continues to roll out. Gonzalve Bich is the CEO & Director at Socit BIC SA. Gonzalve Bich Gonzalve Bich Published Oct 3, 2018 . 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. Thank you again for your question and see you soon. Full year 2021 Human Expression adjusted EBIT margin, decreased by 0.4 points. 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. 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. The adjusted EBIT margin has been favorably impacted by positive 4.6 points from operating leverage from net sales growth. Gonzalve was Consultant for Deloitte & Touche. Mr Bich is 42, he's been the CEO & Director of Socit BIC SA since . The second half will be on the low end of our net sales range. 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. In 2012, he was named Deputy General Manager, responsible . The Q1 gross profit margin increased by 0.2 points to 51.8% compared to 51.6% in Q1 of 2021. This next slide summarizes the evolution of our net cash position between December of 2021 and March 2022. The oldest executive at Socit BIC SA is Sara A. LaPorta, 60, who is the Chief Strategy & Bus. Thank you. If anything, I think that they're an interesting way to create dynamism in a portfolio. L'ONG Oxfam accuse les milliardaires (et notamment 10 Franais parmi eux) d'avoir profit de la crise du Covid pour s'enrichir. 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. 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. En mai 2018, il cde sa place son fils Gonzalve, devenu directeur gnral. Which I will tackle in a second. Our growth was outstanding at plus 15.9% net sales at constant currencies compared to initial expectations of 5% to 7%. Mr Bich is 42, he's been the CEO & Director of Socit BIC SA since . Adjusted EPS group share for Q1 2022 increased by 67% to 1.60 compared to 0.96 last year. Gonzalve Bich has served as Chief Executive Officer of Societe BIC S.A. since May 2018. For the duration of the call, your lines will be on listen-only. Please go ahead. Our 2022 is off to a strong start, powered by the continued implementation of our Horizon strategy. Please. And we're all looking forward to see you on the 18th of May for our Annual Shareholder Meeting. g***@bicworld.com. Engage via Email. In 2022, as we pursue our transformation towards a more agile organization, we're confident to continue in this direction and we are planning additional savings which will help mitigate headwinds. As we make progress in our Horizon transformation journey, 26% of Human Expression net sales came from creative and digital expression segments. In less than 24 months, they transformed their market approach. We've reached close to 100% ACV and modern mass market channel and still have considerable opportunities in convenience stores. Gonzalve Bich's Phone Number and Email. In Lighters we expect the market to decrease low-to-mid-single digits following a very strong performance in 2021. The increase in raw material, freight and distribution costs more than offset the positive impacts from net sales growth and manufacturing efficiencies. The full year gross profit margin increased by 2.7 points at 50.8% for 2021, compared to 48.1% in 2020. But when you listed the price hikes that you intend to pass through in 2022, the line was not great. 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. En 1945, la socit PPA (Porte-plume,. Gonzalve Bich is the CEO & Director at Socit BIC SA. How do you see the profile for Q2 for Lighter and Shavers? And if you go back a few years prior to that we also disposed of BIC Sport. Very clear. Our Human Expression division provides a notable example of solid commercial execution this quarter. I'd also mention the outstanding execution of our e-commerce teams worldwide, particularly in developing countries where sales growth was more than 60%. Excluding 2020 under absorption of fixed cost due to the COVID-19 pandemic and Rocketbook, the gross profit margin decreased by 2.5 points. Updating coloring. Thank you, and have a good day. Ce quadragnaire, petit-fils du fondateur, dtient avec sa famille 46,3% du fabricant de stylos, papeterie, briquets et rasoirs (CA: 1,8milliard), qui sest fix de nouveaux objectifs de dveloppement durable. 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. Full year 2021 Blade Excellence adjusted EBIT margin improved 1.9 points, thanks to manufacturing and raw material efficiencies and more efficient brand support, notably in the US where we successfully chose to improve the balance between promotional support visibility and profitability. Our net cash position at the end of December 2021 . The second question on the margin overall. The disposable Shaver market will continue to be challenging with the anticipation of several new competitor product launches. Inkbox's investments in growth will weigh between 50 and 80 basis points on 2022 adjusted EBIT margin. On an as-reported basis, net sales for full year 2020 totaled 1.832 billion, up 12.5% versus last year. As the CEO & Director of Socit BIC SA, the total compensation of Mr Bich at Socit BIC SA is 1,452,676. The company also provides pocket, utility, decorated, non-decorated classic, electronic, and multipurpose lighters. 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. Net income group share was 67.6 million as reported for Q1 of 2022 compared to 161.6 million for Q1 of 2021. We expect mid to single-digit organic growth driven by higher volumes, new product launches and pricing. On slide 19, we see the main elements in working capital. 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. Walking the talk of corporate purpose and long-term sustainability is important for all companies today and at BIC that's not new. And finally on the Blade-Tech B2B business on Shaver what contribution are you expecting from that initiative in 2022? Third on Lighter, what is the current levels of inventory in the U.S. vis -a - vis China? Thank you. We bought back 13.1 million worth of shares in the first-quarter of 2022. Your next question was about input cost headwinds, and how has it changed compared to what we sold since we spoke to you last? In line with our Horizon Plan Capital Allocation Policy, the Board will propose a 2.15 per share ordinary dividend at the next Annual General Meeting for a payout ratio of 50% and an increase of 19.4% compared to 2021. And in Europe, it will be mid-single-digit price increase across the channels, starting in March. We're not seen any material volume elasticity to date. As I said, acquisitions is a key pillar of Horizon. Brand support and operating and other expenses were higher by respective 0.9 points and 1.2 points, mainly driven by the net sales rebound versus last year. We can now more rapidly respond to shifting consumer trends and the evermore challenging macroeconomic environment. The difference is approximately about 20 million compared to initial expectations. In regards to the 100 million of impact for this year. So here we are, and so are the results. As I said in my introduction, Rocketbook performance was outstanding, with a 55% growth rate in 2021. Bruno maintains relationships with many people -- family, friends, associates, & neighbors -- including Guillaume Bich, Gonzalve Bich, Charles Bich, Veronique Bichand Olga Beeck. Net sales performance was driven by U.S. lighters outstanding results. On that note, here's Chad who will now -- who will step in now to present our operational and consolidated financial results. Le directeur gnral, Gonzalve, et le prsident, son pre, Bruno, contrlent 44 % du n 1 mondial (CA : 1,9 milliard) des biens de consommation : stylos, rasoirs, briquets. Socit BIC SA executives and other stock owners filed with the SEC include: Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens. This improvement is mainly driven by the strong increase in North America lighter sales, price increases and a favorable fixed cost absorption. The swift response and proactive actions taken meant we could manage almost all of these issues. The second point is our resilience to external headwinds. Another question is about your margin. Finally, in line with our horizon goals, added value lighters represented 38.6% of total Flame For Life net sales in Q1. What is the salary of Mr Bich? We're going to have solid growth in Lighters with strong demand from our customers in the US resulting from some delayed shipments at the end of Q4 we talked about this in October potentially and some prebuys ahead of the 2022 price increases. 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. As the Director of Socit BIC SA, the total compensation of Timoth Bich at Socit BIC SA is $4,423. Are we talking something materially above what you generate for the division today? And second question, still on M&A and disposals. Determination; in 2021, we demonstrated that we've evolved into an organization equipped to face adverse conditions through innovation and commercial excellence. Our goal is to mitigate their impact on our P&L as much as possible and to protect our margins, and we have action plans. While remaining committed to our mission, providing everyday essentials that bring simplicity and joy at people's lives all around the world. Good pipeline of new products and new projects to animate 2022. We will sharpen our focus on consumer-centric innovations and drive commercial excellence even further.

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