This commitment to this innovative foundation will help transform the . 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. This ends the review of Q1 of 2022 consolidated results. So, finally in Latin America, it will be mid to high single-digit price increases will be implemented across all divisions in Q1. On the back of a strong Q1 2021, our e-commerce Stationery Business was soft, primarily with large pure players. And today, it represents about 7% of our total stationery sales in the first quarter. The dividend payment was 80.9 million and we bought back 39.2 million worth of shares in 2021. 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. Lighter market evolving in value term? This launch is planned for the spring. Our net cash position at the end of December 2021 . 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. In addition, it sells pantyhoses, batteries, and shaving preps; and advertising and promotional products. 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. EZ Reach is absolutely a runaway success. Building on 2021's momentum and the execution of the Horizon Plan, we expect full year 2022 net sales to grow between 7% and 9% at constant currencies. In addition to the ordinary dividend, we launched a 40 million share buyback program -- as in 2021 an ESG component will allow us to allocate funds to the Abdul Latif Jameel Poverty Action Lab and the BIC Corporate Foundation for Education. 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. 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. And if there is any, it shouldn't be material. What impact have you factored in your guidance for 2022 for those two items? Our Flame For Life results were a major achievement this quarter, despite a strong unfavorable comparable base. So I would say ahead of the game there. The third highlight is the continued progress in our sustainability journey. 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. Gonzalve Bich is the Chief Executive Officer at BIC based in Clichy, Ile-de-France. Our adjusted EBIT was a 101.9 million with a 19.8% margin. [Operator Instructions] And the first question comes from the line of Nicolas Langlet from BNP Paribas. Net income group share was 67.6 million as reported for Q1 of 2022 compared to 161.6 million for Q1 of 2021. The central tenet is the fight against climate change, and this is why many of our sustainability initiatives are geared towards reducing, our CO2 emission. And Nicolas if I can jump back. Let's now review our consolidated results, starting with the fourth quarter 2021, net sales evolution. So definitely, acquisitions some divestitures, but really leaning into growth is what my team Chad and I do day in and day out and are super, super laser-focused on. So that's what we'll see. Gonzalve Bich joined BIC Asia in 2003, where he developed the regional business for four years. Finally, we continued to improve the learning conditions for children, to help them succeed in their education. If we turn back the clock a little, it's important for us to remember that the first quarter of '22 performance was extremely strong. Vendu plus de 100 milliards d'exemplaires, il reste ce jour le stylo le plus vendu dans le monde. This ends the review of our 2021 consolidated results. It's a far reaching impacts across all facets of our business. Officer. And I will now hand it over to Gonzalve for the lighter questions. In our Flame For Life division, net sales were 718.5 million, up 20.3% at constant currencies. 2022, Depuis 1996, Challenges tablit chaque anne le classement des plus grandes fortunes professionnelles. My third question is concerning Rocketbook. 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. Check BackgroundGet Contact InfoThis Is Me - Edit 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. Gonzalve Bich is the CEO & Director at Socit BIC SA. Let me now review the adjusted EBIT margin change versus prior year for the first quarter of 2022. So the first one you asked about is about, price increases, and have we pass them all along? My second question is about your 100 million impact from raw material for the year. In e-commerce, we achieved double-digit to triple-digit growth in developing markets like, India and Brazil. Okay. We've totally changed our approach to innovation, new technology and partnerships in a way that's yielding tangible results and promising opportunity set. Cu hi thng gp (FAQ) v Bhad Bhabie Net Worth. In Stationery, we have low single-digit price increases planned in both office products and modern mass channels in the first half in Europe. Starting with our performance in Human Expression division. Third on Lighter, what is the current levels of inventory in the U.S. vis -a - vis China? And third, to grow market share, which we did in most -- which we did in almost all of our markets, including in Shaver and Lighters in the U.S. and Stationery in the U.K., France and Germany. Thank you again for your question and see you soon. Thank you for joining today's call. With a relentless focus on consumers, our Horizon strategy is well underway in yielding results. Inkbox's investments in growth will weigh between 50 and 80 basis points on 2022 adjusted EBIT margin. It has the type of margins that we're looking for. First, we will increase volumes, which will positively impact our fixed cost absorption. This is to ensure strong supply to our customers who asked to have inventories delivered earlier this year and to a lesser extent, input cost inflation, such as raw material, freight, and electricity. Je souhaite TOUT savoir de lactualit et je veux recevoir chaque alerte, Je ne souhaite plus recevoir de notifications, En images: ltonnante mare basse qui met les canaux de Venise sec, 100% si la personne a cr son entreprise. Currency fluctuations had a positive impact of 2.9 points excluding the foreign exchange impact from Argentina. We will continue to focus on operating cash flow with cautious inventory management to protect our supply and delivery. Adjusted earnings per share were 1.60 up 67% versus last year. This is the important proof point of our increased agility. Thank you, Gonzalve. Net sales for the full net sales were 515.7 million up 20.4% at constant currency. 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. Now, I'll provide a little color on each of these. And as we talk about the gross profit and the headwinds we talked about the volume. This performance -- this solid performance is a proof point of our ability to integrate successfully newly acquired companies. Gonzalve Bich has served as Chief Executive Officer of Societe BIC S.A. since May 2018. 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. Early life. Second, we will increase prices in stationery. Thank you. H2, very clear, will grow. Good morning, everyone. Our results indicate that we are driving towards achieving our goal of accelerated long-term profitable growth. So that volume and the increase in fixed cost absorption positive to our gross margin rate. Sign up in seconds, it's free! So as a reminder, [Operator Instructions] we have no further questions in the queue, so I will hand the call back to your host for some closing remarks. 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. Gonzalve BICH Thomas BRETTE Franois CLEMENT-GRANDCOURT Benoit MAROTTE Peter DALSBERG 13 February 2019 Presentation. So that's from the topline. We will start with the usual presentation and then open the floor to your questions. Let's now look forward to 2022. In Q1 of 2022, we invested 17.6 million in CapEx. Thank you. 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. Excluding 2020 under absorption of fixed cost due to the COVID-19 pandemic and Rocketbook, the gross profit margin decreased by 2.5 points. In North America, the Stationary market should be flat to slightly increasing, following vigorous growth in 2021. Developing markets such as Mexico, South Africa, and India, which were hit hard by the pandemic, recovered well with double to the triple-digit growth during the first quarter. We also pursued our strategy to lean towards more added value-driven growth. CapEx is expected to be around 100 million. The next question comes from the line of Marie Fort from Societe Generale. Welcome everyone and thank you for joining us this morning. Our balance sheet is purposefully strong because we believe that a sound financial situation is key in the current volatile environment. As we look at the 4 million of non-recurring items in Q1 of 2022, it was driven by 1 million of acquisition costs related to Inkbox announced in January of 2022, and 3 million related to impairment of our Ukraine operations. 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. We will sharpen our focus on consumer-centric innovations and drive commercial excellence even further. In short, our incremental focus on consumers is yielding results. Thanks Chad. Now, on the back of that, what -- what is H2 look like? Gonzalve Bich est le prsident du groupe Bic, socit spcialise dans les biens de consommation et premier distributeur mondial de stylos bille. However, we managed to successfully gain market share in premium ranges. 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. And we're on track to achieve our ambitious plastics commitments. labor shortages of last year. Adjusted EBIT margin for the division increased by 1.2 points, explained by favorable net sales leverage and favorable fixed cost absorption. On Slide 17, you can see the key elements of the summarized P&L results. For instance, fixed new intensity, color change pen, which transforms every day writing into a creative opportunity is launched in most geographies. Gonzalve Bich is the CEO & Director at Socit BIC SA. Thanks, [Indiscernible] for your question. We expect raw materials and freight costs to negatively impact 2022 gross margin. The increase in overall freight and distribution costs, was driven by the acceleration of customer demand. The continued success of EZ Reach and effective pricing actions. Gonzalve. On an as-reported basis, net sales for full year 2020 totaled 1.832 billion, up 12.5% versus last year. He served as Executive Vice President, Chief Operating Officer of BIC Group within the Company between January 2017 and May 2018. Et tombe en dcrpitude, au grand dam des habitants. Adjusted earnings per share were 4.29 up 21% versus last year. Net sales were 683.8 million, up 21.3% at constant currencies. We held PIMACO for a little bit over a decade, did really well did a lot of -- did what we needed it to do, while we held it in PIMACO -- when we held it in Brazil. Inkbox will contribute positively to gross profit. Net sales were 401.2 million, up 3.0% at constant currencies. Right now, though we're very focused also on building. Good afternoon. Marcel's grandson Gonzalve Bich has been CEO since 2018. Your question on Q4 margin I think was pretty well stated given that we didn't have pricing in Q4 etcetera. Their unique brand positioning offers tremendous growth opportunities and you should expect more initiatives from us in the near future. 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. Socit BicTypeSocit AnonymeNet income93.7 million (2020)Total assets2.1694 billion (2020)Total equity1.4564 billion (2020)OwnerBich family13 more rows Who is the CEO of BIC? In the first quarter, the Coloring segment performed well at 16% growth, net sales versus prior year, especially strong Mexico, Brazil, and South Africa. #9. 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. 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? You ended the year with 400 million of net cash and you did not distribute any extraordinary dividend. 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. 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. I have every confidence in our strategic choices and our ability to achieve our objectives, including sustainable returns to shareholders. This next slide shows the impact of input cost inflation on gross profit in 2021 and 2022 in millions of Euros. So those are how we respond there. Gonzalve was Consultant for Deloitte & Touche. He was Chief Operating Officer (COO), responsible for BIC Group Consumer . And we should continue to see the company do that. So we're not afraid of disposals. Gonzalve Bich Gonzalve Bich Published Oct 3, 2018 . And the last question is about Coloring. Our teams did a tremendous job during the back-to-school season in Brazil. Can you repeat them and tell us how much pricing will contribute to your 7% to 9% sales growth at constant currencies in 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. Gonzalve Bich, BIC's chief executive officer, said Inkbox's temporary tattoos and markers "empower individuals to be their continually-evolving, fluid selves." "Consumers today crave newness, desire creative freedom and embody authenticity," Bich said in a statement. Mais, depuis 2009, l'tablissement ne reoit plus de clients. In regards to the 100 million of impact for this year. And we'll continue to look to supporting our R&D as well as we look to long-term innovation. Wallmine is a radically better financial terminal. Gonzalve Bich is the CEO & Director at Socit BIC SA. We achieved this in 2021. Second, to grow in all regions. Perfect. So manufacturing efficiencies and procurement savings. 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. 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 we were able to reach high double-digit to triple-digit like-for-like growth in these important growth market. Thank you, Gonzalve. We achieved this in 2021, with notable performance in developing markets where we grew more than 60% overall. Thanks, Gonzalve. 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. EPS group share for Q1 2022 was 1.53 compared to 3.59 in Q1 2021. And we gained 50 basis points value share and consolidated our solid number one position with more than 57% market share. Now looking at our Blade Excellence division. BIC Shanghai Stationery Manufacturing Co. Ltd. Gonzalve Bich Net Worth Mr. Gonzalve Bich biography. However, these results are not an accident. Determination; in 2021, we demonstrated that we've evolved into an organization equipped to face adverse conditions through innovation and commercial excellence. So -- and it will also positively impact profitability okay? So very much a strong contributor to the total division in the mid-term and accretive to profit margins. And again, demonstrate not only our commitment to sustainability in our product design, but also bring that to consumers and show them that really takes this and puts it in their hand every day. Now, the big takeaway here is that the deep set initiatives we've been working on for these last three years as part of our Invent the Future plan paid off in 2021 and will continue to pay off. The Investor Relations team remains at your disposal to answer any follow-up questions. Welcome to BIC full year 2021 results conference call. Adjusted EBIT was 36.8 million, with a 5.4% margin. How much digits represent yourself in Q2, and all the margin in this category have progressing today. So that's how you can think about phasing from first half to second. Good morning, Nicolas. Your next question was about input cost headwinds, and how has it changed compared to what we sold since we spoke to you last? But we will be growing in all of the divisions. Mr Bich is 42, he's been the CEO & Director of Socit BIC SA since . When I reflect on the past 18 months, I see clearly the resilience and drive of our teams in re-imagining our future. Can we have an idea of how these impacts could be phased between H1 and H2, do you anticipate stronger impact in Q2, Q3, just to have an idea. I'll now review our operational and consolidated results for the fourth quarter of 2021 and full year 2021. On slide 19, we see the main elements in working capital. We confirmed our conviction that it's exciting. In Mexico the outstanding first-quarter performance of the market was driven by the return to in-person classes and preludes to a very good 2022 back-to-school. On that note, here's Chad who will now -- who will step in now to present our operational and consolidated financial results. We've reached close to 100% ACV and modern mass market channel and still have considerable opportunities in convenience stores. Gonzalve Bich 1mo Report this post I am proud to be part of the Epic Foundation Ambassador community. 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. 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. We talked about the launch of a subscription offer, which we're going to be doing, and more collaborations with artists. The second question on the margin overall. And lastly, we expect a continued rebound in India, which to date has been severely impacted by the pandemic. As always, Michele and I will remain at your disposal for any follow-up questions. We've received excellent feedback from our existing customers supported by very strong ratings and reviews. As I said, net sales for the full-year were 1.8 billion up 15.9% at constant currencies. [12] Yacht racing and sailing [ edit] Bich was a keen sailor. There are no executives at Socit BIC SA getting paid more. The increase in overall freight and distribution costs was driven by the acceleration of customer demand. Please disable your ad-blocker and refresh. Currently, we passed on approximately 20% in the first quarter. What is BIC net worth? So a strong first half of the year. 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. Full year 2021 Human Expression adjusted EBIT margin, decreased by 0.4 points. We also divested our label business in Brazil Pimaco, and sold our French headquarters. He moved on to serve as Group People Development Director before joining the Shaver Category as Group Shaver Marketing Director. With that in mind, let's take a look at a snapshot of our financial performance in 2021. 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. Thank you all for being with us this morning and we'll now open the floor to questions. So I've got three questions. 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). These robust results are important achievements for 2021, but more importantly they position us strongly against our competitors in 2022. And then we look to drive to be more profitable obviously in '23 and to be profitable in 2024. I'll now give the floor to Chad, who'll take us through our operational and financial performance in more detail. To ensure that our innovation funnel is filled with exciting new products, we also boosted our global innovation pipeline. Rocketbook contributed 3.7 points to our growth last year. As I said, acquisitions is a key pillar of Horizon. Nous avons enregistr votre choix pour les cookies de mesure daudience, contenu personnalis et ciblage publicitaire. This decline is mainly explained by 4.1 points of negative impact from raw material costs and sea and airfreight costs, which ended higher than we communicated last October. And good afternoon, everyone. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. In 2021 we invested 7.2 million, related to the HACO Industries, Djeep and Rocketbook acquisitions. We started doing so in September of last year. Read More. We launched innovative products with reduced environmental impact and continued to execute our Writing the Future Together commitments. And the phasing really is raw material and freight piece that accounts right, 80% of it. 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. Can you be a bit more specific? Brand support was higher by 1.0 points, as we continue to invest in our brands to support short and long-term growth. Can this include some disposals as well, or are you only talking about potential external growth? That was for Lighter. Thanks very much for your questions. Our sell-in performance was driven by strong results from premium products, such as the flex and solely ranges in Europe. What is the salary of Mr Bich? And in regards to price, Gonzalve gave quite a thorough breakdown. My name is Jess and I'll be your coordinator for today's event. 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. 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. Okay, okay. Since the launch of the plan, we acquired two fast-growing companies Rocketbook and Inkbox, in addition to Djeep bought in June of 2020. So this ends our call today. The Q1 gross profit margin increased by 0.2 points to 51.8% compared to 51.6% in Q1 of 2021. And a little under 24 months, we've assembled an outstanding management team. Our 2022 is off to a strong start, powered by the continued implementation of our Horizon strategy. 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. In Brazil and Mexico, we powered up highly effective back-to-school programs focused on the consumer. 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. And the last question, quick one on the U.S. Europe position for 2023, have you accelerated your [Indiscernible] given the current level of the exchange rate? On Slide 8, you can see the key elements of the summarized P&L results. The adjusted EBIT margin has been favorably impacted by 0.2 points from Rocketbook. To your question about the U.S. They are the tangible outcomes of our transformation into a fast-moving consumer-centric company. 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. BIC CEO details the $400 million market for temporary tattoos January 18, 2022, 1:54 PM BIC CEO Gonzalve Bich joins Yahoo Finance Live to discuss the stationary manufacturer entering the. Freight costs to negatively impact 2022 gross margin rate our consolidated results the! In CapEx our adjusted EBIT was 36.8 million, up 12.5 % versus last year des.! Ambassador community between January 2017 and May 2018, including sustainable returns to shareholders about the volume as-reported basis net. 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