Career. I'll now review our operational and consolidated results for the first quarter of 2022, starting with our performance in Human Expression division. And then as I mentioned before in Nicolas question, some of the electricity in. I will now hand over to your host Sophie Palliez to begin today's call. Rocketbook contributed 3.7 points to our growth last year. Thank you. On an as reported basis, net sales for the first nine months of 2021 totalled 1.395. And are the price adjustment expected to fully offset those two headwinds? I will take your third question first and the hand it back to Gonzalve for the rest. Thanks for your question on BIC Blade-Tech, which I'm super excited about. Thank you. Perfect. 03/02/1979, Secteur Last updated: 1 March 2023 at 11:00am EST. Before moving to a rapid overview of our financial KPIs, I'd like to say a word on the recent acquisition of Inkbox, the leading brand of high-quality semi-permanent tattoos. You may now disconnect your lines. Thank you again for your question and see you soon. Let me now review the adjusted EBIT margin change versus prior year for the fourth quarter of 2021. Lighters should decrease low-to-single digit. And although Tyler and Braden kind of did that for us, but we're going to take it to a totally different level with those two gentlemen. Bruno's net worth hovers over $100,000 - $249,999 with a yearly income that's about $100 - 149,999. Their unique brand positioning offers tremendous growth opportunities and you should expect more initiatives from us in the near future. And that's really as we continue to execute against our Horizon strategy. Adjusted EBIT was 36.8 million, with a 5.4% margin. We've accelerated our path to sustainability with dozens of innovative moves and products with environmental benefits, ready to be launched. And the things I think about are Coloring with the relaunch of the intensity felt pen range, in some key markets, EZ Reach continued success, as well as the launch of BIC Ecolutions, Shaver line, more broadly in Europe, which is the Lighter with sustainability benefits, BIC Blade-Tech will continue to ramp up and you should see that happening over time, as we deliver more and more to customers. Officer. 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. Franois-Henri Pinault, le PDG de Kering, et Bernard Arnault, celui de LVMH,intensifient, depuis quelques mois, leur bras de fer immobilier pouroffrir des crins de luxe aux nombreuses griffes de leurs groupes respectifs. From 2008 to 2012, he headed the Northern European business. On an as-reported basis, net sales for full year 2020 totaled 1.832 billion, up 12.5% versus last year. 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. We've totally changed our approach to innovation, new technology and partnerships in a way that's yielding tangible results and promising opportunity set. L'ONG Oxfam accuse les milliardaires (et notamment 10 Franais parmi eux) d'avoir profit de la crise du Covid pour s'enrichir. Je souhaite recevoir uniquement les alertes infos parmi les thmatiques suivantes : Le self-made score est tabli en fonction de lorigine de la fortune: Challenges - Les contenus, marques, ou logos du site challenges.fr sont soumis la protection de la proprit intellectuelle. 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. Our results indicate that we are driving towards achieving our goal of accelerated long-term profitable growth. The next question comes from the line of Charles Scotti from Kepler. Please disable your ad-blocker and refresh. Our consistent with our Horizon Plan, we successfully executed our RGM strategy, which is key in an inflationary market. And then in addition to that we also have other savings that we're going to be getting on top of our Invent the Future right? Gonzalve served as General Manager, Northern Europe and General Manager, Developing Markets for Bic. And on those price increases, have you noticed any [Indiscernible]? And it kind of answers your second question which is, yes you should see us continue to do bolt-ons where they make sense. He served as Executive Vice President, Chief Operating Officer of BIC Group within the Company between January 2017 and May 2018. 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. Gonzalve Bich Net Worth Mr. Gonzalve Bich biography. Now, before I give the floor to Chad, I want to say a word about our Invent the Future plan. FULL YEAR 2018 RESULTS Gonzalve BICH Jim DIPIETRO. Et Marine Tondelier (EELV) veut une France sans milliardaires. 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 will sharpen our focus on consumer-centric innovations and drive commercial excellence even further. What Is Bhad Bhabie's Net Worth? The next question comes from the line of Marie Fort from Societe Generale. In our Flame For Life division, net sales were 718.5 million, up 20.3% at constant currencies. 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 the innovation front, our investments in consumer centricity are driving success for new products. Le monde est-il entr en guerre contre les riches? I'll begin by reviewing the net sales results for the first nine months of 2021. Adjusted EPS group share for Q1 2022 increased by 67% to 1.60 compared to 0.96 last year. This ends our presentation for today, and we're now ready to answer your questions. And finally, well the line was not great, I don't know if it was from my side or on your side. What is the salary of Mr Bich? Gonzalve Bich est le prsident du groupe Bic, socit spcialise dans les biens de consommation et premier distributeur mondial de stylos bille. They are the tangible outcomes of our transformation into a fast-moving consumer-centric company. 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. 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. To your question about the U.S. This improvement is mainly driven by the strong increase in North America lighter sales, price increases and a favorable fixed cost absorption. Which I will tackle in a second. This also demonstrated that our all flame occasion strategy is relevant and can sustain growth in lighter. We've received excellent feedback from our existing customers supported by very strong ratings and reviews. However, there will be the opportunity to ask questions. Yes. 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. In 2021, we committed to reaching 100% renewable electricity in 2025 and we are fully confident to reach this target. View FREE Public Profile & Reputation for Gonzalve Bich in Westport, CT - See Court Records | Photos | Address, Emails & Phone Number | Personal Review | Income & Net Worth So we're definitely not afraid. Thanks, [Indiscernible] for your question. The disposable Shaver market will continue to be challenging with the anticipation of several new competitor product launches. And I will now hand it over to Gonzalve for the lighter questions. Check BackgroundGet Contact InfoThis Is Me - Edit However, there will be the opportunity to ask questions. Devel. 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 the phasing really is raw material and freight piece that accounts right, 80% of it. And good afternoon, everyone. The perimeter impact adjustments are mainly driven by the acquisitions of Rocketbook 3.4 points, partially offset by the Pimaco divestiture and Asian business closures. This is a tremendous performance boosted by the groundbreaking Snoop and Martha advertising campaign, which clearly resonated with consumers. 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). 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. Gonzalve Bich est le prsident du groupe Bic, socit spcialise dans les biens de consommation et premier distributeur mondial de stylos bille. Lighter market evolving in value term? 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. 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. Just one -- first question is how do you anticipate the phasing of your turnover in 2022 particularly given the high basis comps during the first half? 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. 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). You may now disconnect your lines. I'll take the first two, which are really growth related. You've added a question. We talked about the launch of a subscription offer, which we're going to be doing, and more collaborations with artists. And Nicolas if I can jump back. Good afternoon. And we're evaluating plans to increase capacities to answer, increasing demand. The increase in overall freight and distribution costs was driven by the acceleration of customer demand. To achieve this double-digit online growth, we need three things. 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. 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. Finally, leveraging what we've learned and achieved in our Invent the Future plan, we expect to generate an additional 15 million of annualized savings from further procurement initiatives and manufacturing efficiencies. As I said, net sales for the full-year were 1.8 billion up 15.9% at constant currencies. And a little under 24 months, we've assembled an outstanding management team. Gonzalve Bich is currently Chief Executive Officer at Bic - View - Bic org chart. 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, Stocks and cryptocurrency portfolio tracker. What is the salary of Mr Bich? He served as Executive Vice President, Chief Operating Officer of BIC Group within the Company between January 2017 and May 2018. Net sales were 401.2 million, up 3.0% at constant currencies. Vous vous tes inscrit pour recevoir lactualit en direct, quest-ce qui vous intresse? 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. Brand support was higher by 1.0 points, as we continue to invest in our brands to support short and long-term growth. However, these results are not an accident. Gonzalve Bich joined BIC Asia in 2003, where he developed the regional business for four years. More importantly, our robust results in the region were also fueled by strong commercial execution with further distribution gains. The second question on the margin overall. Do I think that there could be further touch up in Q2? Mais, depuis 2009, l'tablissement ne reoit plus de clients. However, these results are not an accident. In 2012, he was named Deputy General Manager, responsible . We expect a very strong first half of the year so it will be above -- in the high end of the 7% to 9% range that Gonzalve gave on the organic sales. increases that we've seen in Q1 will start to hit us in Q4. Gonzalve Bich 1mo Report this post I am proud to be part of the Epic Foundation Ambassador community. In North America, the Stationary market should be flat to slightly increasing, following vigorous growth in 2021. With this in mind, let's take a look at a snapshot of our financial performance in the first quarter of 2022. When we announced the acquisition two months ago, not even two months ago. How do we increase our revenue for SKU pricing? The oldest executive at Socit BIC SA is Sara A. LaPorta, 60, who is the Chief Strategy & Bus. 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. So we will see the remainder of them happening throughout the rest of the year. We also pursued our strategy to lean towards more added value-driven growth. It markets its products primarily under the BIC, BIC Kids, Cello, Lucky, RocketBook, Tipp-Ex, BIC Wite-Out, DJEEP, BIC Soleil, Us, MADE FOR YOU, BIC Evolution, and BodyMark brands through a range of channels, including retail mass-market distributors, traditional stores, and office product stationers, as well as an e-commerce site. There are 10 executives at Socit BIC SA getting paid more, with Gonzalve Bich having the highest compensation of $1,648,089. 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. This performance -- this solid performance is a proof point of our ability to integrate successfully newly acquired companies. Inkbox will contribute positively to gross profit. So we're not planning significant increases in unallocated costs is a way to think about it. 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. This is the important proof point of our increased agility. This was mainly due to the decline of the US dollar and the Brazilian real against the euro. This next slide summarizes the evolution of our net cash position between December 2020 and December of 2021. In 2021, we reached more than 40 million children around the world. The company also provides pocket, utility, decorated, non-decorated classic, electronic, and multipurpose lighters. Lighter industry. 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? Now, I'll provide a little color on each of these. The Q1 gross profit margin increased by 0.2 points to 51.8% compared to 51.6% in Q1 of 2021. Thank you. Yeah. As I said in my introduction, Rocketbook performance was outstanding, with a 55% growth rate in 2021. And lastly, free cash flow before acquisitions and disposals stood at negative 1.9 million, negatively impacted by 2022 back-to-school inventory bills. On an as-reported basis, net sales for Q1 2022 totaled 515.7 million up 25.5% versus last year. In the U.S. the launch of our new razor Soleil Escape was a success and contributed to growth. I will now hand over to your host, Sophie Palliez, to begin today's call. Gonzalve? 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. 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. Full year 2021 Human Expression adjusted EBIT margin, decreased by 0.4 points. Adjusted EBIT was 270.2 million with a 37.6% margin. In short, our incremental focus on consumers is yielding results. Net sales performance was driven by U.S. lighters outstanding results. FX translation impact Argentina** Q4 2018 Net Sales +5.4%-1.8% Q4 2018 497.4 511.0 Et 200 grandes fortunes rclament une taxation accrue. For the duration of the call, your lines will be on listen-only. So I've got three questions. CapEx is expected to be around 100 million. The dividend payment was 80.9 million and we bought back 39.2 million worth of shares in 2021. All rights reserved. And of course, the continued ramp up of our B2B business Bic Blade-Tech. 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. Net sales for the full net sales were 515.7 million up 20.4% at constant currency. On Slide 8, you can see the key elements of the summarized P&L results. 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. Entre Pinault (Kering) et Arnault (LVMH), l'trange Monopoly parisien. Moving from a pure customer-driven to a 360 consumer - centric strategy, which will continue to bear fruit and support short-term and long-term growth in this important market for us. 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. Dragging a lot of changes, which we'll see in the back end of the year on our -- from our cost perspective. Create your alert. And we were able to reach high double-digit to triple-digit like-for-like growth in these important growth market. As we continue to ramp up sales to the different customer sets. And when we disposed of PIMACO last year that was a perfect example. What impact have you factored in your guidance for 2022 for those two items? 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. How much digits represent yourself in Q2, and all the margin in this category have progressing today. Net sales were 168.3. The U.S. was the main growth driver contributing to 37% of the net sales growth on a like-for-like basis. Marcel's grandson Gonzalve Bich has been CEO since 2018. You should expect us to continue to actively manage our portfolio, to increase our exposure to fast-growing businesses in fast-growing countries. On the back of a strong Q1 2021, our e-commerce Stationery Business was soft, primarily with large pure players. 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. And our net cash position at the end of March of 2022 was 340.1 million. So if we can have an idea it would be helpful. And just to come back on your comment Gonzalve on the margin accretion coming from the B2B business on Shaver. Please disable your ad-blocker and refresh. Inventories ended the period at 490 million. 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. My name is Jess, and I'll be your coordinator for today's events. And the last question is about Coloring. Do you see there is a catch-up essentially in Q2 or has it been done in Q1? In regards to the 100 million of impact for this year. Bhad Bhabie has a net worth of about $20 million. We bought back 13.1 million worth of shares in the first-quarter of 2022. So I want a comeback because last year they launched six products in the year to broaden the range. Our hearts go out to everyone affected. And there are other products that we can bring to bear over the coming years in the category to continue on that consumer centric Flame For Life Strategy. And finally, in Latin America, mid to high single-digit price increases will be implemented in the first quarter across all divisions. Our 2022 is off to a strong start, powered by the continued implementation of our Horizon strategy. I've got three questions from my side. In addition, it sells pantyhoses, batteries, and shaving preps; and advertising and promotional products. In Stationery, we have low single-digit price increases planned in both office products and modern mass channels in the first half in Europe. The first one the raw material and freight costs. 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. Gonzalve Bich's Phone Number and Email. So you mentioned the minus 8 million and minus 13 million for 2021. Walking the talk of corporate purpose and long-term sustainability is important for all companies today and at BIC that's not new. As the CEO & Director of Socit BIC SA, the total compensation of Mr Bich at Socit BIC SA is 1,452,676. (Indexes sur le cours de la bourse). It has the type of margins that we're looking for. On slide 19, we see the main elements in working capital. Gonzalve Bich - Chief Executive Officer. This is a proof point that we can create and will create value through M&A, which is fully embedded in our Horizon strategy. For instance, fixed new intensity, color change pen, which transforms every day writing into a creative opportunity is launched in most geographies. Please go ahead. 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. Gonzalve BICH Thomas BRETTE Franois CLEMENT-GRANDCOURT Benoit MAROTTE Peter DALSBERG 13 February 2019 Presentation. 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. Gonzalve Bich has served as Chief Executive Officer of Societe BIC S.A. since May 2018. 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. 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. Please. He was Chief Operating Officer (COO), responsible for BIC Group Consumer . With that in mind, let's take a look at a snapshot of our financial performance in 2021. I'll now review our operational and consolidated results for the fourth quarter of 2021 and full year 2021. Sign up in seconds, it's free! Your next question was about input cost headwinds, and how has it changed compared to what we sold since we spoke to you last? When I reflect on the past 18 months, I see clearly the resilience and drive of our teams in re-imagining our future. On that note, here's Chad who will now -- who will step in now to present our operational and consolidated financial results. 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. So I'm guardedly optimistic about the perspective for the future. 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. The adjusted EBIT margin has been favorably impacted by 0.3 points from operating leverage from net sales growth. 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. These robust results are important achievements for 2021, but more importantly they position us strongly against our competitors in 2022. The first one in terms of price adjustment. Gonzalve Bich Net Worth Mr. Gonzalve Bich biography. The second half will be on the low end of our net sales range. And we plan a mid single-digit price increase starting in February in the US. What is the salary of Timoth Bich? Super exciting 2021, 55% growth. EPS group share for Q1 2022 was 1.53 compared to 3.59 in Q1 2021. We currently have no questions in queue. So do you plan to strengthen the deal firm? The adjusted EBIT margin has been favorably impacted by positive 4.6 points from operating leverage from net sales growth. 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. Vincent Bollor possde un htel avec vue sur la mer dans la commune littorale de Fouesnant (Finistre). 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. But when you listed the price hikes that you intend to pass through in 2022, the line was not great. #9, Position dans le secteur industrie [2] He was succeeded by his son, Bruno, who served as chairman for 25 years, 15 of which also as CEO. 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. First, to grow in all markets. Mr Bich is 42, he's been the CEO & Director of Socit BIC SA since . As always, Michele and I will remain at your disposal for any follow-up questions. And we maintain our target of over 200 million of free cash flow. And do you expect to fully offset that -- to fully offset that increase through the adjustment you mentioned before? Engage via Email. And the third is growth. There are no executives at Socit BIC SA getting paid more. No, that's fine. 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. With a relentless focus on consumers, our Horizon strategy is well underway in yielding results. Finally, as Gonzalve mentioned, BIC Blade-Tech successfully contributed to approximately 30% of the division's growth. So -- and it will also positively impact profitability okay? Thank you, Sophie. Trade and other payables were 149 million at the end of 2021. Net income group share was 67.6 million as reported for Q1 of 2022 compared to 161.6 million for Q1 of 2021. However, we managed to successfully gain market share in premium ranges. In addition, to our successful core products added value items such as, EZ Reach and Djeep will continue to grow and we plan to launch new decorated additions for both products this year.
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