However, there will be the opportunity to ask questions. In 2012, he was named Deputy General Manager, responsible . But when you listed the price hikes that you intend to pass through in 2022, the line was not great. Net finance revenue was negative 2.6 million compared to a positive 0.8 million for the same period in 2021. Et 200 grandes fortunes rclament une taxation accrue. 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. 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. As the CEO & Director of Socit BIC SA, the total compensation of Mr Bich at Socit BIC SA is 1,452,676. Gonzalve Bich Net Worth Mr. Gonzalve Bich biography. I'd also mention the outstanding execution of our e-commerce teams worldwide, particularly in developing countries where sales growth was more than 60%. It's going to happen across all the quarters. There are 2 older and no younger executives at Socit BIC SA. Which I will tackle in a second. Gonzalve received a Bachelor of Arts degree from Harvard Unive rsity. 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. 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. Our three divisions experienced double-digit growth across nearly all regions, encouraging news for overall performance in 2022. industrie, Entreprise And the drop on Gorillas, I think was last week or the week before. We launched innovative products with reduced environmental impact and continued to execute our Writing the Future Together commitments. 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. Gonzalve Bich Net Worth Mr. Gonzalve Bich biography. I'll now give the floor to Chad, who'll take us through our operational and financial performance in more detail. This next slide summarizes the evolution of our net cash position between December of 2021 and March 2022. Read More. Many thanks. So I would say ahead of the game there. increases that we've seen in Q1 will start to hit us in Q4. Adjusted earnings per share were 1.60 up 67% versus last year. 2021 was year one, of our virgin plastics reduction road map. 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 want to thank you for joining us today to discuss our company's first quarter 2022 results and 2022 outlook. I'll take the first two, which are really growth related. Excluding 2020 under absorption of fixed cost due to the COVID-19 pandemic and Rocketbook, the gross profit margin variance was flat versus last year. What is the salary of Timoth Bich? And when we disposed of PIMACO last year that was a perfect example. 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. Adjusted EBIT was 36.8 million, with a 5.4% margin. Thank you and good morning everyone. The first one in terms of price adjustment. 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. My second question is about your 100 million impact from raw material for the year. Cu hi thng gp (FAQ) v Bhad Bhabie Net Worth. Yes, I can't even read my own handwriting. 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. I have every confidence in our strategic choices and our ability to achieve our objectives, including sustainable returns to shareholders. With determination and passion, they focused and delivered on what they could control to mitigate headwinds, while staying agile in our reactions to external factors. Updating coloring. Gonzalve Bich's Phone Number and Email. I will now hand over to your host Sophie Palliez to begin today's call. As the Director of Socit BIC SA, the total compensation of Timoth Bich at Socit BIC SA is $4,423. We will then open to your questions. That's our expectation, but it's going to be at a lower rate to get us to that top end of the 7% to 9% growth rate for the full year, than H1 of course. This is a tremendous performance boosted by the groundbreaking Snoop and Martha advertising campaign, which clearly resonated with consumers. In Latin America, we expect an overall increase in both Stationery and Shaver with a rebound anticipated in Brazil and Mexico notably in Stationery. [Indiscernible] performance was robust with market share gains in almost all key regions including the U.S., France, UK, South Africa, and Brazil. Vos prfrences ont bien t enregistres. In e-commerce, we achieved double-digit to triple-digit growth in developing markets like, India and Brazil. Performance was notably driven by robust commercial execution in Europe, Latin America, Middle East and Africa and by further market share gains in strategic segments including Coloring. While there are number example to illustrate this, I would highlight the expectional performance of our US Lighter business, the remarkable growth of our recent acquisition Rocketbook and Lucky Stationery in Nigeria, and our solid performance in Latin America. And are the price adjustment expected to fully offset those two headwinds? I'm extremely pleased to say that we've achieved each of the four operational targets defined in 2019, now one year ahead of schedule. 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? In addition, it sells pantyhoses, batteries, and shaving preps; and advertising and promotional products. To your question about the U.S. Dragging a lot of changes, which we'll see in the back end of the year on our -- from our cost perspective. As a result, we expect full-year 2022 Adjusted EBIT and earnings to grow year-on-year, driven by higher volumes and positive price impacts. Bruno's net worth hovers over $100,000 - $249,999 with a yearly income that's about $100 - 149,999. That would be definitely a low point for you to consider, that's a very fair assumption. Please ensure your line is unmuted locally, as you will be advised when to ask your question. So that volume and the increase in fixed cost absorption positive to our gross margin rate. 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. Gonzalve? In Stationery, we have low single-digit price increases planned in both office products and modern mass channels in the first half in Europe. 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. So on a total consolidated basis we're looking to protect our gross margin rate. Now let me give the floor back to Gonzalve. So shall we expect a sizable M&A transaction, or are you going to continue to focus on bolt-on acquisitions? Okay, okay. Through this, we continue to enter untapped into rich areas for growth, fueling our ascension into added value segments. We achieved this in 2021, with notable performance in developing markets where we grew more than 60% overall. Et Marine Tondelier (EELV) veut une France sans milliardaires. Brand support was higher by 1.0 points, as we continue to invest in our brands to support short and long-term growth. There are no executives at Socit BIC SA getting paid more. 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. We expect mid to single-digit organic growth driven by higher volumes, new product launches and pricing. Vous vous tes inscrit pour recevoir lactualit en direct, quest-ce qui vous intresse? The company also provides pocket, utility, decorated, non-decorated classic, electronic, and multipurpose lighters. Sign up It's really important as always that we ensure that customers have just the right inventory, not too much, not too little. Our adjusted EBIT was a 101.9 million with a 19.8% margin. 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. Thank you. The adjusted EBIT margin has been favorably impacted by 0.2 points from Rocketbook. Good morning, Charles. 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. 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. In addition, it sells pantyhoses, batteries, and shaving preps; and advertising and promotional products. We can now more rapidly respond to shifting consumer trends and the evermore challenging macroeconomic environment. Hello, everyone. 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. Thanks, Chad. For the duration of the call, your lines will be on listen-only. 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. As I said, acquisitions is a key pillar of Horizon. There are no executives at Socit BIC SA getting paid more. Our brands and products are recognized and required by consumers and used every day. Net sales were 401.2 million, up 3.0% at constant currencies. And we'll continue to look to supporting our R&D as well as we look to long-term innovation. 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. As Gonzalve mentioned earlier, we successfully reached our Invent the Future plan operational and financial targets one year ahead of when we committed to. Check BackgroundGet Contact InfoThis Is Me - Edit Let me now review the adjusted EBIT margin change versus prior year for the first quarter of 2022. Copyright 2023 Surperformance. The call will be hosted by Gonzalve Bich, Chief Executive Officer; and Chad Spooner, CFO. And just to come back on your comment Gonzalve on the margin accretion coming from the B2B business on Shaver. The perimeter impact adjustments include mainly the acquisition of Inkbox, partially offset by the Pimaco divestiture. Now let me give the floor back to Gonzalve. The full year gross profit margin increased by 2.7 points at 50.8% for 2021, compared to 48.1% in 2020. Do I think that there could be further touch up in Q2? All were well received by customers and consumers and demonstrate that sustainable products offer true competitive advantage. Officer. The launch of BIC Click Soleil 5, which if you remember, is that the new female shave product to the sustainability benefit in recycled materials that we partnered with Avient to do them really pleased that we've been able to bring that to market. 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. Across divisions, two important pillars of commercial excellence, our e-commerce and revenue growth management. Thank you, Gonzalve. The 84.9 million increase was driven by the 2022 back-to-school sell-in stock build, which we told you about last year. 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. So we're not afraid of disposals. This next slide shows the impact of input cost inflation on gross profit in 2021 and 2022 in millions of Euros. Gonzalve Bich's Post. You've added a question. The adjusted EBIT margin was 19.8% compared to 14.7% in Q1 of 2021. Thank you, Gonzalve. . And beyond 2022, how do you see the U.S. 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 Brazil and Mexico, we powered up highly effective back-to-school programs focused on the consumer. EPS group share for full year 2021 was 7.02, compared to 2.08 in full year 2020. 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. [Operator Instructions]. 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. Let's call it. 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. We increased our digital first capabilities to further allow us to dialogue with a new generation of consumers and we launched several products innovations while continuing to invest in future capabilities. This ends the review of Q1 of 2022 consolidated results. The call will be hosted by Gonzalve Bich, BIC Chief Executive Officer and Chad Spooner, Chief Financial Officer. To ensure that our innovation funnel is filled with exciting new products, we also boosted our global innovation pipeline. We decreased the DSO as a result of our collection processes, improvements. 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. Do you see there is a catch-up essentially in Q2 or has it been done in Q1? Adjusted EPS group share for full year 2021 increased 21% to 4.29, compared to 3.54 last year. The oldest executive at Socit BIC SA is Sara A. LaPorta, 60, who is the Chief Strategy & Bus. 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? What is BIC net worth? H2, very clear, will grow. Sign up in seconds, it's free! 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. 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. And what I want to say is, this is all a proof point we've talked a lot about our RGM efforts, our revenue growth management. 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. 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. Our hearts go out to everyone affected. Since the launch of the plan, we acquired two fast-growing companies Rocketbook and Inkbox, in addition to Djeep bought in June of 2020. On that note, here's Chad who will now -- who will step in now to present our operational and consolidated financial results. Our net cash position at the end of December 2021 was 400.1 million. Trade and other receivables ended at 418 million. Thanks very much Sophie and welcome everyone. So we will see the remainder of them happening throughout the rest of the year. Let me now review the adjusted EBIT margin change versus prior year for the fourth quarter of 2021. There's other things that we could be doing. 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. And we were able to reach high double-digit to triple-digit like-for-like growth in these important growth market. 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. Our partnership with Martha Stewart and Snoop Dog is a truly symbiotic relationship that we recently extended with the second wave of integrated advertising and promotional efforts driving 50 million incremental impressions and strong consumer engagement thus far this year. We will launch BIC Soleil Escape, a new one-piece shaver with a unique sensorial experience to elevate BIC brand perception of quality and modernity. This was mainly due to the increase of the US dollar against the euro. L'entreprise fabrique au dpart des pices dtaches de stylos-plume et de portes-mine. The performance of our Flame for Life division should come from growth across all regions including the U.S. Bic Blade-Tech contributed to nearly 30% of the Blade Excellence growth in the first quarter, with a positive impact in profitability. You may now disconnect your lines. Thank you, Gonzalve. This next slide illustrates some of our key non-financial KPIs for 2021. The third highlight is the continued progress in our sustainability journey. Gonzalve Bich is the CEO & Director at Socit BIC SA. In 2021, we committed to reaching 100% renewable electricity in 2025 and we are fully confident to reach this target. 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. And lastly, free cash flow before acquisitions and disposals stood at 205.7 million. Officer. We will start with the usual presentation and then open the floor to your questions. This year for 2022 we expect sales of BIC Blade-Tech to be between 15 million and 20 million. The increase in overall freight and distribution costs was driven by the acceleration of customer demand. [Operator Instructions]. 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. 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. We all know that in mass manufacturing business like BIC, that translates into mid and long term sustainable savings, which can either be reinvested into the business or dropped to the bottom line. Now, BIC has -- had a reputation for cautiousness and for delivering rather than promising. 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. In the US, we were faced with the continued challenging competitive environment, affected by aggressive promotional activity and value segments. as of January 2017. We currently have no questions in queue. 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. And then as I mentioned before in Nicolas question, some of the electricity in. And good afternoon, everyone. The continued success of EZ Reach and effective pricing actions. 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. Our next major milestone within reach is attaining a 15th share of this important pillar of horizon. No problem. There are no executives at Socit BIC SA getting paid more. As I said, net sales for the full-year were 1.8 billion up 15.9% at constant currencies. [Operator Instructions]. Thank you. And as a reminder, our Q1 results will be released on 25th of April and our next AGM will be held on May 18. 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. Mr Bich is 42, he's been the CEO & Director of Socit BIC SA since . On the back of a soft first quarter 2021, the stationary market increased doubled digit. Moreover, Mexico, South Africa, and India, which were hit hard by the pandemic are now bouncing back. And we gained 50 basis points value share and consolidated our solid number one position with more than 57% market share. 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. Would you say that Q4, 2021 margin are the lowest due to the absence of price increase and soft organic growth? However, we remain on track to achieve both our 2025 and 2030 goals. 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