It's going to happen across all the quarters. You may now disconnect your lines. The second question on the margin overall. 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. Determination; in 2021, we demonstrated that we've evolved into an organization equipped to face adverse conditions through innovation and commercial excellence. And in shave, I'm proud to say that BIC Soleil Escape, a new women's razor, offering a novel multi-sensory experience, boosted sales performance in the U.S., as soon as it launched. Et dans ce duel, il n'est pas vraiment question desoldes L'intrigant htel l'abandon de Vincent Bollor dans le Finistre. This is the important proof point of our increased agility. 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. We had those in sell out in the market as well. We will sharpen our focus on consumer-centric innovations and drive commercial excellence even further. This is a great step forward for us. However, these results are not an accident. How much digits represent yourself in Q2, and all the margin in this category have progressing today. The successful integration of recent acquisitions also drove performance, as Rocketbook net sales grew 55% and Lucky pens in Nigeria grew more than 100%. Hi Nicolas, this is Chad. Que se passe-t-il vraiment? And the third question -- the fifth, but I'll call my third question, is the U.S. -- Euro hedging. When we announced the acquisition two months ago, not even two months ago. The Investor Relations team remains at your disposal to answer any follow-up questions. Starting with our performance in Human Expression division. Thank you. There are no executives at Socit BIC SA getting paid more. With this in mind, let's take a look at a snapshot of our financial performance in the first quarter of 2022. Our Flame For Life results were a major achievement this quarter, despite a strong unfavorable comparable base. 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. We're not seen any material volume elasticity to date. On the innovation front, our investments in consumer centricity are driving success for new products. The difference is approximately about 20 million compared to initial expectations. Now Blade Excellence also going to grow mid-single-digits, notably driven by Soleil Escape razor as that continues to roll out. 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] We have no further questions in the queue. Et tombe en dcrpitude, au grand dam des habitants. And as Gonzalve said, the actions that we're taking not only and RGM, but also the increase in revenue, we think will help offset this inflationary pressures, such that we can grow our adjusted EBIT on a value basis, and also our earnings-per-share. The recent acquisition of Inkbox, the leading semi-permanent tattoo direct-to-consumer brand, will strengthen our position in e-commerce further and help build our social media capabilities. There's other things that we could be doing. Contact. In the US, we were faced with the continued challenging competitive environment, affected by aggressive promotional activity and value segments. And finally, well the line was not great, I don't know if it was from my side or on your side. And so we divested it and it's on to a future that it has. I'll now review our operational and consolidated results for the first quarter of 2022, starting with our performance in Human Expression division. Moreover, we continue to grow and gain two points of market share and coloring a key strategic segment for us. Thank you. In regards to the 100 million of impact for this year. g***@bicworld.com. BrunoBichnen a pas hrit car le titre se transmet uniquement lan. Email. Now, to your point, we'll also grow in Human Expression. And we'll continue to look to supporting our R&D as well as we look to long-term innovation. To ensure that our innovation funnel is filled with exciting new products, we also boosted our global innovation pipeline. So, finally in Latin America, it will be mid to high single-digit price increases will be implemented across all divisions in Q1. 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. 03/02/1979, Secteur FULL YEAR 2018 RESULTS Gonzalve BICH Jim DIPIETRO. Your next question was about input cost headwinds, and how has it changed compared to what we sold since we spoke to you last? Net income group share was 314.2 million as reported for 2021, compared to 93.7 million for 2020. 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. Good pipeline of new products and new projects to animate 2022. Inventories ended the period at 593.7 million. 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. In Latin America our trade-up strategy continued to pay off as we outperformed the markets in both Brazil and Mexico. BIC Shanghai Stationery Manufacturing Co. Ltd. The increase in raw material, freight and distribution costs more than offset the positive impacts from net sales growth and manufacturing efficiencies. I've got three questions from my side. Read More. I'll take the first two, which are really growth related. Adjusted EBIT was 270.2 million with a 37.6% margin. The back-to-school seasons in most countries were strong, notably in Mexico and the U.K. Thanks, Gonzalve. Net sales were 168.3 million up 25.4% at constant currencies, and adjusted EBIT was 11.4 million with a 6.8% margin. Let me now review the adjusted EBIT margin change versus prior year for the fourth quarter of 2021. 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. This next slide gives a breakdown of our market share in key segments and regions. 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. However, in shave, online sales grew more than 50%, notably driven by North America. Lighter industry. 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. Second, we will increase prices in stationery. To achieve this double-digit online growth, we need three things. And we said the -- we have a continued impact of raw material in 2022, but we haven't given a specific guidance or the pieces of how much is raw material. And the last question is about Coloring. Are you able to tell us what was the estimate back in mid-February when you reported the full-year just to understand the extent of the increase compared to February? [Operator Instructions]. Hi, Nicolas. So that's Stationery. Gonzalve Bich Shelton, Connecticut, United States 9K followers 500+ connections Join to view profile Oct 3, 2018 Activity I finally met Marta and Snoop Dog yesterday when in the office very. He served as Executive Vice President, Chief Operating Officer of BIC Group within the Company between January 2017 and May 2018. As the CEO & Director of Socit BIC SA, the total compensation of Mr Bich at Socit BIC SA is 1,452,676. And looking at the Lighter U.S. markets for the full-year, I think you should expect mid to high-single-digit decline in absolute term, what are the main driver of such a decline? From a market perspective, Nicola for '23, I think you're going to see a continued softness. This year for 2022 we expect sales of BIC Blade-Tech to be between 15 million and 20 million. And we're on track to achieve our ambitious plastics commitments. Gonzalve Bich's Phone Number and Email. Given the first quarter better-than-expected performance on a 12-month rolling growth rate greater than 10%, we now expect to be at the high end of our 7% to 9% net sales growth objective at constant currencies. We've reframed our historical approach by category, to include incremental, fast-growing adjacencies and made some active moves there in bringing in Rocketbook and Inkbox, as we build out new division. 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 I want a comeback because last year they launched six products in the year to broaden the range. 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. EPS group share for Q1 2022 was 1.53 compared to 3.59 in Q1 2021. Very strong comps on Q -- on the first half of last year and Flame For Life. And the third is growth. Gonzalve? Yes. She amassed most of her wealth from her musical career and several other engagements. 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. Is this happening to you frequently? And if you go back a few years prior to that we also disposed of BIC Sport. And this is going to continue in 2022. Gonzalve Bich Director and Chief Executive Officer CHAD SPOONER Chief Finance Officer Sara LaPorta Stratgie et Dveloppement Business CHESTER TWIGG Group Commercial Officer ELIZABETH MAUL Group Insights, Innovation & Sustainability Officer GARY HORSFIELD Group Supply Chain Officer FRANOIS CLMENT-GRANDCOURT Group Lighters General Manager Thank you. We will start with the usual presentation and then open the floor to your questions. Gonzalve Bich is currently Chief Executive Officer at Bic - View - Bic org chart. Through this, we continue to enter untapped into rich areas for growth, fueling our ascension into added value segments. Do you plan to launch new product because the performance was pretty weak for the Q1 and to our point of view but we are probably less well-placed than you to comment, that is that the product portfolio seems quite limited for work at books. 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. Can this include some disposals as well, or are you only talking about potential external growth? Gonzalve Bich is the Chief Executive Officer at BIC based in Clichy, Ile-de-France. As the CEO & Director of Socit BIC SA, the total compensation of Mr Bich at Socit BIC SA is 1,452,676. This ends the review of our 2021 consolidated results. Now before I conclude with our 2022 financial outlook, I'd like to share the factors that will underpin our financial performance 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. Consistent with our Horizon Plan's target 2022 free cash flow is expected to be above 200 million. As you can see we did very well in packaging with a 17.1 point increase in our use of reusable recyclable and compostable plastic in our packaging. Okay. We achieved our objective 50 million cost savings, thanks to improved efficiency of our commercial operations and global supply chain in 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. There are no executives at Socit BIC SA getting paid more. Vincent Bollor possde un htel avec vue sur la mer dans la commune littorale de Fouesnant (Finistre). En 1950, l'entreprise sempare du brevet du stylo bille et commercialise le Bic cristal. as of January 2017. 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. 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. The perimeter impact adjustments are driven by the acquisition of Rocketbook plus 2.8 points; and Djeep plus 0.5 points, partially offset by PIMACO divestiture. This launch is planned for the spring. Our net cash position at the end of December 2021 . #9. EZ Reach is absolutely a runaway success. 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. 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. increases that we've seen in Q1 will start to hit us in Q4. If you have an ad-blocker enabled you may be blocked from proceeding. There are no executives at Socit BIC SA getting paid more. Gonzalve BICH Thomas BRETTE Franois CLEMENT-GRANDCOURT Benoit MAROTTE Peter DALSBERG 13 February 2019 Presentation. Just the first one which was the visibility on Lighter and shave in the second quarter. 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. 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. 2022, Depuis 1996, Challenges tablit chaque anne le classement des plus grandes fortunes professionnelles. Thanks very much Sophie and welcome everyone. 2021 was year one, of our virgin plastics reduction road map. Thanks Chad. . Thank you again for your question and see you soon. 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. Our 2022 is off to a strong start, powered by the continued implementation of our Horizon strategy. The perimeter impact adjustments include mainly the acquisition of Inkbox, partially offset by the Pimaco divestiture. We started doing so in September of last year. Currently, we passed on approximately 20% in the first quarter. 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. 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. 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. 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. We received cash proceeds of 132.5 million 127.9 million for the sale of our headquarter building in Clichy and 4.6 million for the Pimaco divestiture. 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. Welcome to BIC full year 2021 results conference call. Among the drivers of the working capital were, the increase in inventories of 97 million. Hello, and welcome to the BIC First Quarter 2022 Results Presentation. In the first quarter, the Coloring segment performed well at 16% growth, net sales versus prior year, especially strong Mexico, Brazil, and South Africa. The call will be hosted by Gonzalve Bich, BIC Chief Executive Officer and Chad Spooner, Chief Financial Officer. Like I said, a little bit back, I think we could get to 10% share with EZ reach, which is accretive, both from a sales perspective, as well as from an overall market share 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. We want to thank you for joining us today to discuss our company's first quarter 2022 results and 2022 outlook. Thank you, Sophie. 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. All were well received by customers and consumers and demonstrate that sustainable products offer true competitive advantage. 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. We will continue to focus on operating cash flow with cautious inventory management to protect our supply and delivery. 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. I have every confidence in our strategic choices and our ability to achieve our objectives, including sustainable returns to shareholders. I'll start this presentation with an overview of our 2021 achievements and then cover the key drivers of those achievements in more detail. Thanks, Chad. In Europe, we will implement a mid single-digit price increase across all channels starting in March. Now, on the back of that, what -- what is H2 look like? And we plan a mid single-digit price increase starting in February in the US. We currently have no questions in the queue. Our next major milestone within reach is attaining a 15th share of this important pillar of horizon. The dividend payment was 80.9 million and we bought back 39.2 million worth of shares in 2021. I'm convinced we can reach 10% market share by the end of 2023. 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 goal is to mitigate their impact on our P&L as much as possible and to protect our margins, and we have action plans. We expect mid to single-digit organic growth driven by higher volumes, new product launches and pricing. Thanks, [Indiscernible] for your question. 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. Gonzalve Bich is the CEO & Director at Socit BIC SA. If anything, I think that they're an interesting way to create dynamism in a portfolio. Their technology will help increase the percentage of recycled material used in the handle of the upcoming refillable BIC Click Soleil 5 shaver. 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. Gonzalve. Gonzalve Bich has served as Chief Executive Officer of Societe BIC S.A. since May 2018. I'd like to think of the gross profit probably I think it's a more holistic conversation to talk about gross profit in general and how we think about that because there's many elements to it. How do you see the profile for Q2 for Lighter and Shavers? It has been favorably impacted by +6.3 points from operating leverage, from net sales growth. Bhad Bhabie is the daughter of Barbara Ann Bregoli and Ira Peskowitz. Thank you very much, everyone. 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. The next question comes from the line of Marie Fort from Societe Generale. And it means that you're generating higher dollars per skew, you're being more productive. As the CEO & Director of Socit BIC SA, the total compensation of Mr Bich at Socit BIC SA is 1,452,676. Our three divisions experienced double-digit growth across nearly all regions, encouraging news for overall performance in 2022. 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. I'll begin by reviewing the net sales results for the first nine months of 2021. The company also provides pocket, utility, decorated, non-decorated classic, electronic, and multipurpose lighters. Gonzalve Bich has served as Chief Executive Officer of Societe BIC S.A. since May 2018. Moreover, Mexico, South Africa, and India, which were hit hard by the pandemic are now bouncing back. Currency fluctuations had a positive impact of 2.9 points excluding the foreign exchange impact from Argentina. So manufacturing efficiencies and procurement savings. There are 2 older and no younger executives at Socit BIC SA. Which I will tackle in a second. We confirmed our conviction that it's exciting. 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. So very much a strong contributor to the total division in the mid-term and accretive to profit margins. The full year gross profit margin increased by 2.7 points at 50.8% for 2021, compared to 48.1% in 2020. 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. 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. That was for Lighter. While facing external headwinds, we did not let our guard down. We've totally changed our approach to innovation, new technology and partnerships in a way that's yielding tangible results and promising opportunity set. For the duration of the call, your lines will be on listen-only. 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. No. Early life. I'll now give the floor to Chad, who'll take us through our operational and financial performance in more detail. Last updated: 1 March 2023 at 11:00am EST. And do you expect to fully offset that -- to fully offset that increase through the adjustment you mentioned before? Now looking at our Blade Excellence division. Your question on Q4 margin I think was pretty well stated given that we didn't have pricing in Q4 etcetera. 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. This also demonstrated that our all flame occasion strategy is relevant and can sustain growth in lighter. The RGM is absolutely critical. So I would say ahead of the game there. Gonzalve Marie Leon Bich. So as we move from gross profit to EBIT -- one of the things that Gonzalve talked about is our continued brand support so we can get that net sales growth in 2022. For instance, fixed new intensity, color change pen, which transforms every day writing into a creative opportunity is launched in most geographies. Our balance sheet is purposefully strong because we believe that a sound financial situation is key in the current volatile environment. 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. Engage via Email. We also held share in the one-piece shavers segment outpacing the strategic three-blade segment in both countries. This next slide shows the impact of input cost inflation on gross profit in 2021 in millions of euros. We can now more rapidly respond to shifting consumer trends and the evermore challenging macroeconomic environment. So I've got three questions. Our sell-in performance was driven by strong results from premium products, such as the flex and solely ranges in Europe. Gonzalve Bich 1mo Report this post I am proud to be part of the Epic Foundation Ambassador community. I don't think so. In e-commerce, we achieved double-digit to triple-digit growth in developing markets like, India and Brazil. We've accelerated our path to sustainability with dozens of innovative moves and products with environmental benefits, ready to be launched. Un htel avec vue sur la mer dans la commune littorale de Fouesnant ( Finistre ) were... 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