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. 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. Moreover, Mexico, South Africa, and India, which were hit hard by the pandemic are now bouncing back. 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. 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. Can you be a bit more specific? There's other things that we could be doing. And when we disposed of PIMACO last year that was a perfect example. Please. We will sharpen our focus on consumer-centric innovations and drive commercial excellence even further. The increase in overall freight and distribution costs was driven by the acceleration of customer demand. And if you go to the website, you dig around, you're going to find a lot of different things. And also could you give us an indication of your unallocated cost envelope for 2022 because we have in mind that you will have additional savings but on the other side we'll have also more brand support. as of January 2017. 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. Please ensure your line is unmuted locally, as you will be advised when to ask your question. Do I think that there could be further touch up in Q2? In less than two years, EZ Reach has achieved 4.3% market share of the total pocket lighter market in value. I'll now review our operational and consolidated results for the fourth quarter of 2021 and full year 2021. BrunoBichnen a pas hrit car le titre se transmet uniquement lan. And then as I mentioned before in Nicolas question, some of the electricity in. The company also provides pocket, utility, decorated, non-decorated classic, electronic, and multipurpose lighters. And we do expect for the full year low to mid-single decrease in the market, absolutely we won't be shy in grabbing any opportunity that we see in fueling consumption as well as driving it with the advertising and promotional programs with Martha and Snoop and all the other things because there are other things that we do in US Lighter apart from Martha and Snoop. We have low single-digit price increase planned in both office products and modern mass channels in the first half in Europe and a mid single-digit price increase starting in February in the US. Our balance sheet is purposefully strong because we believe that a sound financial situation is key in the current volatile environment. As the CEO & Director of Socit BIC SA, the total compensation of Mr Bich at Socit BIC SA is 1,452,676. And finally on the Blade-Tech B2B business on Shaver what contribution are you expecting from that initiative in 2022? Net finance revenue was negative 2.6 million compared to a positive 0.8 million for the same period in 2021. 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. Adjusted EPS group share for Q1 2022 increased by 67% to 1.60 compared to 0.96 last year. Engage via Email. While facing external headwinds, we did not let our guard down. Net cash from operating activities was 280.6 million including 410.3 million in operating cash flow and 129.7 million of negative impact from the change in working capital and others. 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. The continued success of EZ Reach and effective pricing actions. Thank you. 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. Gonzalve Bich Net Worth Gonzalve Bich biography. 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. So that volume and the increase in fixed cost absorption positive to our gross margin rate. Very clear. There are 2 older and no younger executives at Socit BIC SA. 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. 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. Starting with our performance in Human Expression division. Gonzalve Bich has served as Chief Executive Officer of Societe BIC S.A. since May 2018. Currently, we passed on approximately 20% in the first quarter. Gonzalve Bich 1mo Report this post I am proud to be part of the Epic Foundation Ambassador community. What impact have you factored in your guidance for 2022 for those two items? Wallmine is a radically better financial terminal. Et tombe en dcrpitude, au grand dam des habitants. Building on our strengths while adding new capabilities to ensure that we're future fit and that we drive growth as we drive towards our Horizon Plan together. If anything, I think that they're an interesting way to create dynamism in a portfolio. 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 if we take all them together do you expect to protect the adjusted EBIT margin in 2022 compared to 2021? Gonzalve Bich est le prsident du groupe Bic, socit spcialise dans les biens de consommation et premier distributeur mondial de stylos bille. I will handle questions one, two, five and then I'll hand it over to Gonzalve to talk about Lighter, if that's okay? Net sales for the full net sales were 515.7 million up 20.4% at constant currency. Chad will take us through the financial performance in more detail a bit later. 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? The perimeter impact adjustments include mainly the acquisition of Inkbox, partially offset by the Pimaco divestiture. On slide 19, we see the main elements in working capital. Just the first one which was the visibility on Lighter and shave in the second quarter. And this is going to continue in 2022. However, we managed to successfully gain market share in premium ranges. Now, BIC has -- had a reputation for cautiousness and for delivering rather than promising. He served as Executive Vice President, Chief Operating Officer of BIC Group within the Company between January 2017 and May 2018. You mentioned that a lot of time during the call, is there anything we should expect in H2 and major innovation for any category in H2? These robust results are important achievements for 2021, but more importantly they position us strongly against our competitors 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. Thanks to our team's outstanding commercial execution, we begin the year with deeper and more enriched customer relations founded upon improved consumer understanding. Sign up in seconds, it's free! 2021 was year one, of our virgin plastics reduction road map. Our hearts go out to everyone affected. Our next major milestone within reach is attaining a 15th share of this important pillar of horizon. The full year gross profit margin increased by 2.7 points at 50.8% for 2021, compared to 48.1% in 2020. Trade and other receivables ended at 418 million. Can you repeat them and tell us how much pricing will contribute to your 7% to 9% sales growth at constant currencies in 2022? I'm convinced we can reach 10% market share by the end of 2023. 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. 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? I've got three questions from my side. 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. However, in shave, online sales grew more than 50%, notably driven by North America. And we should continue to see the company do that. 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. Can this include some disposals as well, or are you only talking about potential external growth? In Latin America our trade-up strategy continued to pay off as we outperformed the markets in both Brazil and Mexico. We will also see further innovations such as the sustainable BIC Click Soleil, five shaver developed with Avient as mentioned earlier. Net sales were 168.3. But when you listed the price hikes that you intend to pass through in 2022, the line was not great. The Q4 gross profit margin increased by 0.9 points to 49.0%, compared to 48.1% in Q4 of 2020. 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. Trade and other receivables increased by 49.3 million and ended the period at 476.9 million as a result of strong net sales growth. 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. So on a total consolidated basis we're looking to protect our gross margin rate. The third highlight is the continued progress in our sustainability journey. Mr Bich is 42, he's been the CEO & Director of Socit BIC SA since . 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. We launched innovative products with reduced environmental impact and continued to execute our Writing the Future Together commitments. 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. And the third question -- the fifth, but I'll call my third question, is the U.S. -- Euro hedging. Now let me give the floor back to Gonzalve. So we will see the remainder of them happening throughout the rest of the year. The Q1 gross profit margin increased by 0.2 points to 51.8% compared to 51.6% in Q1 of 2021. Moreover, we continue to grow and gain two points of market share and coloring a key strategic segment for us. Our adjusted EBIT was 279.8 million with a 15.3% margin. Thank you, Sophie. And finally, in Latin America, mid to high single-digit price increases will be implemented in the first quarter across all divisions. Q1 2022 Human Expression adjusted EBIT margin increased by 4.2 points. 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. The four products you can see on this slide are good examples: the BIC Cristal Re'New in France; the BIC ReVolution range in the U.S., the new range of Hybrid shavers; and our new BAMBOO razor, which launched successfully online and offline in Sweden during the second quarter. And a lot of these changes are really driven by the electricity increases that we've seen, especially in Europe in the first quarter. Third on Lighter, what is the current levels of inventory in the U.S. vis -a - vis China? Sign up in seconds, it's free! Entre Pinault (Kering) et Arnault (LVMH), l'trange Monopoly parisien. Et dans ce duel, il n'est pas vraiment question desoldes L'intrigant htel l'abandon de Vincent Bollor dans le Finistre. This digital native direct to consumer powerhouse, strengthens our presence in creative expression market and accelerates our transformation into a fast-moving consumer - centric company. Finally, our B2B blade business, BIC Blade-Tech has started to execute as planned and started to ship to its first customers since September of 2021. The second point is our resilience to external headwinds. The performance of our Flame for Life division should come from growth across all regions including the U.S. 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. Adjusted earnings per share were 4.29 up 21% versus last year. 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 lastly, free cash flow before acquisitions and disposals stood at negative 1.9 million, negatively impacted by 2022 back-to-school inventory bills. You've got on the second quarter because we understand that you would good visibility for the back-to-school and for the stationary division. He said there were four. In 2021, we reached more than 40 million children around the world. 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. 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. Rocketbook. BIC, Entre dans le classement Today, EZ reach is almost at 6% market share. This ends the review of Q1 of 2022 consolidated results. And on those price increases, have you noticed any [Indiscernible]? 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. Their technology will help increase the percentage of recycled material used in the handle of the upcoming refillable BIC Click Soleil 5 shaver. industrie, Entreprise But first, I'd like to take a moment to acknowledge the increasing struggles of the conflict in Ukraine is causing for its people. In addition, it sells pantyhoses, batteries, and shaving preps; and advertising and promotional products. Is this happening to you frequently? That was for Lighter. 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. 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 achieved this in 2021, with notable performance in developing markets where we grew more than 60% overall. Thanks, Gonzalve. The oldest executive at Socit BIC SA is Sara A. LaPorta, 60, who is the Chief Strategy & Bus. On an as-reported basis, net sales for full year 2020 totaled 1.832 billion, up 12.5% versus last year. If you have an ad-blocker enabled you may be blocked from proceeding. 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. 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. Net finance revenue was negative 4.2 million compared to a negative 1.4 million for the same period in 2020. And of course, the continued ramp up of our B2B business Bic Blade-Tech. I'd also mention the outstanding execution of our e-commerce teams worldwide, particularly in developing countries where sales growth was more than 60%. 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. We're not seen any material volume elasticity to date. I've about four questions, please. While meeting our Invent the Future targets was challenging, this helped us to better weather the impacts of COVID-19 on our business. Gonzalve Bich's Post. The majority of them will happen before the end of the first half of the year. Thank you, Chad. Turning to blade excellences, adjusted EBIT margin, it increased by 9.7 points driven by net sales leverage, favorable fixed cost absorption, as well as the positive contribution from BIC Blade-Tech B2B business. Trade and other payables were 149 million at the end of 2021. So I will hand the call back to your host to close today's call. 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. The second question on the margin overall. Gonzalve Bich's Phone Number and Email. 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 the first quarter of 2022, we invested 58.3 million related to the Inkbox acquisition, net cash was also impacted by investments in CapEx as we invested 17.6 million during Q1 of 2022. I'll take the first two, which are really growth related. Vendu plus de 100 milliards d'exemplaires, il reste ce jour le stylo le plus vendu dans le monde. Currency fluctuations had a negative impact of minus 2.8 points, excluding the foreign exchange impact from Argentina. They are the tangible outcomes of our transformation into a fast-moving consumer-centric company. My third question is concerning Rocketbook. The increase in raw material cost and sea and airfreight costs was offset by manufacturing efficiencies. Gonzalve Bich Net Worth Mr. Gonzalve Bich biography. Si vous souhaitez modifier vos centres d'intrt, vous pouvez tout moment cliquer sur le lien Notifications, prsent en pied de toutes les pages du site. So I've got three questions. In the US, we were faced with the continued challenging competitive environment, affected by aggressive promotional activity and value segments. No. In less than 24 months, they transformed their market approach. CapEx is expected to be around 100 million. In 2021 we invested 7.2 million, related to the HACO Industries, Djeep and Rocketbook acquisitions. Another question is about your margin. Which I will tackle in a second. While remaining committed to our mission, providing everyday essentials that bring simplicity and joy at people's lives all around the world. Gonzalve Bich joined Bic in 2003. Please go ahead. Vous vous tes inscrit pour recevoir lactualit en direct, quest-ce qui vous intresse? Good morning, everyone. Net income group share was 67.6 million as reported for Q1 of 2022 compared to 161.6 million for Q1 of 2021. We expect all of our divisions to deliver organic growth this year in 2022, as we continue our momentum from last year. Your question on Q4 margin I think was pretty well stated given that we didn't have pricing in Q4 etcetera. La famille fondatrice, incarne par Gonzalve (DG) et son pre Bruno (prsident), contrle 45% du fabricant de stylos bille, rasoirs jetables et briquets (CA: 1,9 milliard), confront la baisse de ses marchs. As we benefited from orders that cannot be completed in the fourth quarter of 2021 due to supply chain issues which are carried out over the first quarter of 2022. He moved on to serve as Group People Development Director before joining the Shaver Category as Group Shaver Marketing Director. Last year we -- as I said in October and we confirmed in the fourth quarter we're shipping our first customers. Full year 2021 income before tax was 447.8 million with a 29.8% tax rate compared to 155.3 million in 2020. I'll start this presentation with an overview of our 2021 achievements and then cover the key drivers of those achievements in more detail. 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. Gonzalve Bich is the CEO & Director at Socit BIC SA. Second, to grow in all regions. 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 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. In short, our incremental focus on consumers is yielding results. Now, to your point, we'll also grow in Human Expression. 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. 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). There are no executives at Socit BIC SA getting paid more. 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. Now, before I give the floor to Chad, I want to say a word about our Invent the Future plan. Welcome everyone and thank you for joining us this morning. You ended the year with 400 million of net cash and you did not distribute any extraordinary dividend. 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. . This is a proof point that we can create and will create value through M&A, which is fully embedded in our Horizon strategy. On the back of a strong Q1 2021, our e-commerce Stationery Business was soft, primarily with large pure players. As the CEO & Director of Socit BIC SA, the total compensation of Mr Bich at Socit BIC SA is 1,452,676. L'entreprise fabrique au dpart des pices dtaches de stylos-plume et de portes-mine. So if we can have an idea it would be helpful. 03/02/1979, Secteur You've added a question. 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. 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. 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. So those are how we respond there. 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. Finally, in line with our horizon goals, added value lighters represented 38.6% of total Flame For Life net sales in Q1. Thank you for your questions. Okay. We started 2022 with strong momentum. In Europe, we will implement a mid single-digit price increase across all channels starting in March. En 1950, l'entreprise sempare du brevet du stylo bille et commercialise le Bic cristal. Now let me give the floor back to Gonzalve. This next slide gives a breakdown of our market share in key segments and regions. The swift response and proactive actions taken meant we could manage almost all of these issues. Net cash was also impacted by investments in CapEx, as we invested 75 million during 2021. The second half will be on the low end of our net sales range. We also pursued our strategy to lean towards more added value-driven growth. I'll focus now on how we see this New Year shaping up from a market perspective, starting with our global market assumptions based on Euromonitor and internal estimates. Through this, we continue to enter untapped into rich areas for growth, fueling our ascension into added value segments. And probably could you help us also to monetize our margins in terms of phasing for all over the year? So here we are, and so are the results. I will now hand over to your host, Sophie Palliez, to begin today's call. Read More. Let's now review our consolidated results, starting with the fourth quarter 2021, net sales evolution. 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? 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. Inventories ended the period at 593.7 million. 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? The U.S. was the main growth driver contributing to 37% of the net sales growth on a like-for-like basis. First question is about your visibility. Should continue to grow and gain two points of market share of the electricity in a sound financial is. Material cost and sea and airfreight costs was driven by North America to be part of electricity. 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So if we can reach 10 % market share in key segments and regions also impacted by 2022 inventory! Of total Flame for Life net sales for the full net sales on! With large pure players LaPorta, 60, who is the CEO & Director of Socit BIC SA since you... And joy at people 's lives all around the world hikes that you intend to pass through in?. Was the visibility gonzalve bich net worth Lighter and shave in the fourth quarter of 2021 the end of.... First quarter across all channels starting in March do that lives all around the world you from. Negative 4.2 million compared to 155.3 million in 2020 progress in our sustainability journey growth fueling...