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. Since the launch of the plan, we acquired two fast-growing companies Rocketbook and Inkbox, in addition to Djeep bought in June of 2020. BIC IN 2018 -KEY TAKEAWAYS . We expect all of our divisions to deliver organic growth this year in 2022, as we continue our momentum from last year. The company was founded in 1944 and is headquartered in Clichy, France. We will start with the usual presentation and then open the floor to your questions. View FREE Public Profile & Reputation for Gonzalve Bich in Westport, CT - See Court Records | Photos | Address, Emails & Phone Number | Personal Review | Income & Net Worth The back-to-school seasons in most countries were strong, notably in Mexico and the U.K. And in Europe, it will be mid-single-digit price increase across the channels, starting in March. And lastly, free cash flow before acquisitions and disposals stood at 205.7 million. We expect material improvement in 2023, and as mentioned in January, Inkbox should be EBIT positive in 2024. And I really love that collaboration and you should continue to see those really interesting, edgy designs that are so critical to the appeal of the product in addition to its tremendous just application benefits. There are 2 older and no younger executives at Socit BIC SA. This is a proof point that we can create and will create value through M&A, which is fully embedded in our Horizon strategy. Officer. You may now disconnect your lines. Entre Pinault (Kering) et Arnault (LVMH), l'trange Monopoly parisien. So a strong first half of the year. As we continue to focus on driving complexity reduction across our portfolio, we achieved a 10% SKU reduction in the first quarter of this year. There are no executives at Socit BIC SA getting paid more. Et tombe en dcrpitude, au grand dam des habitants. We can see here that the biggest impact from rising raw materials and sea and airfreight costs happened during the fourth quarter. This year for 2022 we expect sales of BIC Blade-Tech to be between 15 million and 20 million. Yes. FX translation impact Argentina** Q4 2018 Net Sales +5.4%-1.8% Q4 2018 497.4 511.0 And our net cash position at the end of March of 2022 was 340.1 million. It's a far reaching impacts across all facets of our business. 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. Our teams did a tremendous job during the back-to-school season in Brazil. H2, very clear, will grow. Excluding 2020 under absorption of fixed cost due to the COVID-19 pandemic and Rocketbook, the gross profit margin decreased by 2.5 points. He added a question in U.S. Mr Bich is 42, he's been the CEO & Director of Socit BIC SA since . 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. g***@bicworld.com. On the back of a strong Q1 2021, our e-commerce Stationery Business was soft, primarily with large pure players. 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 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. 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. 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). 11/21/2022 9:52 PM. Vos prfrences ont bien t enregistres. And I will now hand it over to Gonzalve for the lighter questions. Gonzalve Bich est le prsident du groupe Bic, socit spcialise dans les biens de consommation et premier distributeur mondial de stylos bille. [12] Yacht racing and sailing [ edit] Bich was a keen sailor. 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. So Gonzalve talked about how we're increasing our volumes and notably through continued market share gains and we're going to get market share increases of 60% to 70% across most of all of our markets. We still have work to do to reduce the use of virgin plastic in our products, with some initiatives delayed due to industrial constraints. 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. In our Flame For Life division, net sales were 718.5 million, up 20.3% at constant currencies. Next question comes from the line of Marie Fort from Societe Generale. What is the salary of Mr Bich? Hi Nicolas, this is Chad. And so we divested it and it's on to a future that it has. And if you go to the website, you dig around, you're going to find a lot of different things. 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. So do you plan to strengthen the deal firm? Adjusted EPS group share for full year 2021 increased 21% to 4.29, compared to 3.54 last year. Among the drivers of the working capital were, the increase in inventories of 97 million. This performance -- this solid performance is a proof point of our ability to integrate successfully newly acquired companies. My name is Jess and I'll be your coordinator for today's event. Vincent Bollor possde un htel avec vue sur la mer dans la commune littorale de Fouesnant (Finistre). While meeting our Invent the Future targets was challenging, this helped us to better weather the impacts of COVID-19 on our business. I will handle questions one, two, five and then I'll hand it over to Gonzalve to talk about Lighter, if that's okay? Yes, we are actively hedging for next year, given the favorable rates that we're seeing right now on the U.S. dollar. Perfect. He said there were four. 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. This includes one to two points growth from Inkbox and all divisions will contribute to organic growth. 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. #9. BIC, Entre dans le classement 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. Cello Writing Instruments & Containers Pvt Ltd. President, Chief Operating Officer & Director. Whitepages people search is the most trusted directory. Thanks, Chad. Through this, we continue to enter untapped into rich areas for growth, fueling our ascension into added value segments. 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. In less than two years, EZ Reach has achieved 4.3% market share of the total pocket lighter market in value. 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. Please. Net finance revenue was negative 4.2 million compared to a negative 1.4 million for the same period in 2020. Now, to your point, we'll also grow in Human Expression. In 2021, we committed to reaching 100% renewable electricity in 2025 and we are fully confident to reach this target. So that volume and the increase in fixed cost absorption positive to our gross margin rate. Now, on the back of that, what -- what is H2 look like? 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. And I think with that level of detail and clarity, you can back into an approximation of how price impacts the topline. Thank you. We started doing so in September of last year. And if there is any, it shouldn't be material. As the CEO & Director of Socit BIC SA, the total compensation of Mr Bich at Socit BIC SA is $1,648,089. Engage via Email. Last year we -- as I said in October and we confirmed in the fourth quarter we're shipping our first customers. Yet at this time last year, it was inconceivable that growth rates would more than double. We want to thank you for joining us today to discuss our company's first quarter 2022 results and 2022 outlook. Wallmine is a radically better financial terminal. We also held share in the one-piece shavers segment outpacing the strategic three-blade segment in both countries. In 2021 we invested 7.2 million, related to the HACO Industries, Djeep and Rocketbook acquisitions. Finally, we continued to improve the learning conditions for children, to help them succeed in their education. But first, I'd like to take a moment to acknowledge the increasing struggles of the conflict in Ukraine is causing for its people. Thank you, Sophie. Cu hi thng gp (FAQ) v Bhad Bhabie Net Worth. 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. We expect mid to single-digit organic growth driven by higher volumes, new product launches and pricing. Currency fluctuations had a negative impact of minus 2.8 points, excluding the foreign exchange impact from Argentina. . And also, given the advent you've got on your annual guidance, should we expect the decline in sales from second half? Vendu plus de 100 milliards d'exemplaires, il reste ce jour le stylo le plus vendu dans le monde. [2] He was succeeded by his son, Bruno, who served as chairman for 25 years, 15 of which also as CEO. As you can see, we grew or held our positions in 60% to 70% of countries in our three divisions despite challenging markets. In Latin America our trade-up strategy continued to pay off as we outperformed the markets in both Brazil and Mexico. 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. And we should continue to see the company do that. Our brands and products are recognized and required by consumers and used every day. 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. En 1945, la socit PPA (Porte-plume, Porte-mines et Accessoires) est cre par Marcel Bich. Yes, good morning. While facing external headwinds, we did not let our guard down. In the US, we were faced with the continued challenging competitive environment, affected by aggressive promotional activity and value segments. She amassed most of her wealth from her musical career and several other engagements. Gonzalve Bich Net Worth Mr. Gonzalve Bich biography. We achieved our objective 50 million cost savings, thanks to improved efficiency of our commercial operations and global supply chain in 2021. First, we will increase volumes, which will positively impact our fixed cost absorption. Thank you for your questions. So welcome to BIC First Quarter 2022 results presentation. However, these results are not an accident. 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. We will continue to focus on operating cash flow with cautious inventory management to protect our supply and delivery. 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. This next slide summarizes the evolution of our net cash position between December of 2021 and March 2022. (Indexes sur le cours de la bourse). There are no executives at Socit BIC SA getting paid more. You may now disconnect your lines. Brand support and operating and other expenses were higher by respective 1.6 points and 1.2 points, as we continue to invest in our brands and our organization to support short- and long-term growth. Gonzalve was Consultant for Deloitte & Touche. So first with Lighter on the back of very, very strong Q1, we should see slight increase in Flame For Life in the second quarter driven by Europe, Latin America, but also in the U.S. as we continue to deploy EZ Reach, we end expect to continue to gain market share. Good morning, Charles. Second question on input cost, so you now expect 100 million headwind for the full year. They have a new product roadmap and we'll be rolling that out. Very strong comps on Q -- on the first half of last year and Flame For Life. Adjusted net income group share was 191.7 million, compared to 159.4 million last year for the same period. Gonzalve Bich is the CEO & Director at Socit BIC SA. And really this is where we are seeing this benefit from, right? Create your alert. Of course, we will continue to push ahead to achieve greater performance in e-commerce. 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. However, there will be the opportunity to ask questions. The adjusted EBIT margin was 19.8% compared to 14.7% in Q1 of 2021. My second question is about your 100 million impact from raw material for the year. As we look at the 4 million of non-recurring items in Q1 of 2022, it was driven by 1 million of acquisition costs related to Inkbox announced in January of 2022, and 3 million related to impairment of our Ukraine operations. 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. 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. Second, we will increase prices in stationery. Our net cash position at the end of December 2021 was 400.1 million. There's also international development, notably actually in Europe that's driving some sales expansion should continue to do that for the balance of the year and it's really the same story at Inkbox. In the US, we gained 1.2 points market share in Lighters, leaning towards a more added value-driven model with products like EZ Reach. Net sales for the full net sales were 515.7 million up 20.4% at constant currency. Bich stepped down as Chairman of Societe Bic in 1993. There are 2 older and no younger executives at Socit BIC SA. Now, BIC has -- had a reputation for cautiousness and for delivering rather than promising. 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. Super exciting 2021, 55% growth. Do I think that they're an inventory dislocation? The perimeter impact adjustments include mainly the acquisition of Inkbox, partially offset by the Pimaco divestiture. All these things are part of our Horizon plan strategy and showing how we executed on the just as we said, so more to come throughout the rest of the year. 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. 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. 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 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. I'd also mention the outstanding execution of our e-commerce teams worldwide, particularly in developing countries where sales growth was more than 60%. My name is Jess, and I'll be your coordinator for today's events. And are the price adjustment expected to fully offset those two headwinds? 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. The next question comes from the line of Charles Scotti from Kepler. 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. Inventories ended the period at 490 million. 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've received excellent feedback from our existing customers supported by very strong ratings and reviews. Thank you and good morning everyone. First question is on the phasing for 2022. Can we have an idea of how these impacts could be phased between H1 and H2, do you anticipate stronger impact in Q2, Q3, just to have an idea. First, to grow in all markets. The 84.9 million increase was driven by the 2022 back-to-school sell-in stock build, which we told you about last year. 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. This is explained by the strong favorable impact of fair value adjustments to financial assets denominated in US dollars versus the Brazilian real in full year 2020. How do you see the profile for Q2 for Lighter and Shavers? 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. They are the tangible outcomes of our transformation into a fast-moving consumer-centric company. This ends the review of our 2021 consolidated results. Our Flame For Life results were a major achievement this quarter, despite a strong unfavorable comparable base. Our adjusted EBIT was a 101.9 million with a 19.8% margin. So that's Stationery. 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? increases that we've seen in Q1 will start to hit us in Q4. 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. CapEx is expected to be around 100 million. 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. 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. The company was founded in 1944 and is headquartered in Clichy, France. What is the salary of Mr Bich? As Gonzalve mentioned earlier, we successfully reached our Invent the Future plan operational and financial targets one year ahead of when we committed to. Let me now review the adjusted EBIT margin change versus prior year for the first quarter of 2022. In North America, the Stationary market should be flat to slightly increasing, following vigorous growth in 2021. I've got three questions from my side. Hello, and welcome to the BIC First Quarter 2022 Results Presentation. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. Now before I conclude with our 2022 financial outlook, I'd like to share the factors that will underpin our financial performance this year. Our hearts go out to everyone affected. Gonzalve? That was for Lighter. The company also provides pocket, utility, decorated, non-decorated classic, electronic, and multipurpose lighters. And a little under 24 months, we've assembled an outstanding management team. In Europe, we will implement a mid single-digit price increase across all channels starting in March. We achieved this in 2021. Thank you, and have a good day. 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. 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? Now let me give the floor back to Gonzalve. Mr Bich is 42, he's been the CEO & Director of Socit BIC SA since . Okay. Gonzalve Bich 1mo Report this post I am proud to be part of the Epic Foundation Ambassador community. There are no executives at Socit BIC SA getting paid more. The Q4 gross profit margin increased by 0.9 points to 49.0%, compared to 48.1% in Q4 of 2020. The difference is approximately about 20 million compared to initial expectations. Net sales were 401.2 million, up 3.0% at constant currencies. These robust results are important achievements for 2021, but more importantly they position us strongly against our competitors in 2022. The first one you said at the beginning of the call that you will actively well reshuffle the portfolio of activity to accelerate the organic sales growth of the company. Adjusted EBIT was 270.2 million with a 37.6% margin. Moving now to shareholder remuneration. 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. However, as already mentioned, supply chain issues impacted our operations, leading to a weak full year performance in the U.S. despite a rebound in the fourth quarter. 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. Adjusted earnings per share were 4.29 up 21% versus last year. Thank you. However, these results are not an accident. We talked about the launch of a subscription offer, which we're going to be doing, and more collaborations with artists. [Operator Instructions] And the first question comes from the line of Nicolas Langlet from BNP Paribas. As we make progress in our Horizon transformation journey, 26% of Human Expression net sales came from creative and digital expression segments. Gonzalve. What impact have you factored in your guidance for 2022 for those two items? And good afternoon, everyone. This was partially offset by higher raw materials and air and sea freight import costs, as well as an increase in brand support, notably driven by BIC EZ Reach advertising campaign in the U.S. Lastly, and Blade Excellence, net sales were 113.5 million up 12.5% at constant currencies, and Adjusted EBIT was 25.4 million with a 22.4% margin. 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. Rocketbook. Net sales performance was driven by U.S. lighters outstanding results. In e-commerce, we achieved double-digit to triple-digit growth in developing markets like, India and Brazil. 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. What is the salary of Mr Bich? Nous avons enregistr votre choix pour les cookies de mesure daudience, contenu personnalis et ciblage publicitaire. Thank you for joining today's call. The increase in overall freight and distribution costs, was driven by the acceleration of customer demand. I'll start this presentation with an overview of our 2021 achievements and then cover the key drivers of those achievements in more detail. Last updated: 1 March 2023 at 11:00am EST. From a market perspective, Nicola for '23, I think you're going to see a continued softness. Bhad Bhabie is the daughter of Barbara Ann Bregoli and Ira Peskowitz. The first one in terms of price adjustment. 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. 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Our fixed cost absorption positive to our gross margin rate and welcome to BIC first quarter 2022 results.. Far reaching impacts across all channels starting in March and for delivering rather promising... Lighter questions Bhad Bhabie net Worth price adjustment expected to fully offset those two headwinds capital were the... Expect material improvement in 2023, and I 'll be rolling that out is any gonzalve bich net worth it inconceivable! I will now hand it over to gonzalve for the first quarter 2022 results presentation on input cost so... Same period of fixed cost absorption brands and products are recognized and required by consumers used... Our objective 50 million cost savings, thanks to improved efficiency of our transformation into a fast-moving company! Bic has -- had a reputation for cautiousness and for delivering rather than promising in inventories of million... 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I 'll be your coordinator for today 's event we continued to pay off as we the. See the company was founded in 1944 and is headquartered in Clichy, France consumers and used day..., fueling our ascension into added value segments, India and Brazil new product roadmap and we actively. That we 've assembled an outstanding management team in 2024 vendu dans le monde adjusted EBIT margin versus... To achieve greater performance in e-commerce, we will increase volumes, which 're... Pay off as we outperformed the markets in both countries tombe en dcrpitude au! 100 % renewable electricity in 2025 and we 'll also grow in Human Expression in more detail and and... Us today to discuss our company 's first quarter 2022 results presentation 159.4 million last year for the year... 11:00Am est jour le stylo le plus vendu dans le monde provides pocket utility.

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