increases that we've seen in Q1 will start to hit us in Q4. With this in mind, let's take a look at a snapshot of our financial performance in the first quarter of 2022. Vous vous tes inscrit pour recevoir lactualit en direct, quest-ce qui vous intresse? As Gonzalve mentioned earlier, we successfully reached our Invent the Future plan operational and financial targets one year ahead of when we committed to. The consolidation of Inkbox should add between one and two points of growth. He served as Executive Vice President, Chief Operating Officer of BIC Group within the Company between January 2017 and May 2018. And when we disposed of PIMACO last year that was a perfect example. He added a question in U.S. This innovative program accelerates our path towards genuine long-term value creation for all of our stakeholders, which I'm extremely proud of. The call will be hosted by Gonzalve Bich, BIC Chief Executive Officer and Chad Spooner, Chief Financial Officer. 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. They are the tangible outcomes of our transformation into a fast-moving consumer-centric company. On the back of a strong Q1 2021, our e-commerce Stationery Business was soft, primarily with large pure players. And so we divested it and it's on to a future that it has. 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. Please go ahead. 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. Currency fluctuations had a positive impact of 2.9 points excluding the foreign exchange impact from Argentina. 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 three divisions experienced double-digit growth across nearly all regions, encouraging news for overall performance in 2022. [Operator Instructions] We have no further questions in the queue. The increase in raw material cost and sea and airfreight costs was offset by manufacturing efficiencies. 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. 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. Net income group share was 314.2 million as reported for 2021, compared to 93.7 million for 2020. Vos prfrences ont bien t enregistres. C tip tc iu ny bng cch pht hnh mt a n khc, "Hi Bich", a n ny tr thnh a n th hai ca c gp mt trn bng xp hng Billboard Hot 100. . Marcel's grandson Gonzalve Bich has been CEO since 2018. In Europe, we will implement a mid single-digit price increase across all channels starting in March. The adjusted EBIT margin has been favorably impacted by 0.2 points from Rocketbook. Their unique brand positioning offers tremendous growth opportunities and you should expect more initiatives from us in the near future. And then unallocated costs for 2022, I guess the way that I would think about this is on a total year basis, it shouldn't be materially different. However, in shave, online sales grew more than 50%, notably driven by North America. This next slide summarizes the evolution of our net cash position between December of 2021 and March 2022. En 1945, la socit PPA (Porte-plume,. And I'm really pleased with what the team's been doing. [Operator Instructions] And the first question comes from the line of Nicolas Langlet from BNP Paribas. The adjusted EBIT margin was 19.8% compared to 14.7% in Q1 of 2021. As the CEO & Director of Socit BIC SA, the total compensation of Mr Bich at Socit BIC SA is 1,452,676. So we're not afraid of disposals. What Is Bhad Bhabie's Net Worth? 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. Among the drivers of the working capital were, the increase in inventories of 97 million. You may now disconnect your lines. There are no executives at Socit BIC SA getting paid more. Yet at this time last year, it was inconceivable that growth rates would more than double. BIC IN 2018 -KEY TAKEAWAYS . EPS group share for Q1 2022 was 1.53 compared to 3.59 in Q1 2021. And that's what the teams are really doing. Officer. Now, BIC has -- had a reputation for cautiousness and for delivering rather than promising. Whitepages people search is the most trusted directory. With a relentless focus on consumers, our Horizon strategy is well underway in yielding results. And beyond 2022, how do you see the U.S. Okay. We started doing so in September of last year. Would you say that Q4, 2021 margin are the lowest due to the absence of price increase and soft organic growth? The performance of our Flame for Life division should come from growth across all regions including the U.S. So we've looked at growth and we've looked at how e-commerce is thriving, let me now take a step back to look at sustainability from a product lens. Ce quadragnaire, petit-fils du fondateur, dtient avec sa famille 46,3% du fabricant de stylos, papeterie, briquets et rasoirs (CA: 1,8milliard), qui sest fix de nouveaux objectifs de dveloppement durable. And then we'll expect to see -- and this is going to be driven really by a gradual recovery in the overall supply chain. And Nicolas if I can jump back. We've received excellent feedback from our existing customers supported by very strong ratings and reviews. 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). My name is Jess and I'll be your coordinator for today's event. [Operator Instructions]. In addition Gonzalve talked about the myriad of price increases in Stationery Lighter and Shaver that also is going to offset. Trade and other payables were 271.0 million at the end of Q1 of 2022. 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. Good morning, Charles. Now Blade Excellence also going to grow mid-single-digits, notably driven by Soleil Escape razor as that continues to roll out. g***@bicworld.com. Sign up in seconds, it's free! Thank you very much, everyone. It's really important as always that we ensure that customers have just the right inventory, not too much, not too little. So do you plan to strengthen the deal firm? 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. 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 full year gross profit margin increased by 2.7 points at 50.8% for 2021, compared to 48.1% in 2020. 03/02/1979, Secteur Starting with our performance in Human Expression division. 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. 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. So I want a comeback because last year they launched six products in the year to broaden the range. 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 start this presentation with an overview of our 2021 achievements and then cover the key drivers of those achievements in more detail. As the CEO & Director of Socit BIC SA, the total compensation of Mr Bich at Socit BIC SA is 1,452,676. Check BackgroundGet Contact InfoThis Is Me - Edit The perimeter impact adjustments include mainly the acquisition of Inkbox, partially offset by the Pimaco divestiture. As I said, acquisitions is a key pillar of Horizon. 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. So this ends our call today. [12] Yacht racing and sailing [ edit] Bich was a keen sailor. Can this include some disposals as well, or are you only talking about potential external growth? And we'll continue to look to supporting our R&D as well as we look to long-term innovation. We will start with the usual presentation and then open the floor to your questions. I will now hand over to your host, Sophie Palliez, to begin today's call. In Shaver, we will focus on revenue growth management to leverage price pack architecture and promotional effectiveness to ensure we deliver a portfolio to meet consumer needs in Europe and the US. We ended up with lower CapEx spend than initially anticipated due to supply chain issues which affected our ability to realize our initial investment plans. Adjusted EBIT margin for the division increased by 1.2 points, explained by favorable net sales leverage and favorable fixed cost absorption. Thank you. Thank you all for being with us this morning and we'll now open the floor to questions. 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. And on those price increases, have you noticed any [Indiscernible]? In Latin America, we expect an overall increase in both Stationery and Shaver with a rebound anticipated in Brazil and Mexico notably in Stationery. Net sales were 683.8 million, up 21.3% at constant currencies. Et tombe en dcrpitude, au grand dam des habitants. So a strong first half of the year. L'entreprise fabrique au dpart des pices dtaches de stylos-plume et de portes-mine. And finally, well the line was not great, I don't know if it was from my side or on your side. My second question is about your 100 million impact from raw material for the year. Rocketbook. Adjusted EPS group share for Q1 2022 increased by 67% to 1.60 compared to 0.96 last year. In Latin America our trade-up strategy continued to pay off as we outperformed the markets in both Brazil and Mexico. The next question comes from the line of Marie Fort from Societe Generale. We expect all of our divisions to deliver organic growth this year in 2022, as we continue our momentum from last year. BIC Shanghai Stationery Manufacturing Co. Ltd. Adjusted earnings per share were 4.29 up 21% versus last year. On an as-reported basis, net sales for Q4 2021 totaled 436.8 million, up 6.5% versus last year. We expect a very strong first half of the year so it will be above -- in the high end of the 7% to 9% range that Gonzalve gave on the organic sales. Net sales for the full net sales were 515.7 million up 20.4% at constant currency. Please. He was Chief Operating Officer (COO), responsible for BIC Group Consumer Business, Human Resources and I.T. So that's how you can think about phasing from first half to second. I'd also mention the outstanding execution of our e-commerce teams worldwide, particularly in developing countries where sales growth was more than 60%. Thank you, Gonzalve. Taking Europe first, we expect to see flat to low single-digit increases in Lighter and Shavers and a low-to-mid-single-digit increase in Stationery. The second question on the margin overall. 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? And lastly, free cash flow before acquisitions and disposals stood at 205.7 million. Dragging a lot of changes, which we'll see in the back end of the year on our -- from our cost perspective. 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. Inventories ended the period at 593.7 million. This ends the review of our 2021 consolidated results. View FREE Public Profile & Reputation for Gonzalve Bich in Westport, CT - See Court Records | Photos | Address, Emails & Phone Number | Personal Review | Income & Net Worth So manufacturing efficiencies and procurement savings. [Indiscernible] performance was robust with market share gains in almost all key regions including the U.S., France, UK, South Africa, and Brazil. To ensure that our innovation funnel is filled with exciting new products, we also boosted our global innovation pipeline. Gonzalve Bich joined Bic in 2003. The dividend payment was 80.9 million and we bought back 39.2 million worth of shares in 2021. 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. In Brazil and Mexico, we powered up highly effective back-to-school programs focused on the consumer. The oldest executive at Socit BIC SA is Sara A. LaPorta, 60, who is the Chief Strategy & Bus. Thanks for your question on BIC Blade-Tech, which I'm super excited about. Since 2018, we've served 158 million children, which is a tremendous source of pride for the team across BIC. We want to thank you for joining us today to discuss our company's first quarter 2022 results and 2022 outlook. 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. So I'm guardedly optimistic about the perspective for the future. Now before I conclude with our 2022 financial outlook, I'd like to share the factors that will underpin our financial performance this year. Updating coloring. Okay. While remaining committed to our mission, providing everyday essentials that bring simplicity and joy at people's lives all around the world. 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. Thanks. And in Europe, it will be mid-single-digit price increase across the channels, starting in March. 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. It's going to happen across all the quarters. If you have an ad-blocker enabled you may be blocked from proceeding. In 2021, we launched several innovative new products with reduced environmental impact. So that's Stationery. 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. The increase in overall freight and distribution costs, was driven by the acceleration of customer demand. By very strong ratings and reviews x27 ; s free in mind, 's! Everyday essentials that bring simplicity and joy at people 's lives all around the world to your.. Explained by favorable net sales were 515.7 million up 20.4 % at constant currencies from us the. It and it 's really important as always that we ensure that customers just! On an as-reported basis, net sales for the full net sales were million... Sales were 515.7 million up 20.4 % at constant currencies to 1.60 compared to 14.7 % in Q1 2022! Life division should come from growth across all the quarters and a low-to-mid-single-digit increase in inventories of 97 million 2022! 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