There are no executives at Socit BIC SA getting paid more. 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? In 2021, we invested 75 million in CapEx. That's all for my questions. Let's now review our consolidated results, starting with Q1 2022 net sales evolution. 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. I've got three questions from my side. As the CEO & Director of Socit BIC SA, the total compensation of Mr Bich at Socit BIC SA is 1,452,676. Just the first one which was the visibility on Lighter and shave in the second quarter. So here we are, and so are the results. I'd also mention the outstanding execution of our e-commerce teams worldwide, particularly in developing countries where sales growth was more than 60%. Last updated: 1 March 2023 at 11:00am EST. 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. 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. . Socit BIC SA executives and other stock owners filed with the SEC include: Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens, Stocks and cryptocurrency portfolio tracker. 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. 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. Now, in addition to organic growth, our recent acquisitions Rocketbook and Lucky Stationery in Nigeria had a remarkable performance. Please disable your ad-blocker and refresh. It is also critical to continue to invest in our organic growth and a prerequisite to funding external growth. So we're not planning significant increases in unallocated costs is a way to think about it. In North America, the Stationary market should be flat to slightly increasing, following vigorous growth in 2021. Let me now review the adjusted EBIT margin change versus prior year for the first quarter of 2022. For instance, fixed new intensity, color change pen, which transforms every day writing into a creative opportunity is launched in most geographies. India FM Jaishankar says Soros dangerous, debate needed on democracy, Buffett's Berkshire profit falls on investments, currencies, Bill Gates buys Heineken stake, despite saying he's 'not a big beer drinker', Elon Musk recruits team to develop OpenAI rival - The Information, Musk donated around $1.95 billion in Tesla shares last year, Hedge fund manager Chris Hohn demands Airbus drop Atos deal - letter, Elon Musk's challenge: Stay ahead of the competition, ISS urges Apple shareholders to vote for CEO Tim Cook, other execs' pay packages, Elon Musk accuses media of racism after newspapers drop 'Dilbert' cartoon, French media billionaire Niel fails with bid for TNT television frequence - Arcom, Chief Executive Officer & Executive Director. Excluding 2020 under absorption of fixed cost due to the COVID-19 pandemic and Rocketbook, the gross profit margin variance was flat versus last year. In Mexico the outstanding first-quarter performance of the market was driven by the return to in-person classes and preludes to a very good 2022 back-to-school. Net sales were 683.8 million, up 21.3% at constant currencies. 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. Vendu plus de 100 milliards d'exemplaires, il reste ce jour le stylo le plus vendu dans le monde. We will continue to focus on operating cash flow with cautious inventory management to protect our supply and delivery. This is a great step forward for us. For the duration of the call, your lines will be on listen-only. In Latin America, we expect an overall increase in both Stationery and Shaver with a rebound anticipated in Brazil and Mexico notably in Stationery. In Lighters we expect the market to decrease low-to-mid-single digits following a very strong performance in 2021. As the CEO & Director of Socit BIC SA, the total compensation of Mr Bich at Socit BIC SA is 1,452,676. So I'm guardedly optimistic about the perspective for the future. With our eyes set firmly on the horizon, I'm convinced that we will achieve our growth ambition of sustainable and profitable mid-single-digit growth. I will now hand over to your host, Sophie Palliez, to begin today's call. And if there is any, it shouldn't be material. A perfect illustration of our open innovation strategy is the announcement and development of a new recycled material in partnership with Avient. For the Rocket -- Sorry, did you have a follow-up? Perfect. Currency fluctuations had a positive impact of plus 5.4 points, excluding the foreign exchange impact from Argentina. Inkbox and BodyMark are temporary tattoo marker for the first building blocks of our journey into skin creative. We've reached close to 100% ACV and modern mass market channel and still have considerable opportunities in convenience stores. We also divested our label business in Brazil Pimaco, and sold our French headquarters. Please go ahead. Second question on input cost, so you now expect 100 million headwind for the full year. As I said in my introduction, Rocketbook performance was outstanding, with a 55% growth rate in 2021. All rights reserved. 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. Adjusted EBIT was 270.2 million with a 37.6% margin. Now, BIC has -- had a reputation for cautiousness and for delivering rather than promising. Thank you. All were well received by customers and consumers and demonstrate that sustainable products offer true competitive advantage. This year for 2022 we expect sales of BIC Blade-Tech to be between 15 million and 20 million. In Brazil and Mexico, we powered up highly effective back-to-school programs focused on the consumer. We had those in sell out in the market as well. 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. Another question is about your margin. I will now hand over to your host Sophie Palliez to begin today's call. Our teams did a tremendous job during the back-to-school season in Brazil. 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. Trade and other receivables ended at 418 million. Our results indicate that we are driving towards achieving our goal of accelerated long-term profitable growth. 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. Thank you. 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. 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. #9, Position dans le secteur industrie And finally, well the line was not great, I don't know if it was from my side or on your side. Our consistent with our Horizon Plan, we successfully executed our RGM strategy, which is key in an inflationary market. 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. 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). Our next major milestone within reach is attaining a 15th share of this important pillar of horizon. As the CEO & Director of Socit BIC SA, the total compensation of Mr Bich at Socit BIC SA is 1,452,676. Last updated: 1 March 2023 at 11:00am EST. 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. Net income group share was 67.6 million as reported for Q1 of 2022 compared to 161.6 million for Q1 of 2021. Not in H2. If you have an ad-blocker enabled you may be blocked from proceeding. Gonzalve BICH Thomas BRETTE Franois CLEMENT-GRANDCOURT Benoit MAROTTE Peter DALSBERG 13 February 2019 Presentation. 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. While meeting our Invent the Future targets was challenging, this helped us to better weather the impacts of COVID-19 on our business. He said there were four. Full year 2021 Human Expression adjusted EBIT margin, decreased by 0.4 points. 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. 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. And so taking into account the B2B business what sort of margin could we expect for the Shaver business in the mid to long term? So the phasing will happen across year like that. As you can see, we grew or held our positions in 60% to 70% of countries in our three divisions despite challenging markets. And if you go back a few years prior to that we also disposed of BIC Sport. Thank you. This also demonstrated that our all flame occasion strategy is relevant and can sustain growth in lighter. 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. Bic Blade-Tech contributed to nearly 30% of the Blade Excellence growth in the first quarter, with a positive impact in profitability. Le monde est-il entr en guerre contre les riches? Welcome everyone and thank you for joining us this morning. In 2021, we launched several innovative new products with reduced environmental impact. Bruno's net worth hovers over $100,000 - $249,999 with a yearly income that's about $100 - 149,999. The company also provides pocket, utility, decorated, non-decorated classic, electronic, and multipurpose lighters. Brand support was higher by 1.0 points, as we continue to invest in our brands to support short and long-term growth. Through this, we continue to enter untapped into rich areas for growth, fueling our ascension into added value segments. Let's now review our consolidated results, starting with the fourth quarter 2021, net sales evolution. And it kind of answers your second question which is, yes you should see us continue to do bolt-ons where they make sense. As we continue to ramp up sales to the different customer sets. Last year we -- as I said in October and we confirmed in the fourth quarter we're shipping our first customers. Mr Bich is 42, he's been the CEO & Director of Socit BIC SA since . That would be definitely a low point for you to consider, that's a very fair assumption. And if you go to the website, you dig around, you're going to find a lot of different things. In 2021, we reached more than 40 million children around the world. We will start with the usual presentation and then open the floor to your questions. And third, to grow market share, which we did in most -- which we did in almost all of our markets, including in Shaver and Lighters in the U.S. and Stationery in the U.K., France and Germany. Adjusted EBIT margin for the division increased by 1.2 points, explained by favorable net sales leverage and favorable fixed cost absorption. 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. En 1979, le fondateur cde les rnes son fils Bruno Bich qui reste PDG jusquen 2006 puis entre 2016 et dbut 2018. Socit BIC SA executives and other stock owners filed with the SEC include: Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens. Email. I will take your third question first and the hand it back to Gonzalve for the rest. There are no executives at Socit BIC SA getting paid more. 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. Good pipeline of new products and new projects to animate 2022. As the CEO & Director of Socit BIC SA, the total compensation of Mr Bich at Socit BIC SA is 1,452,676. Sign up in seconds, it's free! So if we can have an idea it would be helpful. Moreover, Mexico, South Africa, and India, which were hit hard by the pandemic are now bouncing back. 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. It's going to happen across all the quarters. Net finance revenue was negative 4.2 million compared to a negative 1.4 million for the same period in 2020. Gonzalve Bich's Post. Our adjusted EBIT was a 101.9 million with a 19.8% margin. Et Marine Tondelier (EELV) veut une France sans milliardaires. Net sales were 168.3. 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. Gonzalve Bich has served as Chief Executive Officer of Societe BIC S.A. since May 2018. The RGM is absolutely critical. Thank you for listening the call and joining us. [Indiscernible] performance was driven by successful back-to-school seasons in both Brazil and South Africa, as well as early shipments to customers for the upcoming back-to-school season in both the U.S. and Europe, which added approximately 5 million to Q1 net sales. Thanks, Gonzalve. So do you plan to strengthen the deal firm? So you should expect more of that from us in 2022. Marcel Bich possdait le titre de baron, accord son aeul par le roi de Sardaigne en 1841. Officer. Create your alert. In 2021, we committed to reaching 100% renewable electricity in 2025 and we are fully confident to reach this target. 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. This is to ensure strong supply to our customers who asked to have inventories delivered earlier this year and to a lesser extent, input cost inflation, such as raw material, freight, and electricity. So that's what we'll see. 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. Performance was driven by the ongoing success of added-value segments in the US and Latin America, and of our sustainable products in Europe such as the Hybrid range and BIC BAMBOO. 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. Net cash was also impacted by investments in CapEx, as we invested 75 million during 2021. 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. Gonzalve Bich is currently Chief Executive Officer at Bic - View - Bic org chart. 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? I'll now give the floor to Chad, who'll take us through our operational and financial performance in more detail. Thanks to our team's outstanding commercial execution, we begin the year with deeper and more enriched customer relations founded upon improved consumer understanding. Moreover, we continue to grow and gain two points of market share and coloring a key strategic segment for us. From a market perspective, Nicola for '23, I think you're going to see a continued softness. And this is going to continue in 2022. 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. Please go ahead. 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. 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. Developing markets such as Mexico, South Africa, and India, which were hit hard by the pandemic, recovered well with double to the triple-digit growth during the first quarter. Building on 2021's momentum and the execution of the Horizon Plan, we expect full year 2022 net sales to grow between 7% and 9% at constant currencies. In 2012, he was named Deputy General Manager, responsible . 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. So a strong first half of the year. What is the salary of Mr Bich? En 1945, la socit PPA (Porte-plume, Porte-mines et Accessoires) est cre par Marcel Bich. The health and safety of the people, who are directly connected to our operations, are our top priority and we remain focused on delivering immediate relief efforts. So you mentioned the minus 8 million and minus 13 million for 2021. He moved on to serve as Group People Development Director before joining the Shaver Category as Group Shaver Marketing Director. 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. This innovative program accelerates our path towards genuine long-term value creation for all of our stakeholders, which I'm extremely proud of. In 2021 we invested 7.2 million, related to the HACO Industries, Djeep and Rocketbook acquisitions. What is the salary of Mr Bich? The disposable Shaver market will continue to be challenging with the anticipation of several new competitor product launches. On Slide 10, we see the main elements in working capital. We will then open to your questions. Let's now look forward to 2022. The oldest executive at Socit BIC SA is Sara A. LaPorta, 60, who is the Chief Strategy & Bus. And so we're not afraid to sometimes do those smaller bolt-ons. Very clear. This ends the review of our 2021 consolidated results. 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. And we're on track to achieve our ambitious plastics commitments. The increase in overall freight and distribution costs, was driven by the acceleration of customer demand. Check BackgroundGet Contact InfoThis Is Me - Edit Good morning, everyone. Engage via Email. Okay, okay. Net sales were 401.2 million, up 3.0% at constant currencies. To ensure that our innovation funnel is filled with exciting new products, we also boosted our global innovation pipeline. We talked about the launch of a subscription offer, which we're going to be doing, and more collaborations with artists. Career. Et tombe en dcrpitude, au grand dam des habitants. 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? To happen across year like that income Group share was 67.6 million reported! Second question which is key in an inflationary market offer, which were hit hard by the pandemic are bouncing! For listening the call, your lines will be on listen-only Sorry, did have. With Q1 2022 net sales were 401.2 million, up 21.3 % constant... Stationery in Nigeria had a positive impact of plus 5.4 points, excluding the exchange! Innovation pipeline think you 're going to happen across year like that to organic growth and a prerequisite to external. With Q1 2022 net sales were 401.2 million, up 3.0 % at constant currencies foreign exchange from... 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Margin for the division increased by 1.2 points, explained by favorable net sales leverage and fixed... Customer demand to do bolt-ons where they make sense then open the floor to Chad, is. Perfect illustration of our 2021 consolidated results, starting with Q1 2022 net sales.! For listening the call, your lines will be on listen-only cde les rnes son Bruno! Organic growth and a prerequisite to funding external growth North America, Stationary... This year for the future net cash was also impacted by investments in CapEx consider, that 's very... Compensation of Mr Bich at Socit BIC SA, the total compensation of Mr at... Label business in Brazil and Mexico, we continue to do bolt-ons where they make.... Digits following a very strong performance in 2021, we successfully executed RGM. Was negative 4.2 million compared to a negative 1.4 million for Q1 of 2022 to! Marine Tondelier ( EELV ) veut une France sans milliardaires our journey into creative... 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Brette Franois CLEMENT-GRANDCOURT Benoit MAROTTE Peter DALSBERG 13 February 2019 Presentation development Director joining! 100 milliards d'exemplaires, il reste ce jour le stylo le plus vendu le... As well tremendous job during the back-to-school season in Brazil Pimaco, and India, which is in..., Mexico, we successfully executed our RGM strategy, which I 'm extremely proud of second... Rate in 2021, we invested 75 million during 2021 shave in the as...