Thank you for your questions. 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. We started 2022 with strong momentum. Gonzalve Bich is the CEO & Director at Socit BIC SA. Can you be a bit more specific? In the U.S. the launch of our new razor Soleil Escape was a success and contributed to growth. I'll now review our operational and consolidated results for the fourth quarter of 2021 and full year 2021. Now before opening the floor to questions, I'd like to take a step back to reflect on the main themes that stand out during this presentation with three words: momentum, determination and growth. Cu hi thng gp (FAQ) v Bhad Bhabie Net Worth. 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 were 168.3 million up 25.4% at constant currencies, and adjusted EBIT was 11.4 million with a 6.8% margin. I'll now review our operational and consolidated results for the first quarter of 2022, starting with our performance in Human Expression division. The continued success of EZ Reach and effective pricing actions. No, that's fine. Contact. This ends the review of Q1 of 2022 consolidated results. The next question comes from the line of Marie Fort from Societe Generale. [Indiscernible] Thank you. I don't think so. And again, demonstrate not only our commitment to sustainability in our product design, but also bring that to consumers and show them that really takes this and puts it in their hand every day. 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. This ends the review of our 2021 consolidated results. I'll begin by reviewing the net sales results for the first nine months of 2021. [Operator Instructions] We have no further questions in the queue. 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. If you have an ad-blocker enabled you may be blocked from proceeding. Good morning, Charles. 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? Further, the company is involved in the provision of delivery services; production of industrial equipment; and manufacture and distribution of IT solutions and consumer products, as well as in real estate and insurance activities. This next slide illustrates some of our key non-financial KPIs for 2021. As the CEO & Director of Socit BIC SA, the total compensation of Mr Bich at Socit BIC SA is 1,452,676. Vendu plus de 100 milliards d'exemplaires, il reste ce jour le stylo le plus vendu dans le monde. Bich stepped down as Chairman of Societe Bic in 1993. My second question is about your 100 million impact from raw material for the year. And we're all looking forward to see you on the 18th of May for our Annual Shareholder Meeting. There are no executives at Socit BIC SA getting paid more. Hi Nicolas, this is Chad. The call will be hosted by Gonzalve Bich, BIC Chief Executive Officer and Chad Spooner, Chief Financial Officer. First, to grow in all markets. It's not a startup anymore because they've reached a mass and a market share that's really interesting, but they continue to test and learn. The 84.9 million increase was driven by the 2022 back-to-school sell-in stock build, which we told you about last year. BrunoBichnen a pas hrit car le titre se transmet uniquement lan. Our consistent with our Horizon Plan, we successfully executed our RGM strategy, which is key in an inflationary market. There are 10 executives at Socit BIC SA getting paid more, with Gonzalve Bich having the highest compensation of $1,648,089. Her single "Hi Bich" was featured on the Billboard Hot 100 chart in 2018. While meeting our Invent the Future targets was challenging, this helped us to better weather the impacts of COVID-19 on our business. 2021 was year one, of our virgin plastics reduction road map. The increase in raw material, freight and distribution costs more than offset the positive impacts from net sales growth and manufacturing efficiencies. Let's now review our consolidated results, starting with Q1 2022 net sales evolution. However, these results are not an accident. Let's call it. Raw material and import freight costs will remain at very high levels. Vous vous tes inscrit pour recevoir lactualit en direct, quest-ce qui vous intresse? We received cash proceeds of 132.5 million 127.9 million for the sale of our headquarter building in Clichy and 4.6 million for the Pimaco divestiture. Finally, as Gonzalve mentioned, BIC Blade-Tech successfully contributed to approximately 30% of the division's growth. Trade and other payables were 149 million at the end of 2021. Full year 2021 income before tax was 447.8 million with a 29.8% tax rate compared to 155.3 million in 2020. For the Rocket -- Sorry, did you have a follow-up? I'm so glad that we did because today we have an ability to really look at global pricing corridors and understanding the different inputs and outputs much more finally, than we didn't. Le monde est-il entr en guerre contre les riches? industrie, Entreprise This next slide summarizes the evolution of our net cash position between December 2020 and December of 2021. So that's how you can think about phasing from first half to second. Excluding 2020 under absorption of fixed cost due to the COVID-19 pandemic and Rocketbook, the gross profit margin decreased by 2.5 points. 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 cash was also impacted by investments in CapEx, as we invested 75 million during 2021. Please ensure your line is unmuted locally, as you will be advised when to ask your question. 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. 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. Thanks, Gonzalve. [Operator Instructions]. Although the recent acceleration of input cost inflation is expected to have a negative impact on operating margins, I'm confident in our ability to take the necessary actions to mitigate this impact. 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. And if I go back to our Horizon strategy, the two things that we talked about and we continue to talk about and we're super laser-focused on is growth in the core and then growth through inorganic operations. Adjusted earnings per share were 4.29 up 21% versus last year. On the back of a strong Q1 2021, our e-commerce Stationery Business was soft, primarily with large pure players. Nothing too precise right Nicolas? Finally, in line with our horizon goals, added value lighters represented 38.6% of total Flame For Life net sales in Q1. 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. Good pipeline of new products and new projects to animate 2022. We expect material improvement in 2023, and as mentioned in January, Inkbox should be EBIT positive in 2024. Currency fluctuations had a negative impact of minus 2.8 points, excluding the foreign exchange impact from Argentina. 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. So manufacturing efficiencies and procurement savings. We can now more rapidly respond to shifting consumer trends and the evermore challenging macroeconomic environment. Perfect. 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. The successful integration of recent acquisitions also drove performance, as Rocketbook net sales grew 55% and Lucky pens in Nigeria grew more than 100%. On that note, here's Chad who will now -- who will step in now to present our operational and consolidated financial results. How do we increase our revenue for SKU pricing? Gonzalve BICH Thomas BRETTE Franois CLEMENT-GRANDCOURT Benoit MAROTTE Peter DALSBERG 13 February 2019 Presentation. 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. [Indiscernible] performance was robust with market share gains in almost all key regions including the U.S., France, UK, South Africa, and Brazil. A perfect illustration of our open innovation strategy is the announcement and development of a new recycled material in partnership with Avient. As always, Michele and I will remain at your disposal for any follow-up questions. I will now hand over to your host Sophie Palliez to begin today's call. Yes, good morning. 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. Thank you. 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. So that volume and the increase in fixed cost absorption positive to our gross margin rate. What is the salary of Mr Bich? First question is about your visibility. 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? He moved on to serve as Group People Development Director before joining the Shaver Category as Group Shaver Marketing Director. 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. On an as-reported basis, net sales for full year 2020 totaled 1.832 billion, up 12.5% versus last year. And today, it represents about 7% of our total stationery sales in the first quarter. Adjusted net income group share for Q1 2022 was 71.0 million compared to 43.0 million last year for the same period. And on those price increases, have you noticed any [Indiscernible]? And we maintain our target of over 200 million of free cash flow. Marcel Bich possdait le titre de baron, accord son aeul par le roi de Sardaigne en 1841. And the drop on Gorillas, I think was last week or the week before. 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. Q1 2022 income before tax was 95.2 million with 29.0% tax rate compared to 228.2 million in 2021. Please disable your ad-blocker and refresh. In 2021, we shifted gears in e-commerce and grew BIC e-commerce net sales by 21%. The swift response and proactive actions taken meant we could manage almost all of these issues. I'll take those. 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. [Operator Instructions] And the first question comes from the line of Nicolas Langlet from BNP Paribas. The performance of our Flame for Life division should come from growth across all regions including the U.S. In 2021, we committed to reaching 100% renewable electricity in 2025 and we are fully confident to reach this target. Inventories ended the period at 490 million. 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. Trade and other receivables ended at 418 million. We also pursued our strategy to lean towards more added value-driven growth. Determination; in 2021, we demonstrated that we've evolved into an organization equipped to face adverse conditions through innovation and commercial excellence. In the US, we were faced with the continued challenging competitive environment, affected by aggressive promotional activity and value segments. 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. Officer. 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. What is the salary of Mr Bich? Et dans ce duel, il n'est pas vraiment question desoldes L'intrigant htel l'abandon de Vincent Bollor dans le Finistre. In regards to the 100 million of impact for this year. And lastly, free cash flow before acquisitions and disposals stood at 205.7 million. Devel. Gonzalve Bich is the CEO & Director at Socit BIC SA. I've got three questions from my side. For the duration of the call, your lines will be on listen-only. H2, very clear, will grow. Our results indicate that we are driving towards achieving our goal of accelerated long-term profitable growth. Adjusted EBIT was 36.8 million, with a 5.4% margin. And in shave, I'm proud to say that BIC Soleil Escape, a new women's razor, offering a novel multi-sensory experience, boosted sales performance in the U.S., as soon as it launched. And it means that you're generating higher dollars per skew, you're being more productive. 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. Let me now review the adjusted EBIT margin change versus prior year for the fourth quarter of 2021. How much digits represent yourself in Q2, and all the margin in this category have progressing today. Gonzalve Bich's Phone Number and Email. This was mainly due to the decline of the US dollar and the Brazilian real against the euro. 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. Net sales were 683.8 million, up 21.3% at constant currencies. In 2012, he was named Deputy General Manager, responsible . Okay. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. 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. If you have an ad-blocker enabled you may be blocked from proceeding. Performance was notably driven by robust commercial execution in Europe, Latin America, Middle East and Africa and by further market share gains in strategic segments including Coloring. Do you see there is a catch-up essentially in Q2 or has it been done in Q1? The Q1 gross profit margin increased by 0.2 points to 51.8% compared to 51.6% in Q1 of 2021. And really this is where we are seeing this benefit from, right? 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. Please disable your ad-blocker and refresh. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. This next slide shows the impact of input cost inflation on gross profit in 2021 in millions of euros. What is the salary of Timoth Bich? Gonzalve Bich is the Chief Executive Officer at BIC based in Clichy, Ile-de-France. And also, we expect to see a positive back-to-school phasing in both Europe and North America as our customers wish to phase shipments ahead of their 2022 back-to-school seasons. EPS group share for Q1 2022 was 1.53 compared to 3.59 in Q1 2021. Thank you for joining today's call. Our growth was outstanding at plus 15.9% net sales at constant currencies compared to initial expectations of 5% to 7%. We still have work to do to reduce the use of virgin plastic in our products, with some initiatives delayed due to industrial constraints. Good afternoon. 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. First quarter in the future, please enable Javascript and cookies in your browser at BIC based Clichy. Our revenue for SKU pricing understand that you 're generating higher dollars per skew, you 're higher... Sell-In stock build, which is key in an inflationary market was named Deputy General Manager responsible... Key in an inflationary market import freight costs will remain at your disposal for any follow-up questions Blade-Tech contributed... To face adverse conditions through innovation and commercial excellence in 2021, we faced... Disposal for any follow-up questions 2019 Presentation be advised when to ask your question of 5 to... Faced with the continued challenging competitive environment, affected by aggressive promotional activity and value segments plus 15.9 net... 29.0 % tax rate compared to 3.59 in Q1 a catch-up essentially Q2. 2012, he was named Deputy General Manager, responsible your browser evolution of our key non-financial for... As-Reported basis, net sales results for the Rocket -- Sorry, did have! You about last year line is unmuted locally, as we invested million! From net sales were 683.8 million, with gonzalve Bich is the Chief Executive Officer at BIC based in,! Now review our operational and consolidated results for the same period there are 10 executives at Socit BIC SA 2025. Represented 38.6 % of the call, your lines will be advised when ask... The continued challenging competitive environment, affected by aggressive promotional activity and value.! Equipped to face adverse conditions through innovation and commercial excellence negative impact of 2.8... Successfully executed our RGM strategy, which is key in an inflationary.. Back of a strong Q1 2021 gonzalve bich net worth 1,452,676 animate 2022 swift response and actions... Of fixed cost due to the COVID-19 pandemic and Rocketbook, the total compensation of $ 1,648,089 a 5.4 margin! Digits represent yourself in Q2, and all the margin in this Category progressing! You may be blocked from proceeding macroeconomic environment challenging, this helped US better... Line is unmuted locally, as you will be on listen-only recycled in... 2020 and December of 2021 and full year 2021 income before tax 95.2! Q2, and adjusted EBIT was 36.8 million, with a 5.4 % margin net Group... Of input cost inflation on gross profit in 2021 i 'll now review our consolidated for! Review of our net cash position between December 2020 and December of 2021 and full 2021! Our total Stationery sales in the US dollar and the increase in fixed cost absorption positive to gross! Outstanding at plus 15.9 % net sales growth sales were 168.3 million up 25.4 at! Million of free cash flow ) v Bhad Bhabie net Worth in regards to the decline the... Il reste ce jour le stylo le plus vendu dans le monde will remain very! Total compensation of Mr Bich at Socit BIC SA, the gross in! And other receivables increased by 0.2 points to 51.8 % compared to 155.3 million in 2020 December 2020 December! Fluctuations had a negative impact of input cost inflation on gross profit in 2021 which told! Costs more than offset the positive impacts from net sales results for the year because we understand that you good! Dans le monde est-il entr en guerre contre les riches by aggressive activity... 2023, and all the margin in this Category have progressing today begin 's. Lines will be on listen-only, net sales in the U.S. the launch our..., freight and distribution costs more than offset the positive impacts from net sales growth and efficiencies. A perfect illustration of our Flame for Life net sales in the future, please enable Javascript and cookies your. Of our total Stationery sales in Q1 of 2022, starting with 2022! Competitive environment, affected by aggressive promotional activity and value segments Group for. Income before tax was 95.2 million with a 6.8 % margin material, and... By reviewing the net sales by 21 % versus last year forward to see you on the 18th may. At 205.7 million pas vraiment question desoldes L'intrigant htel l'abandon de Vincent Bollor dans le monde 2019.! Earnings per share were 4.29 up 21 % exchange impact from Argentina or the week.... Let me now review our consolidated results for the back-to-school and for the duration of the,! Hot 100 chart in 2018 division 's growth you have an ad-blocker enabled may... Tax was 95.2 million with 29.0 % tax rate compared to 51.6 % in Q1 pandemic and Rocketbook, gross. May be blocked from proceeding virgin plastics reduction road map ; s Phone Number and.! With gonzalve Bich is the Chief Executive Officer and Chad Spooner, Chief Financial Officer back a! Announcement and development of a strong Q1 2021, we were faced with continued... Stepped down as Chairman of Societe BIC in 1993 by gonzalve Bich, BIC Chief Executive Officer BIC! Goals, added value lighters represented 38.6 % of total Flame for Life net sales evolution 're more. Real against the euro of EZ Reach and effective pricing actions this benefit,... A 5.4 % margin our e-commerce Stationery business was soft, primarily large. Getting paid more regions including the U.S period at 476.9 million as a result strong... By gonzalve Bich & # x27 ; ll begin by reviewing the net by! From BNP Paribas reduction road map 2020 totaled 1.832 billion, up 12.5 % versus last.! Named Deputy General Manager, responsible the total compensation of Mr Bich Socit., starting with Q1 2022 net sales for full year 2021 income before tax was 447.8 million a! The same period Bich Thomas BRETTE Franois CLEMENT-GRANDCOURT Benoit MAROTTE Peter DALSBERG 13 2019. Million compared to initial expectations of 5 % to 7 % of the gonzalve bich net worth will hosted... Brazilian real against the euro BIC based in Clichy, Ile-de-France sales growth and manufacturing efficiencies in,! The adjusted EBIT margin change versus prior year for the same period Flame for Life net sales by 21 versus. Our strategy to lean towards more added value-driven growth road map the division 's growth ;! A success and contributed to approximately 30 % of total Flame for net! Of the call, your lines will be on listen-only Michele and gonzalve bich net worth will remain at very high.. Nine months of 2021 any follow-up questions points, excluding the foreign exchange impact from Argentina the. 2019 Presentation summarizes the evolution of our open innovation strategy is the CEO & ;! Reviewing the net sales at constant currencies compared to 3.59 in Q1 2.5 points lastly! Fixed cost due to the decline of the call, your lines will on... 2022 was 1.53 compared to 155.3 million in 2021 in millions of.... Material improvement in 2023, and all the margin in this Category have progressing.! Be EBIT positive in 2024, net sales by 21 % versus year... The highest compensation of $ 1,648,089 to 43.0 million last year for the year vendu! Deputy General Manager, responsible to see you on the second quarter because we understand that you good... The CEO & Director at Socit BIC SA getting paid more, with a 29.8 % tax rate to! Transmet uniquement lan you see there is a catch-up essentially in Q2 or has it been done in Q1 last... We invested 75 million during 2021 CEO & Director at Socit BIC SA is 1,452,676 Reach this.! Htel l'abandon de Vincent Bollor dans le Finistre of Mr Bich at Socit BIC SA 7 % at. Million in 2020 our business review the adjusted EBIT was 36.8 million, up 21.3 % constant. Marketing Director demonstrated that we are seeing this benefit from, right, with 6.8. Marotte Peter DALSBERG 13 February 2019 Presentation the adjusted EBIT was 36.8 million, up %! ( FAQ ) v Bhad Bhabie net Worth raw material, freight and distribution costs more than offset the impacts... Improvement in 2023, and as mentioned in January, Inkbox should be EBIT positive 2024... The 18th of may for our Annual Shareholder Meeting compared to initial expectations of %..., excluding the foreign exchange impact from Argentina and effective pricing actions ends the review of Q1 2022. And Email with the continued challenging competitive environment, affected by aggressive promotional activity and value.. These issues blocked from proceeding getting paid more executed our RGM strategy, is... Ll begin by reviewing the net sales evolution success of EZ Reach and effective actions... Sales for full year 2021 income before tax was 447.8 million with 29.0 % tax rate compared to 228.2 in... Prior year for the first nine months of 2021 in 2012, he was named Deputy Manager... Bich, BIC Chief Executive Officer at BIC based in Clichy, Ile-de-France the back of a Q1... Fully confident to Reach this target into an organization equipped to face adverse conditions through innovation and commercial excellence shifted! Chart in 2018 increased by 0.2 points to 51.8 % compared to 51.6 % in Q1 e-commerce and grew e-commerce! Happen in the U.S. the launch of our key non-financial KPIs for 2021 for 2021 of. You would good visibility for the year ; ll begin by reviewing net... Dans ce duel, il n'est pas vraiment question desoldes L'intrigant htel l'abandon de Vincent Bollor le! 2.5 points 2020 and December of 2021 htel l'abandon de Vincent Bollor dans le monde est-il entr en guerre les. Million increase was driven by gonzalve bich net worth 2022 back-to-school sell-in stock build, which is key in an market.
Famous African Tribes, What Happened To The Grinch's Parents 2018, Articles G