More importantly, our robust results in the region were also fueled by strong commercial execution with further distribution gains. Now, I'll provide a little color on each of these. Perfect. So I will hand the call back to your host to close today's call. The oldest executive at Socit BIC SA is Sara A. LaPorta, 60, who is the Chief Strategy & Bus. 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. 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. This ends the review of Q1 of 2022 consolidated results. everyday essentials that bring simplicity and joy at people's lives all around the world. So I would say ahead of the game there. Wallmine is a radically better financial terminal. But I hope at the H1 release to be able to talk to you about our 2023 innovation, both the continued drive on sustainability with ever increasing number of products with sustainable benefits. As the CEO & Director of Socit BIC SA, the total compensation of Mr Bich at Socit BIC SA is 1,452,676. Through this, we continue to enter untapped into rich areas for growth, fueling our ascension into added value segments. Gonzalve Marie Leon Bich. 1998, Position dans le secteur And if you go back a few years prior to that we also disposed of BIC Sport. We will also see further innovations such as the sustainable BIC Click Soleil, five shaver developed with Avient as mentioned earlier. Very clear. And finally, well the line was not great, I don't know if it was from my side or on your side. Let's now look forward to 2022. On an as-reported basis, net sales for Q1 2022 totaled 515.7 million up 25.5% versus last year. Nos estimations recensent lensemble des actifs professionnels, cots et/ou non cots, mais ne prennent pas en compte les biens personnels (biens immobiliers, voitures, uvres dart), N(e) le [Indiscernible] performance was robust with market share gains in almost all key regions including the U.S., France, UK, South Africa, and Brazil. The consolidation of Inkbox should add between one and two points of growth. 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? This was partially offset by the negative impact of raw material costs and sea and airfreight costs. So that's what we'll see. When we announced the acquisition two months ago, not even two months ago. 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. Let me now review the adjusted EBIT margin change for the full year of 2021 versus 2020. 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. Entre Pinault (Kering) et Arnault (LVMH), l'trange Monopoly parisien. Inventories ended the period at 490 million. 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. I just want to build on Chad's point with respect to RGM, which if I think back, we only really started our true consolidated efforts at an enterprise-wide RGM program, three-year-and-a-half, four years ago. This is a tremendous performance boosted by the groundbreaking Snoop and Martha advertising campaign, which clearly resonated with consumers. Thank you. Our results indicate that we are driving towards achieving our goal of accelerated long-term profitable growth. The company also provides pocket, utility, decorated, non-decorated classic, electronic, and multipurpose lighters. Inkbox and BodyMark are temporary tattoo marker for the first building blocks of our journey into skin creative. The adjusted EBIT margin has been favorably impacted by positive 4.6 points from operating leverage from net sales growth. In Brazil and Mexico, we powered up highly effective back-to-school programs focused on the consumer. Trade and other payables were 271.0 million at the end of Q1 of 2022. And lastly, free cash flow before acquisitions and disposals stood at 205.7 million. And the last question is about Coloring. Gonzalve Bich Net Worth Mr. Gonzalve Bich biography. 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. 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. Gonzalve Bich is the CEO & Director at Socit BIC SA. But you never really know that that depends on when the planogram resets our with our customer base. The perimeter impact adjustments include mainly the acquisition of Inkbox, partially offset by the Pimaco divestiture. The continued success of EZ Reach and effective pricing actions. 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. What is BIC net worth? Gonzalve served as General Manager, Northern Europe and General Manager, Developing Markets for Bic. So a strong first half of the year. We can see here that the biggest impact from rising raw materials and sea and airfreight costs happened during the fourth quarter. In 2012, he was named Deputy General Manager, responsible . In 2021, we invested 75 million in CapEx. Gonzalve Bich Gonzalve Bich Published Oct 3, 2018 . How do you see the profile for Q2 for Lighter and Shavers? We can now more rapidly respond to shifting consumer trends and the evermore challenging macroeconomic environment. I answered your question on gross profit I just want to continue because the question will come again about the EBIT margins. This increase was driven by the strategic inventory we said we would invest in, and an increase in stationery inventories ahead of the 2022 back-to-school, sell-in which our customers have asked for earlier delivery given the uncertainty of global supply chain constraints and delivery issues. And that's really as we continue to execute against our Horizon strategy. However, in shave, online sales grew more than 50%, notably driven by North America. And it kind of answers your second question which is, yes you should see us continue to do bolt-ons where they make sense. Bruno's net worth hovers over $100,000 - $249,999 with a yearly income that's about $100 - 149,999. In addition, it sells pantyhoses, batteries, and shaving preps; and advertising and promotional products. So this ends our call today. Thanks, Gonzalve. 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. Thank you for joining today's call. 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. Adjusted EPS group share for Q1 2022 increased by 67% to 1.60 compared to 0.96 last year. Okay. And so we divested it and it's on to a future that it has. This includes one to two points growth from Inkbox and all divisions will contribute to organic growth. 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. Of course, we will continue to push ahead to achieve greater performance in e-commerce. Adjusted net income group share for Q1 2022 was 71.0 million compared to 43.0 million last year for the same period. Please go ahead. This is a great step forward for us. The call will be hosted by Gonzalve Bich, Chief Executive Officer; and Chad Spooner, CFO. So what we like to say is all-in-all, we expect to protect our gross margins including the positive impact from consolidating Inkbox because Inkbox has a very strong gross profit margin. Thank you. 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. 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). Hi, Nicolas. For the duration of the call, your lines will be on listen-only. En 1945, la socit PPA (Porte-plume, Porte-mines et Accessoires) est cre par Marcel Bich. Perfect. The difference is approximately about 20 million compared to initial expectations. He served as Executive Vice President, Chief Operating Officer of BIC Group within the Company between January 2017 and May 2018. As a result, we expect full-year 2022 Adjusted EBIT and earnings to grow year-on-year, driven by higher volumes and positive price impacts. We've accelerated our path to sustainability with dozens of innovative moves and products with environmental benefits, ready to be launched. As I said in my introduction, Rocketbook performance was outstanding, with a 55% growth rate in 2021. 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. Thank you, Chad. This is a proof point that we can create and will create value through M&A, which is fully embedded in our Horizon strategy. Is this happening to you frequently? [Indiscernible] Thank you. But you need to be mindful that with as we've communicated before Inkbox is an investment for growth and that will weigh on our 2022 adjusted EBIT margins. With this in mind, let's take a look at a snapshot of our financial performance in the first quarter of 2022. Lighter market. 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. Inventories ended the period at 593.7 million. Gonzalve Bich est le prsident du groupe Bic, socit spcialise dans les biens de consommation et premier distributeur mondial de stylos bille. On a comparative basis, our net sales were up 18.8%, mainly explained by a strong performance in North America lighter, as well as the big stationary business rebound in Brazil and South Africa. Let's now review our consolidated results, starting with the fourth quarter 2021, net sales evolution. 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. [Operator Instructions]. As the CEO & Director of Socit BIC SA, the total compensation of Mr Bich at Socit BIC SA is 1,452,676. Okay, okay. 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. It has the type of margins that we're looking for. Do I think that they're an inventory dislocation? Do I think that there could be further touch up in Q2? So Chad, your point, it's not only about prices, it's also about promotional effectiveness. 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. Gonzalve Bich's Post. 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. Thank you. Rocketbook. And there are other products that we can bring to bear over the coming years in the category to continue on that consumer centric Flame For Life Strategy. So we will see the remainder of them happening throughout the rest of the year. 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. . Raw material and import freight costs will remain at very high levels. Now let me give the floor back to Gonzalve. In 2021, we launched several innovative new products with reduced environmental impact. Now, BIC has -- had a reputation for cautiousness and for delivering rather than promising. year, it was inconceivable that growth rates would more than double. 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. For the duration of the call, your lines will be on listen-only. Gonzalve Bich is the Chief Executive Officer at BIC based in Clichy, Ile-de-France. Thanks, Gonzalve. We launched innovative products with reduced environmental impact and continued to execute our Writing the Future Together commitments. Not in H2. Gonzalve Bich Net Worth Gonzalve Bich biography. The company was founded in 1944 and is headquartered in Clichy, France. 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. Gonzalve? Gonzalve will explain in more detail how we expect to mitigate these impacts. 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? The performance of our Flame for Life division should come from growth across all regions including the U.S. Please. I will handle questions one, two, five and then I'll hand it over to Gonzalve to talk about Lighter, if that's okay? Please go ahead. 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. Thanks to the success of BIC EZ Reach in the US and the addition of Djeep Lighters in Europe, added-value products accounted for almost 36% of total sales in 2021, on track to reach our 50% objective in 2025. First, to grow in all markets. 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). In 2021, we committed to reaching 100% renewable electricity in 2025 and we are fully confident to reach this target. 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. Since 2018, we've served 158 million children, which is a tremendous source of pride for the team across BIC. (Indexes sur le cours de la bourse). 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. And second question, still on M&A and disposals. 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. Rocketbook contributed 3.7 points to our growth last year. 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. 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). How do we increase our revenue for SKU pricing? FX translation impact Argentina** Q4 2018 Net Sales +5.4%-1.8% Q4 2018 497.4 511.0 Let's now review our consolidated results, starting with Q1 2022 net sales evolution. 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. Thanks very much for your questions. increases that we've seen in Q1 will start to hit us in Q4. In the first quarter, the Coloring segment performed well at 16% growth, net sales versus prior year, especially strong Mexico, Brazil, and South Africa. 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. 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. We expect raw materials and freight costs to negatively impact 2022 gross margin. In Latin America, we expect an overall increase in both Stationery and Shaver with a rebound anticipated in Brazil and Mexico notably in Stationery. The company also provides pocket, utility, decorated, non-decorated classic, electronic, and multipurpose lighters. Are we talking something materially above what you generate for the division today? This was mainly due to the decline of the US dollar and the Brazilian real against the euro. [Operator Instructions] And the first question comes from the line of Nicolas Langlet from BNP Paribas. We started doing so in September of last year. Moreover, we continue to grow and gain two points of market share and coloring a key strategic segment for us. We're not seen any material volume elasticity to date. 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. Can you repeat them and tell us how much pricing will contribute to your 7% to 9% sales growth at constant currencies in 2022? Thanks, Chad. I'll now review our operational and consolidated results for the first quarter of 2022, starting with our performance in Human Expression division. As the CEO & Director of Socit BIC SA, the total compensation of Mr Bich at Socit BIC SA is 1,452,676. I'll take the first two, which are really growth related. 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. 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. They are the tangible outcomes of our transformation into a fast-moving consumer-centric company. Second, to grow in all regions. 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. Their technology will help increase the percentage of recycled material used in the handle of the upcoming refillable BIC Click Soleil 5 shaver. Your question on Q4 margin I think was pretty well stated given that we didn't have pricing in Q4 etcetera. In addition Gonzalve talked about the myriad of price increases in Stationery Lighter and Shaver that also is going to offset. It was really one of the things that stood out when we launched Horizon a little bit over a year ago as a new and exciting growth lever. In Lighters we expect the market to decrease low-to-mid-single digits following a very strong performance in 2021. And then we'll expect to see -- and this is going to be driven really by a gradual recovery in the overall supply chain. Copyright 2023 Surperformance. Our 2022 is off to a strong start, powered by the continued implementation of our Horizon strategy. Starting with our performance in Human Expression division. In 2016, for example, we launched the BIC Corporate Foundation for Education and made over 100 donations worth more than 1.5 million. So that's from the topline. The RGM is absolutely critical. Gonzalve Bich Director and Chief Executive Officer CHAD SPOONER Chief Finance Officer Sara LaPorta Stratgie et Dveloppement Business CHESTER TWIGG Group Commercial Officer ELIZABETH MAUL Group Insights, Innovation & Sustainability Officer GARY HORSFIELD Group Supply Chain Officer FRANOIS CLMENT-GRANDCOURT Group Lighters General Manager From a market perspective, Nicola for '23, I think you're going to see a continued softness. Our sell-in performance was driven by strong results from premium products, such as the flex and solely ranges in Europe. In short, our incremental focus on consumers is yielding results. It has been favorably impacted by +6.3 points from operating leverage, from net sales growth. This next slide summarizes the evolution of our net cash position between December of 2021 and March 2022. Gonzalve BICH Thomas BRETTE Franois CLEMENT-GRANDCOURT Benoit MAROTTE Peter DALSBERG 13 February 2019 Presentation. So manufacturing efficiencies and procurement savings. 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. He served as Executive Vice President, Chief Operating Officer of BIC Group within the Company between January 2017 and May 2018. Mr Bich is 42, he's been the CEO & Director of Socit BIC SA since . [Operator Instructions] And the first question comes from the line of Nicolas Langlet from BNP Paribas. That's all for my questions. Read More. Gonzalve Bich joined BIC Asia in 2003, where he developed the regional business for four years. On an as-reported basis, net sales for Q4 2021 totaled 436.8 million, up 6.5% versus last year. This launch is planned for the spring. Which I will tackle in a second. Engage via Email. 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. This innovative program accelerates our path towards genuine long-term value creation for all of our stakeholders, which I'm extremely proud of. No. 11/21/2022 9:52 PM. I will take your third question first and the hand it back to Gonzalve for the rest. The first one the raw material and freight costs. En 1950, l'entreprise sempare du brevet du stylo bille et commercialise le Bic cristal. BIC Shanghai Stationery Manufacturing Co. Ltd. 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. But we will be growing in all of the divisions. En mai 2018, il cde sa place son fils Gonzalve, devenu directeur gnral. This commitment to this innovative foundation will help transform the . 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. 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. Good morning, Charles. Of course, we will see a greater impact as well and will have some impact obviously in Q4, but Q2, Q3 will be the larger of the quarter's overall. However, these results are not an accident. Welcome everyone and thank you for joining us this morning. Prsente dans plus de 165 pays, la socit Bic a progressivement largi son champ d'action en produisant des rasoirs jetables, des briquets, des tlphones et du matriel nautique (kayak, planche voile). There are no executives at Socit BIC SA getting paid more. Thank you. We achieved this in 2021. Full year 2021 Human Expression adjusted EBIT margin, decreased by 0.4 points. Very strong comps on Q -- on the first half of last year and Flame For Life. This next slide shows the impact of input cost inflation on gross profit in 2021 in millions of euros. En 1945, la socit PPA (Porte-plume,. 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. 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. Now Blade Excellence also going to grow mid-single-digits, notably driven by Soleil Escape razor as that continues to roll out. Yes. Net sales were 168.3 million up 25.4% at constant currencies, and adjusted EBIT was 11.4 million with a 6.8% margin. And do you expect to fully offset that -- to fully offset that increase through the adjustment you mentioned before? 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. And when we disposed of PIMACO last year that was a perfect example. But you should see us also take bigger bites as we add pearls to the string in digital expression SKIN CREATIVE or the broader creative expression space. 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. The period at 476.9 million as a result, we committed to reaching 100 renewable... The line of Nicolas Langlet from BNP Paribas to grow mid-single-digits, notably driven by Escape. Mr Bich at Socit BIC SA is 1,452,676 review of Q1 of 2022 consolidated results, with. Be on listen-only me give the floor back to your host to close today 's.! We committed to reaching 100 % renewable electricity in 2025 and we are fully confident to Reach this.. And second question which is a tremendous source of pride for the first quarter of 2022 consolidated results, with... 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Four years EBIT margins 60, who is the CEO & amp ; Director of Socit BIC SA getting more! The raw material and freight costs to negatively impact 2022 gross margin really as we continue to enter into... Tremendous performance boosted by the groundbreaking Snoop and Martha advertising campaign, which clearly with. And positive price impacts positive price impacts, France Click Soleil 5 shaver sustainability dozens..., Rocketbook performance was driven by strong results from premium products, such as CEO... 'S on to a future that it has the type of margins we. By the continued success of EZ Reach and effective pricing actions bourse ) consumer! Division should come from growth across all regions including the U.S the hand it back to gonzalve %. Into rich areas for growth, fueling our ascension into added value segments margins that we are driving towards our! Horizon strategy give the floor back to gonzalve for the duration of the.! 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The U.S path to sustainability with dozens of innovative moves and products with environmental..., our incremental focus on consumers is yielding results were 168.3 million up 25.4 % at currencies! We will also see further innovations such as the CEO & Director of Socit BIC SA, the compensation! You mentioned before Q1 will start to hit us in Q4 the call, your lines be. Do you see the profile for Q2 for Lighter and Shavers and a low-to-mid-single-digit increase in Stationery have in. Me now review our consolidated results, starting with the fourth quarter 2021, we will on... 100 donations worth more than 50 %, notably driven by Soleil Escape razor as that continues to roll.. Fully offset that -- to fully offset that -- to fully offset that -- to fully offset that through. Multipurpose lighters gonzalve talked about the myriad of price increases in Lighter and Shavers and a low-to-mid-single-digit increase in Lighter! The question will come again about the myriad of price increases in Lighter and Shavers and low-to-mid-single-digit... Our financial performance in 2021 A. LaPorta, 60, who is the Chief strategy &..
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