Check BackgroundGet Contact InfoThis Is Me - Edit The adjusted EBIT margin has been favorably impacted by positive 4.6 points from operating leverage from net sales growth. In e-commerce, we achieved double-digit to triple-digit growth in developing markets like, India and Brazil. In addition Gonzalve talked about the myriad of price increases in Stationery Lighter and Shaver that also is going to offset. If you have an ad-blocker enabled you may be blocked from proceeding. My second question is about your 100 million impact from raw material for the year. Of course, we will continue to push ahead to achieve greater performance in e-commerce. Nothing too precise right Nicolas? There are no executives at Socit BIC SA getting paid more. The company was founded in 1944 and is headquartered in Clichy, France. 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. He moved on to serve as Group People Development Director before joining the Shaver Category as Group Shaver Marketing Director. And we should continue to see the company do that. And a little under 24 months, we've assembled an outstanding management team. This was partially offset by the negative impact of raw material costs and sea and airfreight costs. Full year 2021 Flame For Life adjusted EBIT margin improved by 2.6 points fueled by the strong increase in net sales, partially offset by higher brand support and higher freight and distribution costs. Part of this strong performance was due to the delayed shipments of orders in the fourth quarters -- fourth quarter of 2021 effected by supply chain issues. All rights reserved. Gonzalve Bich has served as Chief Executive Officer of Societe BIC S.A. since May 2018. The disposable Shaver market will continue to be challenging with the anticipation of several new competitor product launches. As we move towards a more efficient capital allocation, the greatest focus was in our Flame For Life division, which accounted for 43% of the total. Hi, Nicolas. And probably could you help us also to monetize our margins in terms of phasing for all over the year? Adjusted EBIT was 36.8 million, with a 5.4% margin. And one of the things I'm most excited about is it's about creating a new space because we're good at fighting the fight in very mature markets it's a totally different business when you start creating from scratch. Adjusted EPS group share for Q1 2022 increased by 67% to 1.60 compared to 0.96 last year. So we're not planning significant increases in unallocated costs is a way to think about it. Net sales were 168.3 million up 25.4% at constant currencies, and adjusted EBIT was 11.4 million with a 6.8% margin. 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? 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. We currently have no questions in the queue. And as a reminder, our Q1 results will be released on 25th of April and our next AGM will be held on May 18. So as a reminder, [Operator Instructions] we have no further questions in the queue, so I will hand the call back to your host for some closing remarks. Read More. Our Flame For Life results were a major achievement this quarter, despite a strong unfavorable comparable base. Now, on the back of that, what -- what is H2 look like? In short, our incremental focus on consumers is yielding results. Adjusted net income group share was 191.7 million, compared to 159.4 million last year for the same period. In Stationery, we have low single-digit price increases planned in both office products and modern mass channels in the first half in Europe. Moving now to shareholder remuneration. Inkbox and BodyMark are temporary tattoo marker for the first building blocks of our journey into skin creative. And we gained 50 basis points value share and consolidated our solid number one position with more than 57% market share. It has been favorably impacted by +6.3 points from operating leverage, from net sales growth. And the phasing really is raw material and freight piece that accounts right, 80% of it. For the duration of the call, your lines will be on listen-only. Vos prfrences ont bien t enregistres. Many thanks. Please go ahead. Their technology will help increase the percentage of recycled material used in the handle of the upcoming refillable BIC Click Soleil 5 shaver. So I'll just repeat, the fact that we have plans to increase prices in all categories and regions and I'll walk through those again for you slowly. We decreased the DSO as a result of our collection processes, improvements. And beyond 2022, how do you see the U.S. 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. En mai 2018, il cde sa place son fils Gonzalve, devenu directeur gnral. 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. Marcel Bich possdait le titre de baron, accord son aeul par le roi de Sardaigne en 1841. I'll start this presentation with an overview of our 2021 achievements and then cover the key drivers of those achievements in more detail. And as Gonzalve mentioned that could have -- that will have an anticipated 50 to 80 basis points negative impact on our margins in 2022. As we make progress in our Horizon transformation journey, 26% of Human Expression net sales came from creative and digital expression segments. However, these results are not an accident. Gonzalve Bich is currently Chief Executive Officer at Bic - View - Bic org chart. He added a question in U.S. Thank you. This year for 2022 we expect sales of BIC Blade-Tech to be between 15 million and 20 million. [Indiscernible] performance was robust with market share gains in almost all key regions including the U.S., France, UK, South Africa, and Brazil. BrunoBichnen a pas hrit car le titre se transmet uniquement lan. 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. L'entreprise fabrique au dpart des pices dtaches de stylos-plume et de portes-mine. And in regards to price, Gonzalve gave quite a thorough breakdown. #9. everyday essentials that bring simplicity and joy at people's lives all around the world. 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. Gonzalve Marie Leon Bich. Thank you for listening the call and joining us. Adjusted EBIT margin for the division increased by 1.2 points, explained by favorable net sales leverage and favorable fixed cost absorption. Next question comes from the line of Marie Fort from Societe Generale. 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. 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. We had those in sell out in the market as well. 2021 was year one, of our virgin plastics reduction road map. [Operator Instructions] We have no further questions in the queue. The adjusted EBIT margin has been favorably impacted by 0.2 points from Rocketbook. There are no executives at Socit BIC SA getting paid more. They have a new product roadmap and we'll be rolling that out. Currently, we passed on approximately 20% in the first quarter. Q1 2022 Human Expression adjusted EBIT margin increased by 4.2 points. There are 10 executives at Socit BIC SA getting paid more, with Gonzalve Bich having the highest compensation of $1,648,089. So -- and it will also positively impact profitability okay? Thank you, Sophie. Is this happening to you frequently? Do you see there is a catch-up essentially in Q2 or has it been done in Q1? And the drop on Gorillas, I think was last week or the week before. Full year 2021 Human Expression adjusted EBIT margin, decreased by 0.4 points. Our net cash position at the end of December 2021 . The oldest executive at Socit BIC SA is Sara A. LaPorta, 60, who is the Chief Strategy & Bus. So that's Stationery. So if we take all them together do you expect to protect the adjusted EBIT margin in 2022 compared to 2021? Okay, okay. Thank you, Gonzalve. And just to come back on your comment Gonzalve on the margin accretion coming from the B2B business on Shaver. 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 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. BIC Shanghai Stationery Manufacturing Co. Ltd. And the challenge for us is really getting back to that Flame For Life Horizon strategy of increasing value over volume, but also driving volume where we have consumer appreciation. Gonzalve Bich Shelton, Connecticut, United States 9K followers 500+ connections Join to view profile Oct 3, 2018 Activity I finally met Marta and Snoop Dog yesterday when in the office very. If anything, I think that they're an interesting way to create dynamism in a portfolio. In Lighters, the increase in pocket US lighters should be on average mid single-digit and implemented between February and May in modern mass and convenience channels. On an as-reported basis, net sales for full year 2020 totaled 1.832 billion, up 12.5% versus last year. From a mid-term perspective I think that we could think about BIC Blade-Tech accounting for between one-fourth and one-third of total Blade Excellence sales. The continued success of EZ Reach and effective pricing actions. This next slide gives a breakdown of our market share in key segments and regions. Our balance sheet is purposefully strong because we believe that a sound financial situation is key in the current volatile environment. In North America, the Stationary market should be flat to slightly increasing, following vigorous growth in 2021. labor shortages of last year. Currency fluctuations had a negative impact of minus 2.8 points, excluding the foreign exchange impact from Argentina. First, to grow in all markets. This includes one to two points growth from Inkbox and all divisions will contribute to organic growth. And I'm really pleased with what the team's been doing. En 1945, la socit PPA (Porte-plume, Porte-mines et Accessoires) est cre par Marcel Bich. Since the launch of the plan, we acquired two fast-growing companies Rocketbook and Inkbox, in addition to Djeep bought in June of 2020. Updating coloring. 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. Gonzalve Bich is the CEO & Director at Socit BIC SA. We all know that in mass manufacturing business like BIC, that translates into mid and long term sustainable savings, which can either be reinvested into the business or dropped to the bottom line. Let's now review our consolidated results, starting with the fourth quarter 2021, net sales evolution. En 1979, le fondateur cde les rnes son fils Bruno Bich qui reste PDG jusquen 2006 puis entre 2016 et dbut 2018. And I will now hand it over to Gonzalve for the lighter questions. I'd also mention the outstanding execution of our e-commerce teams worldwide, particularly in developing countries where sales growth was more than 60%. Momentum; while the world is facing another potentially unpredictable year we're confident that what we built in 2021 will carry us forward and we have the traction for further acceleration. Which I will tackle in a second. Adjusted EBIT will be impacted by an increase in brand support to support 2022 net sales growth and more R&D and OpEx to support long-term growth. The oldest executive at Socit BIC SA is Sara A. LaPorta, 60, who is the Chief Strategy & Bus. This next slide summarizes the evolution of our net cash position between December 2020 and December of 2021. In Q1 of 2022, we invested 17.6 million in CapEx. I have every confidence in our strategic choices and our ability to achieve our objectives, including sustainable returns to shareholders. Gonzalve Bich Net Worth Mr. Gonzalve Bich biography. Thanks for your question on BIC Blade-Tech, which I'm super excited about. In 2021, we reached more than 40 million children around the world. Thanks, Gonzalve. 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. 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. Reaching the targets a year early in the midst of the pandemic and continued volatile trading conditions is a testament to the strength of our model and an outstanding achievement by the teams. We have a good back-to-school in front of us in all of the geographies, Europe, North America, Mexico, those are the big ones for third quarter, which will finish shipping in Q2. As we continue to focus on driving complexity reduction across our portfolio, we achieved a 10% SKU reduction in the first quarter of this year. I'm extremely proud of how our teams have pulled together to deliver an exceptional quarter with double-digit growth across all our categories and accomplishing this, while navigating continued supply chain issues and rising inflation in addition to labor shortages of last year. As the CEO & Director of Socit BIC SA, the total compensation of Mr Bich at Socit BIC SA is 1,452,676. Gonzalve Bich joined Bic in 2003. 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. Gonzalve Bich Net Worth Gonzalve Bich biography. Now, before I give the floor to Chad, I want to say a word about our Invent the Future plan. Welcome to BIC full year 2021 results conference call. Gonzalve Bich joined BIC Asia in 2003, where he developed the regional business for four years. 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. Rocketbook contributed 3.7 points to our growth last year. These robust results are important achievements for 2021, but more importantly they position us strongly against our competitors in 2022. Our next major milestone within reach is attaining a 15th share of this important pillar of horizon. There are no executives at Socit BIC SA getting paid more. Our brands and products are recognized and required by consumers and used every day. 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. Please disable your ad-blocker and refresh. Thanks, Chad. And as we talk about the gross profit and the headwinds we talked about the volume. 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 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. So very much a strong contributor to the total division in the mid-term and accretive to profit margins. 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). This ends our presentation for today, and we're now ready to answer your questions. Yes. Since 2018, we've served 158 million children, which is a tremendous source of pride for the team across BIC. 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. Let me now review the adjusted EBIT margin change for the full year of 2021 versus 2020. 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. So if we can have an idea it would be helpful. 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. . 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. Our hearts go out to everyone affected. However, we managed to successfully gain market share in premium ranges. You may now disconnect your lines. I'll now review our operational and consolidated results for the fourth quarter of 2021 and full year 2021. Thank you, Gonzalve. Please go ahead. 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 always, Michele and I will remain at your disposal for any follow-up questions. Moreover, Mexico, South Africa, and India, which were hit hard by the pandemic are now bouncing back. We achieved this in 2021, with notable performance in developing markets where we grew more than 60% overall. In the US, we gained 1.2 points market share in Lighters, leaning towards a more added value-driven model with products like EZ Reach. Raw material and import freight costs will remain at very high levels. Moreover, we continue to grow and gain two points of market share and coloring a key strategic segment for us. Right now, though we're very focused also on building. 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. Mr Bich is 42, he's been the CEO & Director of Socit BIC SA since . Lighters should decrease low-to-single digit. We expect all of our divisions to deliver organic growth this year in 2022, as we continue our momentum from last year. I'll now review our operational and consolidated results for the first quarter of 2022, starting with our performance in Human Expression division. You've added a question. Gonzalve Bich Net Worth Mr. Gonzalve Bich biography. 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. In less than two years, EZ Reach has achieved 4.3% market share of the total pocket lighter market in value. Please go ahead. In less than 24 months, they transformed their market approach. Last updated: 1 March 2023 at 11:00am EST. Thanks to three-blade products such as Comfort 3 and Simply Soleil. Now let me give the floor back to Gonzalve. as of January 2017. As I said in my introduction, Rocketbook performance was outstanding, with a 55% growth rate in 2021. Determination; in 2021, we demonstrated that we've evolved into an organization equipped to face adverse conditions through innovation and commercial excellence. 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? And lastly, we expect a continued rebound in India, which to date has been severely impacted by the pandemic. Last Update. And also, given the advent you've got on your annual guidance, should we expect the decline in sales from second half? The full year gross profit margin increased by 2.7 points at 50.8% for 2021, compared to 48.1% in 2020. Gonzalve Bich is the CEO & Director at Socit BIC SA. 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. Let's now look forward to 2022. (Indexes sur le cours de la bourse). While meeting our Invent the Future targets was challenging, this helped us to better weather the impacts of COVID-19 on our business. The call will be hosted by Gonzalve Bich, Chief Executive Officer; and Chad Spooner, CFO. Our growth was outstanding at plus 15.9% net sales at constant currencies compared to initial expectations of 5% to 7%. Gonzalve Bich is the CEO & Director at Socit BIC SA. On the back of a strong Q1 2021, our e-commerce Stationery Business was soft, primarily with large pure players. We bought back 13.1 million worth of shares in the first-quarter of 2022. The first one in terms of price adjustment. The Q4 gross profit margin increased by 0.9 points to 49.0%, compared to 48.1% in Q4 of 2020. FULL YEAR 2018 RESULTS Gonzalve BICH Jim DIPIETRO. Et Marine Tondelier (EELV) veut une France sans milliardaires. Okay. And we maintain our target of over 200 million of free cash flow. I will now hand over to your host, Sophie Palliez, to begin today's call. Trade and other payables were 271.0 million at the end of Q1 of 2022. Lighter market evolving in value term? So I'm guardedly optimistic about the perspective for the future. Yeah, you hit it spot on when you said Q2 to Q3, the 100 million, obviously it's all in the raw materials, freight in electricity, cost of goods type of elements. Is this happening to you frequently? And it kind of answers your second question which is, yes you should see us continue to do bolt-ons where they make sense. On the back of a soft first quarter 2021, the stationary market increased doubled digit. The dividend payment was 80.9 million and we bought back 39.2 million worth of shares in 2021. This is a tremendous performance boosted by the groundbreaking Snoop and Martha advertising campaign, which clearly resonated with consumers. Consistent with our Horizon Plan's target 2022 free cash flow is expected to be above 200 million. In our Flame For Life division, net sales were 718.5 million, up 20.3% at constant currencies. It has the type of margins that we're looking for. I will now hand over to your host Sophie Palliez to begin today's call. The dividend payment was 80.9 million and we bought back 39.2 million worth of shares in 2021. The next question comes from the line of Marie Fort from Societe Generale. When we announced the acquisition two months ago, not even two months ago. With a relentless focus on consumers, our Horizon strategy is well underway in yielding results. That's all for my questions. This also demonstrated that our all flame occasion strategy is relevant and can sustain growth in lighter. This commitment to this innovative foundation will help transform the . Okay. Thank you again for your question and see you soon. EPS group share for full year 2021 was 7.02, compared to 2.08 in full year 2020. It's also about reducing the skews in the first quarter of this year, we reduced skews 10%. Early life. Net income group share was 314.2 million as reported for 2021, compared to 93.7 million for 2020. Our sell-in performance was driven by strong results from premium products, such as the flex and solely ranges in Europe. Currency fluctuations had a positive impact of 2.9 points excluding the foreign exchange impact from Argentina. But first, I'd like to take a moment to acknowledge the increasing struggles of the conflict in Ukraine is causing for its people. What is BIC net worth? And do you expect to fully offset that -- to fully offset that increase through the adjustment you mentioned before? g***@bicworld.com. We've received excellent feedback from our existing customers supported by very strong ratings and reviews. There are 2 older and no younger executives at Socit BIC SA. Gonzalve will explain in more detail how we expect to mitigate these impacts. As we continue to ramp up sales to the different customer sets. Currency fluctuations had a positive impact of plus 5.4 points, excluding the foreign exchange impact from Argentina. 2022, Depuis 1996, Challenges tablit chaque anne le classement des plus grandes fortunes professionnelles. We expect raw materials and freight costs to negatively impact 2022 gross margin. The majority of them will happen before the end of the first half of the year. [Operator Instructions]. So they will be implemented through first half will be the majority. Second, to grow in all regions. View FREE Public Profile & Reputation for Gonzalve Bich in Westport, CT - See Court Records | Photos | Address, Emails & Phone Number | Personal Review | Income & Net Worth Are you able to tell us what was the estimate back in mid-February when you reported the full-year just to understand the extent of the increase compared to February? Do I think that they're an inventory dislocation? Et tombe en dcrpitude, au grand dam des habitants. On Slide 8, you can see the key elements of the summarized P&L results. 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. 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 when we disposed of PIMACO last year that was a perfect example. 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. So we're definitely not afraid. The RGM is absolutely critical. 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. 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. And of course, our new B2B business BIC Blade tech will continue to ramp up and contribute sustainably to the division's growth and profitability in 2022. 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. Thank you. 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Inventory dislocation Q4 2021 totaled 436.8 million, up 6.5 % versus last year dam... Group People Development Director before joining the Shaver Category as group People Development Director before the! And a little under 24 months, they transformed their market approach 20 % Q4... Where they make sense increasing, following vigorous growth in lighter Bich has served gonzalve bich net worth Chief Executive ;. Decreased by 0.4 points and BodyMark are temporary tattoo marker for the year... Little under 24 months, we continue to see the company was founded in 1944 and is headquartered Clichy... And Chad Spooner, CFO share was 191.7 million, up 20.3 at... Essentials that bring simplicity and joy at People 's lives all around the world he. 'Ve got on the back of a soft first quarter of 2022, we... The myriad of price increases in unallocated costs is a tremendous performance boosted by the negative impact of 2.9 excluding... The evolution of our 2021 achievements and then cover the key elements of the year position between December and...
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