(Indexes sur le cours de la bourse). Our next major milestone within reach is attaining a 15th share of this important pillar of horizon. We currently have no questions in the queue. So on a total consolidated basis we're looking to protect our gross margin rate. And looking more in the mid- to long term now that you have worked on that initiative for a couple of quarters what sort of market opportunity do you see in the mid to long-term? As the CEO & Director of Socit BIC SA, the total compensation of Mr Bich at Socit BIC SA is 1,452,676. And we outpaced both the lighter and stationery markets in South Africa, reinforcing our leadership in the region and growing in strategic segments such as coloring. 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. In Europe, we will implement a mid single-digit price increase across all channels starting in March. Now, before I give the floor to Chad, I want to say a word about our Invent the Future plan. However, there will be the opportunity to ask questions. Read More. [Operator Instructions] We have no further questions in the queue. Our teams did a tremendous job during the back-to-school season in Brazil. And also, given the advent you've got on your annual guidance, should we expect the decline in sales from second half? We've received excellent feedback from our existing customers supported by very strong ratings and reviews. The oldest executive at Socit BIC SA is Sara A. LaPorta, 60, who is the Chief Strategy & Bus. BIC, Entre dans le classement With a relentless focus on consumers, our Horizon strategy is well underway in yielding results. 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. The dividend payment was 80.9 million and we bought back 39.2 million worth of shares in 2021. EPS group share for Q1 2022 was 1.53 compared to 3.59 in Q1 2021. 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). 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. Can you be a bit more specific? BIC CEO details the $400 million market for temporary tattoos January 18, 2022, 1:54 PM BIC CEO Gonzalve Bich joins Yahoo Finance Live to discuss the stationary manufacturer entering the. Lighter market. Please. I've got three questions from my side. 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. Now, in addition to organic growth, our recent acquisitions Rocketbook and Lucky Stationery in Nigeria had a remarkable performance. Adjusted EBIT was 57.4 million with a 14.3% margin. Now, on the back of that, what -- what is H2 look like? So we're not planning significant increases in unallocated costs is a way to think about it. labor shortages of last year. 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. 1 130 M 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. On the back of a soft first quarter 2021, the stationary market increased doubled digit. Through this, we continue to enter untapped into rich areas for growth, fueling our ascension into added value segments. And this is going to continue in 2022. 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. When I reflect on the past 18 months, I see clearly the resilience and drive of our teams in re-imagining our future. Let's now review our consolidated results, starting with the fourth quarter 2021, net sales evolution. It's going to happen across all the quarters. Our net cash position at the end of December 2021 was 400.1 million. Brand support was higher by 1.0 points, as we continue to invest in our brands to support short and long-term growth. 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? These robust results are important achievements for 2021, but more importantly they position us strongly against our competitors in 2022. Thanks, Gonzalve. Net income group share was 67.6 million as reported for Q1 of 2022 compared to 161.6 million for Q1 of 2021. 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 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. Moreover, we continue to grow and gain two points of market share and coloring a key strategic segment for us. In Latin America our trade-up strategy continued to pay off as we outperformed the markets in both Brazil and Mexico. Super exciting 2021, 55% growth. as of January 2017. What is the salary of Mr Bich? If you have an ad-blocker enabled you may be blocked from proceeding. Gonzalve Bich Net Worth Mr. Gonzalve Bich biography. 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. So I will hand the call back to your host to close today's call. This also demonstrated that our all flame occasion strategy is relevant and can sustain growth in lighter. And we said the -- we have a continued impact of raw material in 2022, but we haven't given a specific guidance or the pieces of how much is raw material. Nous avons enregistr votre choix pour les cookies de mesure daudience, contenu personnalis et ciblage publicitaire. Moreover, Mexico, South Africa, and India, which were hit hard by the pandemic are now bouncing back. Our sell-in performance was driven by strong results from premium products, such as the flex and solely ranges in Europe. Bich stepped down as Chairman of Societe Bic in 1993. Hi Nicolas, this is Chad. 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. With the inclusion of Inkbox, the proportion of BIC's e-commerce net sales from D2C in 2021 would be 14% versus circa 3% beforehand. The dividend payment was 80.9 million and we bought back 39.2 million worth of shares in 2021. 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. Rocketbook contributed 3.7 points to our growth last year. First, we will increase volumes, which will positively impact our fixed cost absorption. 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. Welcome to BIC full year 2021 results conference call. Et Marine Tondelier (EELV) veut une France sans milliardaires. Contact. But first, I'd like to take a moment to acknowledge the increasing struggles of the conflict in Ukraine is causing for its people. How do you see the profile for Q2 for Lighter and Shavers? Les 500 plus grandes fortunes de France 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. #9. This includes one to two points growth from Inkbox and all divisions will contribute to organic growth. So Gonzalve talked about how we're increasing our volumes and notably through continued market share gains and we're going to get market share increases of 60% to 70% across most of all of our markets. Thank you all for being with us this morning and we'll now open the floor to questions. 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. 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? Net cash was also impacted by investments in CapEx, as we invested 75 million during 2021. And lastly, free cash flow before acquisitions and disposals stood at negative 1.9 million, negatively impacted by 2022 back-to-school inventory bills. 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? 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. 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. Whitepages people search is the most trusted directory. In Lighters, the increase in pocket in US Lighter will be mid single-digit and will be implemented between February and May of this year in both modern mass market and convenience channels. Thanks, Gonzalve. On the back of a strong Q1 2021, our e-commerce Stationery Business was soft, primarily with large pure players. The increase in raw material, freight and distribution costs more than offset the positive impacts from net sales growth and manufacturing efficiencies. Thank you. He added a question in U.S. Rocketbook. Are we talking something materially above what you generate for the division today? This was mainly due to the increase in the U.S. dollar and the Brazilian real against the euro. The Investor Relations team remains at your disposal to answer any follow-up questions. 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. On slide 19, we see the main elements in working capital. This is Chad. 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. The Q4 gross profit margin increased by 0.9 points to 49.0%, compared to 48.1% in Q4 of 2020. Second, we will increase prices in stationery. Gonzalve Bich is the CEO & Director at Socit BIC SA. And that's what the teams are really doing. Marcel Bich possdait le titre de baron, accord son aeul par le roi de Sardaigne en 1841. 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. In 2021, we committed to reaching 100% renewable electricity in 2025 and we are fully confident to reach this target. In addition, it sells pantyhoses, batteries, and shaving preps; and advertising and promotional products. Thank you for joining today's call. 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