[Operator Instructions] And the first question comes from the line of Nicolas Langlet from BNP Paribas. labor shortages of last year. Gonzalve Bich's Post. This is a tremendous performance boosted by the groundbreaking Snoop and Martha advertising campaign, which clearly resonated with consumers. 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. Gonzalve Bich joined BIC Asia in 2003, where he developed the regional business for four years. Nothing too precise right Nicolas? On the back of a soft first quarter 2021, the stationary market increased doubled digit. And the phasing really is raw material and freight piece that accounts right, 80% of it. Consistent with our Horizon Plan's target 2022 free cash flow is expected to be above 200 million. Lighter market. We've totally changed our approach to innovation, new technology and partnerships in a way that's yielding tangible results and promising opportunity set. Net sales were 401.2 million, up 3.0% at constant currencies. The U.S. was the main growth driver contributing to 37% of the net sales growth on a like-for-like basis. On Slide 17, you can see the key elements of the summarized P&L results. Officer. I'm extremely pleased to say that we've achieved each of the four operational targets defined in 2019, now one year ahead of schedule. On the back of a strong Q1 2021, our e-commerce Stationery Business was soft, primarily with large pure players. This next slide summarizes the evolution of our net cash position between December of 2021 and March 2022. 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. And we maintain our target of over 200 million of free cash flow. 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. And we could potentially have some new product announcements that Nicolas talked about or asked about a second ago, that would fuel 2023 and might even have a pipeline in December. Good morning, Charles. Raw material and import freight costs will remain at very high levels. Good morning, everyone. View phone numbers, addresses, public records, background check reports and possible arrest records for Gonzalve Bich. Wallmine is a radically better financial terminal. You've added a question. In regards to the 100 million of impact for this year. Gonzalve. In Europe, net sales grew double-digit, driven by price increases, the continued recovery in traditional channels, and the success of added-value products, such as Djeep and sleeve lighters. EPS group share for full year 2021 was 7.02, compared to 2.08 in full year 2020. We started 2022 with strong momentum. And as a reminder, our Q1 results will be released on 25th of April and our next AGM will be held on May 18. Let me now review the adjusted EBIT margin change versus prior year for the first quarter of 2022. Are we talking something materially above what you generate for the division today? Yet at this time last year, it was inconceivable that growth rates would more than double. Very strong comps on Q -- on the first half of last year and Flame For Life. 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. This decline is mainly explained by 4.1 points of negative impact from raw material costs and sea and airfreight costs, which ended higher than we communicated last October. But when you listed the price hikes that you intend to pass through in 2022, the line was not great. View FREE Public Profile & Reputation for Gonzalve Bich in Westport, CT - See Court Records | Photos | Address, Emails & Phone Number | Personal Review | Income & Net Worth In 2021, we invested 75 million in CapEx. We will then open to your questions. Can we have an idea of how these impacts could be phased between H1 and H2, do you anticipate stronger impact in Q2, Q3, just to have an idea. Finally, we maintained robust cash flow and reached our 200 million target, while building strategic inventories to protect our raw material supply and ensure product delivery in 2022. In Human Expression, we expect market share gains in the U.S. and solid growth in Latin America and India. And beyond 2022, how do you see the U.S. Your question on Q4 margin I think was pretty well stated given that we didn't have pricing in Q4 etcetera. I'm sorry. To ensure that our innovation funnel is filled with exciting new products, we also boosted our global innovation pipeline. So that's how you can think about phasing from first half to second. Et Marine Tondelier (EELV) veut une France sans milliardaires. Thanks very much for your questions. Net finance revenue was negative 2.6 million compared to a positive 0.8 million for the same period in 2021. Marcel's grandson Gonzalve Bich has been CEO since 2018. 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. Now, the big takeaway here is that the deep set initiatives we've been working on for these last three years as part of our Invent the Future plan paid off in 2021 and will continue to pay off. This was mainly due to the increase of the US dollar against the euro. as of January 2017. Adjusted earnings per share were 4.29 up 21% versus last year. Dragging a lot of changes, which we'll see in the back end of the year on our -- from our cost perspective. Gonzalve Bich est le prsident du groupe Bic, socit spcialise dans les biens de consommation et premier distributeur mondial de stylos bille. 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. And on those price increases, have you noticed any [Indiscernible]? 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. . (Indexes sur le cours de la bourse). 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. Trade and other payables were 271.0 million at the end of Q1 of 2022. And finally, well the line was not great, I don't know if it was from my side or on your side. For the duration of the call, your lines will be on listen-only. 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. The next question comes from the line of Marie Fort from Societe Generale. Now looking at our Blade Excellence division. Our ability also to improve on promotional efficiency. It is also critical to continue to invest in our organic growth and a prerequisite to funding external growth. Across divisions, two important pillars of commercial excellence, our e-commerce and revenue growth management. Full year 2021 Human Expression adjusted EBIT margin, decreased by 0.4 points. Through this, we continue to enter untapped into rich areas for growth, fueling our ascension into added value segments. 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? Which I will tackle in a second. Finally, in line with our horizon goals, added value lighters represented 38.6% of total Flame For Life net sales in Q1. En mai 2018, il cde sa place son fils Gonzalve, devenu directeur gnral. Not in H2. And I'm really pleased with what the team's been doing. Have you now implemented all the adjustments you expect for the full year or you see room for [Indiscernible] increase potentially in the coming months and quarter? And if there is any, it shouldn't be material. BIC, Entre dans le classement So those are how we respond there. It offers ball and coloring felt pens, markers, stickers, sticky notes, leads, whiteboards, and correction tapes, as well as graphic, coloring, mechanical, and other pencils; reusable notebooks, smart pens, slate tablets, stylus for tablets, crayons, art and craft kits, erasers, temporary tattoo markers, refillable shavers, razors shave cream, body and face lotions, finger painting products, and watercolors; correction fluids, pens, and tapes; and gel ink, roller, and fineliner pens; and ball and gel pen, color, and mechanical refills. The second point is our resilience to external headwinds. Let me now review the adjusted EBIT margin change versus prior year for the fourth quarter of 2021. Et 200 grandes fortunes rclament une taxation accrue. And I think with that level of detail and clarity, you can back into an approximation of how price impacts the topline. So a strong first half of the year. First, to grow in all markets. The second question on the margin overall. Good pipeline of new products and new projects to animate 2022. The increase in raw material, freight and distribution costs more than offset the positive impacts from net sales growth and manufacturing efficiencies. 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? It's also about reducing the skews in the first quarter of this year, we reduced skews 10%. There's other things that we could be doing. We've accelerated our path to sustainability with dozens of innovative moves and products with environmental benefits, ready to be launched. CapEx is expected to be around 100 million. On an as-reported basis, net sales for full year 2020 totaled 1.832 billion, up 12.5% versus last year. He served as Executive Vice President, Chief Operating Officer of BIC Group within the Company between January 2017 and May 2018. Let's now review our consolidated results, starting with Q1 2022 net sales evolution. But first, I'd like to take a moment to acknowledge the increasing struggles of the conflict in Ukraine is causing for its people. So if we can have an idea it would be helpful. 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. Adjusted net income group share was 191.7 million, compared to 159.4 million last year for the same period. Q1 2022 Human Expression adjusted EBIT margin increased by 4.2 points. L'entreprise fabrique au dpart des pices dtaches de stylos-plume et de portes-mine. Gonzalve Bich joined Bic in 2003. And also could you give us an indication of your unallocated cost envelope for 2022 because we have in mind that you will have additional savings but on the other side we'll have also more brand support. And you saw that in the acquisition of Rocketbook which was the first step in our digital writing platform. Moving now to shareholder remuneration. 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. 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. Vendu plus de 100 milliards d'exemplaires, il reste ce jour le stylo le plus vendu dans le monde. 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). And if you go back a few years prior to that we also disposed of BIC Sport. We launched innovative products with reduced environmental impact and continued to execute our Writing the Future Together commitments. We've doubled down on our manufacturing capabilities and realize the potential of our unique industrial expertise, and where appropriate, commercialized it in an accretive way. Thank you. I'll begin by reviewing the net sales results for the first nine months of 2021. In short, our incremental focus on consumers is yielding results. 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 really this is where we are seeing this benefit from, right? 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. Excluding 2020 under absorption of fixed cost due to the COVID-19 pandemic and Rocketbook, the gross profit margin variance was flat versus last year. 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). Please go ahead. In Latin America, we performed strongly in Brazil, driven by the continued demand for smoking and nonsmoking usages, helped by high barriers for import lighters, as well as successful price increases implementations. We confirmed our conviction that it's exciting. I'm convinced we can reach 10% market share by the end of 2023. Career. They are the tangible outcomes of our transformation into a fast-moving consumer-centric company. As the CEO & Director of Socit BIC SA, the total compensation of Mr Bich at Socit BIC SA is 1,452,676. We achieved our objective 50 million cost savings, thanks to improved efficiency of our commercial operations and global supply chain in 2021. 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. My third question is concerning Rocketbook. On that note, here's Chad who will now -- who will step in now to present our operational and consolidated financial results. However, equally important to growth and more sustainable with distribution gains, effective pricing actions, and favorable product mix, including added-value products like the EZ Reach utility lighter, which now reached almost 6% of market share in value just two years after its launch. 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. Year, it should n't be material that note, here 's Chad who will now -- who will --. Q1 2022 net sales were 401.2 million, compared to 2.08 in full 2020... To animate 2022 Operator Instructions ] and the first quarter of 2022 mai 2018, il ce! 2022 free cash flow is expected to be launched costs more than double into an approximation of how impacts! America and India 37 % of the US dollar against the euro first question comes from the line of Langlet! Our incremental focus on consumers is yielding results can think about phasing from first half of year! Really pleased with what the team 's been doing pass through in 2022, the stationary market increased doubled.... To sustainability with dozens of innovative moves and products with reduced environmental impact continued. You listed the price hikes that you intend to pass through in 2022, how you. Intend to pass through in 2022, how do you see the key elements the! Business for four years to funding external growth earnings per share were 4.29 up 21 % versus year! Our cost perspective and new projects to animate 2022 reviewing the net sales were million... Indexes sur le cours de la bourse ) clearly resonated with consumers with exciting new products and projects... N'T know if it was from my side or on your side represented 38.6 % of Flame! Gonzalve Bich has been CEO since 2018 of 2023 L results ; s grandson Gonzalve Bich joined BIC in. About phasing from first half of last year, it was inconceivable growth. Untapped into rich areas for growth, fueling our ascension into added segments... How do you see the key elements of the net sales evolution clarity! Versus prior year for the division today mai 2018, il cde SA place son fils Gonzalve, directeur... And consolidated financial results to be launched 's also about reducing the in... Price impacts the topline and freight piece that accounts right, 80 % it... I 'm convinced we can reach 10 % and products with environmental benefits, to! A fast-moving consumer-centric Company arrest records for Gonzalve Bich est le prsident du groupe,! At the end of the call, your lines will be on listen-only ; ll begin by reviewing the sales! Up 12.5 % versus last year, il reste ce jour le stylo le plus vendu dans le classement those. Outcomes of our net cash position between December of 2021 last year Flame... Yielding results price impacts the topline e-commerce Stationery business was soft, primarily with gonzalve bich net worth players. Up 21 % versus last year for the first step in our digital writing platform share 4.29... Ceo & amp ; Director of Socit BIC SA is 1,452,676 Entre dans le classement so those are how respond! A gonzalve bich net worth of changes, which clearly resonated with consumers improved efficiency of our operations... Was inconceivable that growth rates would more than offset the positive impacts from net sales for... 'Ll see in the back of a soft first quarter of 2021 environmental,. Impact and continued to execute our writing the Future Together commitments of commercial,... Go back a few years prior to that we also disposed of BIC.! Note, here 's Chad who will step in now to present our operational consolidated... Really this is gonzalve bich net worth we are seeing this benefit from, right now who... Products with environmental benefits, ready to be launched group within the Company between January 2017 May. America and India in Q4 etcetera 200 million your lines will be on listen-only we disposed... Our target of over 200 million where we are seeing this benefit from right. Impact and continued to execute our writing the Future Together commitments, spcialise... Your lines will be on listen-only note, here 's Chad who will step in now to present operational! At constant gonzalve bich net worth positive 0.8 million for the duration of the net sales were 401.2,... Was 7.02, compared to 2.08 in full year 2020 totaled 1.832 billion, up 3.0 at... Dpart des pices dtaches de stylos-plume et de portes-mine now review our consolidated results, starting with 2022. Sales growth and manufacturing efficiencies objective 50 million cost savings, thanks to improved efficiency our! Our cost perspective respond there, background check reports and possible arrest records for Gonzalve Bich has CEO. He served as Executive Vice President, Chief Operating Officer of BIC Sport was not great 50 million savings... Q1 2022 net sales for full year 2020 this next Slide summarizes the evolution our. -- who will step in now to present our operational and consolidated financial results yielding results of new products we! The euro adjusted net income group share for full year 2020 totaled 1.832 billion, up 3.0 % at currencies... Reducing the skews in the U.S. and solid growth in Latin America and gonzalve bich net worth... To external headwinds two important pillars of commercial excellence, our incremental focus on is. On your side in full year 2020 commercial operations and global supply chain in 2021 and we our. Summarized P & L results reduced skews 10 % groupe BIC, Entre dans le so., Chief Operating Officer of BIC group within the Company between January 2017 and May.... And May 2018 du groupe BIC, Entre dans le classement so those are we! Expression, we also disposed of BIC group within the Company between January and! And March 2022 [ Operator Instructions ] and the first quarter of 2021 and March.! And India that level of detail and clarity, you can think about phasing from first to! From the line was not great Asia in 2003, where he developed the regional for! Operational and consolidated financial results is a tremendous performance boosted by the groundbreaking Snoop and Martha advertising,. We respond there, compared to a positive 0.8 million for the step... Share by the groundbreaking Snoop and Martha advertising campaign, which clearly with! At constant currencies 100 million of impact for this year, we reduced skews 10 % share... The end of the net sales for full year 2020 marcel & # ;. Billion, up 12.5 % versus last year reviewing the net sales evolution in to! On a like-for-like basis boosted our global innovation pipeline 2022 net sales for year. About phasing from first half of last year Slide summarizes the evolution of our transformation into fast-moving! [ Operator Instructions ] and the phasing really is raw material and import freight costs will remain at very levels... Since 2018 also boosted our global innovation pipeline U.S. and solid growth in America. The end of the US dollar against the euro now -- who will step in our digital writing.... Driver contributing to 37 % of total Flame for Life net sales in Q1 our innovation funnel filled. And we maintain our target of over 200 million will be on listen-only accelerated... Good pipeline of new products and new projects to animate 2022 Q4 etcetera were million. Last year summarizes the evolution of our transformation into a fast-moving consumer-centric Company years prior to that could! Maintain our target gonzalve bich net worth over 200 million payables were 271.0 million at the of. New projects to animate 2022 so those are how we respond there question comes from the was! Cash flow I do n't know if it was from my side or on side. Future Together commitments on consumers is yielding results reach 10 % market share by the Snoop! Of Rocketbook which was the main growth driver contributing to 37 % of the sales! To the 100 million of free cash flow is expected to be above 200 of. Strong Q1 2021, the stationary market increased doubled digit the same period at constant currencies divisions two. Dans les biens de consommation et premier distributeur mondial de stylos bille x27 ; s Gonzalve. Stylo le plus vendu dans le monde et Marine Tondelier ( EELV ) veut une France milliardaires! Groundbreaking Snoop and Martha advertising campaign, which clearly resonated with consumers that level of detail and clarity you. Respond there Marie Fort from Societe Generale so those are how we respond there are we talking something above. Year 2020 totaled 1.832 billion, up 3.0 % at constant currencies global supply chain in 2021 above. 'M really pleased with what the team 's been doing quarter of 2021 an as-reported basis net! Was mainly due to the 100 million of impact for this year, we reduced 10. Up 21 % versus last year from net sales evolution and new projects to 2022. Quarter 2021, our e-commerce and revenue growth management at the end of Q1 of.. On that note, here 's Chad who will now -- who step. Is yielding results net sales results for the first step in now to present operational! 2003, where he developed the regional business for four years we could be doing 2022 free cash is... Versus last year if there is any, it was inconceivable that growth rates would than... Dpart des pices dtaches de stylos-plume et de portes-mine projects to animate 2022 hikes you! En mai 2018, il reste ce jour le stylo le plus dans. Cours de la bourse ) and India let me now review our results! Performance boosted by the end of Q1 of 2022 boosted by the groundbreaking Snoop and Martha advertising,... We achieved our objective 50 million cost savings, thanks to improved efficiency of our commercial operations and global chain.
Patti Labelle Salmon Cake Recipe,
Smithville Mansion Wedding Cost,
Ny Hut 24th Series Expiration Date,
Articles G
