L'entreprise fabrique au dpart des pices dtaches de stylos-plume et de portes-mine. Please go ahead. For the duration of the call, your lines will be on listen-only. And lastly, free cash flow before acquisitions and disposals stood at 205.7 million. As the CEO & Director of Socit BIC SA, the total compensation of Mr Bich at Socit BIC SA is 1,452,676. Contact. Thank you. Net sales were 401.2 million, up 3.0% at constant currencies. Gonzalve Bich Net Worth Mr. Gonzalve Bich biography. And as Gonzalve mentioned that could have -- that will have an anticipated 50 to 80 basis points negative impact on our margins in 2022. Gonzalve Bich is the Chief Executive Officer at BIC based in Clichy, Ile-de-France. Very clear. Gonzalve? That would be definitely a low point for you to consider, that's a very fair assumption. This next slide summarizes the evolution of our net cash position between December of 2021 and March 2022. There are no executives at Socit BIC SA getting paid more. The four products you can see on this slide are good examples: the BIC Cristal Re'New in France; the BIC ReVolution range in the U.S., the new range of Hybrid shavers; and our new BAMBOO razor, which launched successfully online and offline in Sweden during the second quarter. And you saw that in the acquisition of Rocketbook which was the first step in our digital writing platform. H2, very clear, will grow. The perimeter impact adjustments are mainly driven by the acquisitions of Rocketbook 3.4 points, partially offset by the Pimaco divestiture and Asian business closures. We currently have no questions in the queue. We launched innovative products with reduced environmental impact and continued to execute our Writing the Future Together commitments. Many thanks. 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. Thanks. And lastly, we expect a continued rebound in India, which to date has been severely impacted by the pandemic. Our ability also to improve on promotional efficiency. If you have an ad-blocker enabled you may be blocked from proceeding. Perfect. The call will be hosted by Gonzalve Bich, BIC Chief Executive Officer and Chad Spooner, Chief Financial Officer. 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. The Q4 gross profit margin increased by 0.9 points to 49.0%, compared to 48.1% in Q4 of 2020. Bich stepped down as Chairman of Societe Bic in 1993. In the US, we were faced with the continued challenging competitive environment, affected by aggressive promotional activity and value segments. [Indiscernible] performance was robust with market share gains in almost all key regions including the U.S., France, UK, South Africa, and Brazil. In 2021, we launched several innovative new products with reduced environmental impact. And then unallocated costs for 2022, I guess the way that I would think about this is on a total year basis, it shouldn't be materially different. Inkbox's investments in growth will weigh between 50 and 80 basis points on 2022 adjusted EBIT margin. Now, I'll provide a little color on each of these. Gonzalve Bich est le prsident du groupe Bic, socit spcialise dans les biens de consommation et premier distributeur mondial de stylos bille. Thanks, [Indiscernible] for your question. Please disable your ad-blocker and refresh. 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. Second question on input cost, so you now expect 100 million headwind for the full year. 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). So why don't I start off with your first question raw material and freight what was factored into 2022 and will price fully offset that. This next slide illustrates some of our key non-financial KPIs for 2021. 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. And the third question -- the fifth, but I'll call my third question, is the U.S. -- Euro hedging. And I think with that level of detail and clarity, you can back into an approximation of how price impacts the topline. This was mainly due to the decline of the US dollar and the Brazilian real against the euro. Inkbox will contribute positively to gross profit. Brand support was higher by 1.0 points, as we continue to invest in our brands to support short and long-term growth. Career. Good morning, Charles. 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. In 2012, he was named Deputy General Manager, responsible . 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. I'll begin by reviewing the net sales results for the first nine months of 2021. He served as Executive Vice President, Chief Operating Officer of BIC Group within the Company between January 2017 and May 2018. 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. 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. Je souhaite TOUT savoir de lactualit et je veux recevoir chaque alerte, Je ne souhaite plus recevoir de notifications, En images: ltonnante mare basse qui met les canaux de Venise sec, 100% si la personne a cr son entreprise. They have a new product roadmap and we'll be rolling that out. Net sales were 168.3 million up 25.4% at constant currencies, and adjusted EBIT was 11.4 million with a 6.8% margin. Full year 2021 Blade Excellence adjusted EBIT margin improved 1.9 points, thanks to manufacturing and raw material efficiencies and more efficient brand support, notably in the US where we successfully chose to improve the balance between promotional support visibility and profitability. This next slide gives a breakdown of our market share in key segments and regions. And finally, in Latin America, mid to high single-digit price increases will be implemented in the first quarter across all divisions. [Operator Instructions] And the first question comes from the line of Nicolas Langlet from BNP Paribas. Yes. This launch is planned for the spring. So I will hand the call back to your host to close today's call. En 1950, l'entreprise sempare du brevet du stylo bille et commercialise le Bic cristal. This year for 2022 we expect sales of BIC Blade-Tech to be between 15 million and 20 million. Adjusted EBIT for Q1 2022 was 101.9 million compared to 60.5 million last year, with an adjusted EBIT margin of 19.8% this year versus 14.7% 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. Next question comes from the line of Marie Fort from Societe Generale. First question is about your visibility. As Gonzalve mentioned earlier, we successfully reached our Invent the Future plan operational and financial targets one year ahead of when we committed to. We talked about the launch of a subscription offer, which we're going to be doing, and more collaborations with artists. Thank you. In the non-refillable segment our added-value shavers represented an impressive 70% of the total division sales, confirming the relevance of our premiumization strategy. 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? The U.S. was the main growth driver contributing to 37% of the net sales growth on a like-for-like basis. There are no executives at Socit BIC SA getting paid more. Gonzalve Bich is the CEO & Director at Socit BIC SA. On that note, here's Chad who will now -- who will step in now to present our operational and consolidated financial results. To achieve this double-digit online growth, we need three things. Currency fluctuations had a positive impact of 2.9 points excluding the foreign exchange impact from Argentina. In 2021 we invested 7.2 million, related to the HACO Industries, Djeep and Rocketbook acquisitions. There are no executives at Socit BIC SA getting paid more. Thanks for your question on BIC Blade-Tech, which I'm super excited about. Full year 2021 Human Expression adjusted EBIT margin, decreased by 0.4 points. Moreover, we continue to grow and gain two points of market share and coloring a key strategic segment for us. Trade and other payables were 149 million at the end of 2021. 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. increases that we've seen in Q1 will start to hit us in Q4. The adjusted EBIT margin has been favorably impacted by 0.2 points from Rocketbook. However, we remain on track to achieve both our 2025 and 2030 goals. I will take your third question first and the hand it back to Gonzalve for the rest. I'd also mention the outstanding execution of our e-commerce teams worldwide, particularly in developing countries where sales growth was more than 60%. He served as Executive Vice President, Chief Operating Officer of BIC Group within the Company between January 2017 and May 2018. Gonzalve Bich est le prsident du groupe Bic, socit spcialise dans les biens de consommation et premier distributeur mondial de stylos bille. Gonzalve Bich 1mo Report this post I am proud to be part of the Epic Foundation Ambassador community. When I reflect on the past 18 months, I see clearly the resilience and drive of our teams in re-imagining our future. Now, to your point, we'll also grow in Human Expression. Net income group share was 67.6 million as reported for Q1 of 2022 compared to 161.6 million for Q1 of 2021. Gonzalve served as General Manager, Northern Europe and General Manager, Developing Markets for Bic. But the main, the largest quarter will be Q2, Q3. 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. industrie, Entreprise Thanks very much Sophie and welcome everyone. . Thank you again for your question and see you soon. All these things are part of our Horizon plan strategy and showing how we executed on the just as we said, so more to come throughout the rest of the year. CapEx is expected to be around 100 million. What is BIC net worth? On Slide 17, you can see the key elements of the summarized P&L results. And I will now hand it over to Gonzalve for the lighter questions. Through this, we continue to enter untapped into rich areas for growth, fueling our ascension into added value segments. So you mentioned the minus 8 million and minus 13 million for 2021. 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 the phasing really is raw material and freight piece that accounts right, 80% of it. We also divested our label business in Brazil Pimaco, and sold our French headquarters. Thank you very much, everyone. Second, to grow in all regions. 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. Welcome to BIC full year 2021 results conference call. Your next question was about input cost headwinds, and how has it changed compared to what we sold since we spoke to you last? Today, EZ reach is almost at 6% market share. On an as-reported basis, net sales for Q4 2021 totaled 436.8 million, up 6.5% versus last year. Net finance revenue was negative 4.2 million compared to a negative 1.4 million for the same period in 2020. The company also provides pocket, utility, decorated, non-decorated classic, electronic, and multipurpose lighters. Very strong comps on Q -- on the first half of last year and Flame For Life. And the last question, quick one on the U.S. Europe position for 2023, have you accelerated your [Indiscernible] given the current level of the exchange rate? These robust results are important achievements for 2021, but more importantly they position us strongly against our competitors in 2022. He added a question in U.S. BIC Shanghai Stationery Manufacturing Co. Ltd. And when we disposed of PIMACO last year that was a perfect example. We've reframed our historical approach by category, to include incremental, fast-growing adjacencies and made some active moves there in bringing in Rocketbook and Inkbox, as we build out new division. Starting with our performance in Human Expression division. The oldest executive at Socit BIC SA is Sara A. LaPorta, 60, who is the Chief Strategy & Bus. Gonzalve will explain in more detail how we expect to mitigate these impacts. 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