Please ensure your line is unmuted locally, as you will be advised when to ask your question. Bhad Bhabie has a net worth of about $20 million. So that's from the topline. You may now disconnect your lines. With our eyes set firmly on the horizon, I'm convinced that we will achieve our growth ambition of sustainable and profitable mid-single-digit growth. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. Thank you. In the first quarter of 2022, we invested 58.3 million related to the Inkbox acquisition, net cash was also impacted by investments in CapEx as we invested 17.6 million during Q1 of 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. As you can see, we grew or held our positions in 60% to 70% of countries in our three divisions despite challenging markets. He served as Executive Vice President, Chief Operating Officer of BIC Group within the Company between January 2017 and May 2018. Do you see there is a catch-up essentially in Q2 or has it been done in Q1? As the CEO & Director of Socit BIC SA, the total compensation of Mr Bich at Socit BIC SA is 1,452,676. Q1 2022 income before tax was 95.2 million with 29.0% tax rate compared to 228.2 million in 2021. I answered your question on gross profit I just want to continue because the question will come again about the EBIT margins. 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. Now, in addition to organic growth, our recent acquisitions Rocketbook and Lucky Stationery in Nigeria had a remarkable performance. Adjusted earnings per share were 1.60 up 67% versus last year. Gonzalve Bich 1mo Report this post I am proud to be part of the Epic Foundation Ambassador community. 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. Let's now review our consolidated results, starting with the fourth quarter 2021, net sales evolution. This next slide shows the impact of input cost inflation on gross profit in 2021 and 2022 in millions of Euros. FULL YEAR 2018 RESULTS Gonzalve BICH Jim DIPIETRO. And I'm really pleased with what the team's been doing. It's really important as always that we ensure that customers have just the right inventory, not too much, not too little. And as a reminder, our Q1 results will be released on 25th of April and our next AGM will be held on May 18. 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 launch is planned for the spring. 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. And then we'll expect to see -- and this is going to be driven really by a gradual recovery in the overall supply chain. Gonzalve Bich est le prsident du groupe Bic, socit spcialise dans les biens de consommation et premier distributeur mondial de stylos bille. But the main, the largest quarter will be Q2, Q3. Our 2022 is off to a strong start, powered by the continued implementation of our Horizon strategy. In the U.S. the launch of our new razor Soleil Escape was a success and contributed to growth. This year for 2022 we expect sales of BIC Blade-Tech to be between 15 million and 20 million. We will also see further innovations such as the sustainable BIC Click Soleil, five shaver developed with Avient as mentioned earlier. [Indiscernible] Thank you. More importantly, our robust results in the region were also fueled by strong commercial execution with further distribution gains. To your question about the U.S. So definitely, acquisitions some divestitures, but really leaning into growth is what my team Chad and I do day in and day out and are super, super laser-focused on. Thank you very much, everyone. Our three divisions experienced double-digit growth across nearly all regions, encouraging news for overall performance in 2022. In 2021, we reached more than 40 million children around the world. The Investor Relations team remains at your disposal to answer any follow-up questions. Yeah. Please. 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. Do I think that they're an inventory dislocation? Sign up in seconds, it's free! 1998, Position dans le secteur It's also about reducing the skews in the first quarter of this year, we reduced skews 10%. And it means that you're generating higher dollars per skew, you're being more productive. Adjusted EBIT margin for the division increased by 1.2 points, explained by favorable net sales leverage and favorable fixed cost absorption. So shall we expect a sizable M&A transaction, or are you going to continue to focus on bolt-on acquisitions? Inkbox's investments in growth will weigh between 50 and 80 basis points on 2022 adjusted EBIT margin. 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). Thank you again for your question and see you soon. The second question on the margin overall. To ensure that our innovation funnel is filled with exciting new products, we also boosted our global innovation pipeline. The increase in overall freight and distribution costs was driven by the acceleration of customer demand. Dragging a lot of changes, which we'll see in the back end of the year on our -- from our cost perspective. Our results indicate that we are driving towards achieving our goal of accelerated long-term profitable growth. The company was founded in 1944 and is headquartered in Clichy, France. 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. Perfect. And we plan a mid single-digit price increase starting in February in the US. There are no executives at Socit BIC SA getting paid more. As we make progress in our Horizon transformation journey, 26% of Human Expression net sales came from creative and digital expression segments. 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 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. We expect mid to single-digit organic growth driven by higher volumes, new product launches and pricing. We confirmed our conviction that it's exciting. Updating coloring. 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. 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? In Latin America our trade-up strategy continued to pay off as we outperformed the markets in both Brazil and Mexico. Among the drivers of the working capital were, the increase in inventories of 97 million. Devel. The recent acquisition of Inkbox, the leading semi-permanent tattoo direct-to-consumer brand, will strengthen our position in e-commerce further and help build our social media capabilities. But again, let me come back to we acquired Djeep because it had critical capabilities that make the total bigger, stronger, faster, better. You ended the year with 400 million of net cash and you did not distribute any extraordinary dividend. Bic Blade-Tech contributed to nearly 30% of the Blade Excellence growth in the first quarter, with a positive impact in profitability. Gonzalve. 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. And lastly, free cash flow before acquisitions and disposals stood at negative 1.9 million, negatively impacted by 2022 back-to-school inventory bills. Please disable your ad-blocker and refresh. Thank you, Gonzalve. And we're evaluating plans to increase capacities to answer, increasing demand. It is also critical to continue to invest in our organic growth and a prerequisite to funding external growth. Through this, we continue to enter untapped into rich areas for growth, fueling our ascension into added value segments. g***@bicworld.com. On an as-reported basis, net sales for Q1 2022 totaled 515.7 million up 25.5% versus last year. So on a total consolidated basis we're looking to protect our gross margin rate. He said there were four. Inkbox and BodyMark are temporary tattoo marker for the first building blocks of our journey into skin creative. 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 our net cash position at the end of March of 2022 was 340.1 million. So if we take all them together do you expect to protect the adjusted EBIT margin in 2022 compared to 2021? 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. I've got three questions from my side. So manufacturing efficiencies and procurement savings. 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. 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. Many thanks. Lighter market evolving in value term? In addition Gonzalve talked about the myriad of price increases in Stationery Lighter and Shaver that also is going to offset. 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. So I'm guardedly optimistic about the perspective for the future. There are 10 executives at Socit BIC SA getting paid more, with Gonzalve Bich having the highest compensation of $1,648,089. Right now, though we're very focused also on building. This includes one to two points growth from Inkbox and all divisions will contribute to organic growth. [2] He was succeeded by his son, Bruno, who served as chairman for 25 years, 15 of which also as CEO. 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. Gonzalve Bich's Phone Number and Email. And good afternoon, everyone. We ended up with lower CapEx spend than initially anticipated due to supply chain issues which affected our ability to realize our initial investment plans. Through this, we continue to enter untapped into rich areas for growth, fueling our ascension into added value segments. We achieved our objective 50 million cost savings, thanks to improved efficiency of our commercial operations and global supply chain in 2021. 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. 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. . This improvement is mainly driven by the strong increase in North America lighter sales, price increases and a favorable fixed cost absorption. I'll now review our operational and consolidated results for the fourth quarter of 2021 and full year 2021. The company also provides pocket, utility, decorated, non-decorated classic, electronic, and multipurpose lighters. Things like Lucky Stationery in Nigeria, the business that we did in Kenya a few years ago or even Djeep which was really a bolt-on because Djeep compared to the total BIC business is rather small. Turning to blade excellences, adjusted EBIT margin, it increased by 9.7 points driven by net sales leverage, favorable fixed cost absorption, as well as the positive contribution from BIC Blade-Tech B2B business. In addition, it sells pantyhoses, batteries, and shaving preps; and advertising and promotional products. You've added a question. 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. 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. 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. And you shouldn't -- that would not be something we'd anticipate in the future at those rates. View FREE Public Profile & Reputation for Gonzalve Bich in Westport, CT - See Court Records | Photos | Address, Emails & Phone Number | Personal Review | Income & Net Worth Bich stepped down as Chairman of Societe Bic in 1993. 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. And we should continue to see the company do that. I'm convinced we can reach 10% market share by the end of 2023. Gonzalve? And you saw that in the acquisition of Rocketbook which was the first step in our digital writing platform. Please go ahead. 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. We started doing so in September of last year. Check BackgroundGet Contact InfoThis Is Me - Edit This ends the review of Q1 of 2022 consolidated results. Et dans ce duel, il n'est pas vraiment question desoldes L'intrigant htel l'abandon de Vincent Bollor dans le Finistre. 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. Thank you. Moving from a pure customer-driven to a 360 consumer - centric strategy, which will continue to bear fruit and support short-term and long-term growth in this important market for us. Please go ahead. As I said, acquisitions is a key pillar of Horizon. Si vous souhaitez modifier vos centres d'intrt, vous pouvez tout moment cliquer sur le lien Notifications, prsent en pied de toutes les pages du site. [Operator Instructions]. Your next question was about input cost headwinds, and how has it changed compared to what we sold since we spoke to you last? So we're not planning significant increases in unallocated costs is a way to think about it. 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. I'll take those. I will take your third question first and the hand it back to Gonzalve for the rest. I'm sorry. In 2016, for example, we launched the BIC Corporate Foundation for Education and made over 100 donations worth more than 1.5 million. 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. Net sales were 168.3. 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 A perfect illustration of our open innovation strategy is the announcement and development of a new recycled material in partnership with Avient. Finally, leveraging what we've learned and achieved in our Invent the Future plan, we expect to generate an additional 15 million of annualized savings from further procurement initiatives and manufacturing efficiencies. In Latin America, we expect an overall increase in both Stationery and Shaver with a rebound anticipated in Brazil and Mexico notably in Stationery. And if you go to the website, you dig around, you're going to find a lot of different things. industrie, Entreprise They are the tangible outcomes of our transformation into a fast-moving consumer-centric company. The RGM is absolutely critical. What is BIC net worth? Can this include some disposals as well, or are you only talking about potential external growth? And in regards to price, Gonzalve gave quite a thorough breakdown. BIC IN 2018 -KEY TAKEAWAYS . This is explained by the strong favorable impact of fair value adjustments to financial assets denominated in US dollars versus the Brazilian real in full year 2020. Trade and other receivables ended at 418 million. En 1950, l'entreprise sempare du brevet du stylo bille et commercialise le Bic cristal. This next slide shows the impact of input cost inflation on gross profit in 2021 in millions of euros. Mais, depuis 2009, l'tablissement ne reoit plus de clients. Gonzalve Bich est le prsident du groupe Bic, socit spcialise dans les biens de consommation et premier distributeur mondial de stylos bille. The increase in raw material, freight and distribution costs more than offset the positive impacts from net sales growth and manufacturing efficiencies. The third highlight is the continued progress in our sustainability journey. Les 500 plus grandes fortunes de France There's other things that we could be doing. 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. Email. 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. In line with our Horizon Plan Capital Allocation Policy, the Board will propose a 2.15 per share ordinary dividend at the next Annual General Meeting for a payout ratio of 50% and an increase of 19.4% compared to 2021. The increase in raw material cost and sea and airfreight costs was offset by manufacturing efficiencies. In Stationery, we have low single-digit price increases planned in both office products and modern mass channels in the first half in Europe. Thank you, Sophie. Of course, we will continue to push ahead to achieve greater performance in e-commerce. While meeting our Invent the Future targets was challenging, this helped us to better weather the impacts of COVID-19 on our business. Please. In Q1 of 2022, we invested 17.6 million in CapEx. Our hearts go out to everyone affected. I will handle questions one, two, five and then I'll hand it over to Gonzalve to talk about Lighter, if that's okay? Thanks very much Sophie and welcome everyone. Hi Nicolas, this is Chad. This is Chad. Net cash was also impacted by investments in CapEx, as we invested 75 million during 2021. Gonzalve Bich is the CEO & Director at Socit BIC SA. So off to a convincing and strong start. 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. Net finance revenue was negative 2.6 million compared to a positive 0.8 million for the same period in 2021. We can see here that the biggest impact from rising raw materials and sea and airfreight costs happened during the fourth quarter. 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. That would be definitely a low point for you to consider, that's a very fair assumption. So that's what we'll see. When I reflect on the past 18 months, I see clearly the resilience and drive of our teams in re-imagining our future. L'ONG Oxfam accuse les milliardaires (et notamment 10 Franais parmi eux) d'avoir profit de la crise du Covid pour s'enrichir. Gonzalve Bich Net Worth Gonzalve Bich biography. 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. Good morning, everyone. Q1 2022 Human Expression adjusted EBIT margin increased by 4.2 points. And finally, well the line was not great, I don't know if it was from my side or on your side. As we look at the 4 million of non-recurring items in Q1 of 2022, it was driven by 1 million of acquisition costs related to Inkbox announced in January of 2022, and 3 million related to impairment of our Ukraine operations. This was mainly due to the increase of the US dollar against the euro. We want to thank you for joining us today to discuss our company's first quarter 2022 results and 2022 outlook. So this ends our call today. Our goal is to mitigate their impact on our P&L as much as possible and to protect our margins, and we have action plans. This is the important proof point of our increased agility. And probably could you help us also to monetize our margins in terms of phasing for all over the year? Okay, okay. In 2021, we launched several innovative new products with reduced environmental impact. We launched innovative products with reduced environmental impact and continued to execute our Writing the Future Together commitments. Thanks for your question on BIC Blade-Tech, which I'm super excited about. 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. The central tenet is the fight against climate change, and this is why many of our sustainability initiatives are geared towards reducing, our CO2 emission. The second half will be on the low end of our net sales range. Expression net sales range disposals stood at negative 1.9 million, negatively impacted by 2022 back-to-school inventory bills, product... 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