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This was partially offset by higher raw materials and air and sea freight import costs, as well as an increase in brand support, notably driven by BIC EZ Reach advertising campaign in the U.S. Lastly, and Blade Excellence, net sales were 113.5 million up 12.5% at constant currencies, and Adjusted EBIT was 25.4 million with a 22.4% margin. In addition to the ordinary dividend, we launched a 40 million share buyback program -- as in 2021 an ESG component will allow us to allocate funds to the Abdul Latif Jameel Poverty Action Lab and the BIC Corporate Foundation for Education. Among the drivers of the working capital were, the increase in inventories of 97 million. Copyright 2023 Surperformance. 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. No. The second point is our resilience to external headwinds. She amassed most of her wealth from her musical career and several other engagements. Thank you for joining today's call. In addition, it sells pantyhoses, batteries, and shaving preps; and advertising and promotional products. We also divested our label business in Brazil Pimaco, and sold our French headquarters. Now looking at our Blade Excellence division. The Q4 gross profit margin increased by 0.9 points to 49.0%, compared to 48.1% in Q4 of 2020. However, there will be the opportunity to ask questions. Mr Bich is 42, he's been the CEO & Director of Socit BIC SA since . The dividend payment was 80.9 million and we bought back 39.2 million worth of shares in 2021. 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. On Slide 10, we see the main elements in working capital. Now let me give the floor back to Gonzalve. Gonzalve Bich Net Worth Mr. Gonzalve Bich biography. He added a question in U.S. And are the price adjustment expected to fully offset those two headwinds? Our teams did a tremendous job during the back-to-school season in Brazil. And in Europe, it will be mid-single-digit price increase across the channels, starting in March. Bhad Bhabie has a net worth of about $20 million. Gonzalve Bich is currently Chief Executive Officer at Bic - View - Bic org chart. Yes. It has the type of margins that we're looking for. Sign up Thanks, [Indiscernible] for your question. While facing external headwinds, we did not let our guard down. 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. Sign up in seconds, it's free! [2] He was succeeded by his son, Bruno, who served as chairman for 25 years, 15 of which also as CEO. There are no executives at Socit BIC SA getting paid more. If anything, I think that they're an interesting way to create dynamism in a portfolio. And if you go to the website, you dig around, you're going to find a lot of different things. 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. Les 500 plus grandes fortunes de France Please go ahead. Second, we will increase prices in stationery. Inventories ended the period at 490 million. Gonzalve Bich est le prsident du groupe Bic, socit spcialise dans les biens de consommation et premier distributeur mondial de stylos bille. But when you listed the price hikes that you intend to pass through in 2022, the line was not great. In our Flame For Life division, net sales were 718.5 million, up 20.3% at constant currencies. 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). Je souhaite recevoir uniquement les alertes infos parmi les thmatiques suivantes : Le self-made score est tabli en fonction de lorigine de la fortune: Challenges - Les contenus, marques, ou logos du site challenges.fr sont soumis la protection de la proprit intellectuelle. Good morning, everyone. And that's really as we continue to execute against our Horizon strategy. This digital native direct to consumer powerhouse, strengthens our presence in creative expression market and accelerates our transformation into a fast-moving consumer - centric company. 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. Yet at this time last year, it was inconceivable that growth rates would more than double. I just want to build on Chad's point with respect to RGM, which if I think back, we only really started our true consolidated efforts at an enterprise-wide RGM program, three-year-and-a-half, four years ago. Is this happening to you frequently? With determination and passion, they focused and delivered on what they could control to mitigate headwinds, while staying agile in our reactions to external factors. No, that's fine. On a comparative basis, our net sales were up 12.2%, explained by a strong performance in Europe, North America and Latin America Lighter, as well as BIC Stationary business rebound across most geographies. This ends our presentation for today, and we're now ready to answer your questions. The increase in overall freight and distribution costs was driven by the acceleration of customer demand. 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. In 2021, we shifted gears in e-commerce and grew BIC e-commerce net sales by 21%. We expect all of our divisions to deliver organic growth this year in 2022, as we continue our momentum from 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. For the Rocket -- Sorry, did you have a follow-up? For the duration of the call, your lines will be on listen-only. 03/02/1979, Secteur 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. There are no executives at Socit BIC SA getting paid more. 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. 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. When we announced the launch of our B2B business and Shaver Bic Blade-Tech, we expected that the first visible outcomes of this new strategy would not occur before this year 2022. This includes one to two points growth from Inkbox and all divisions will contribute to organic growth. Thanks for your question on BIC Blade-Tech, which I'm super excited about. So I will hand the call back to your host to close today's call. Just one -- first question is how do you anticipate the phasing of your turnover in 2022 particularly given the high basis comps during the first half? Thank you all for being with us this morning and we'll now open the floor to questions. En mai 2018, il cde sa place son fils Gonzalve, devenu directeur gnral. I've got three questions from my side. This next slide illustrates some of our key non-financial KPIs for 2021. I'll now give the floor to Chad, who'll take us through our operational and financial performance in more detail. I have every confidence in our strategic choices and our ability to achieve our objectives, including sustainable returns to shareholders. In North America, the Stationary market should be flat to slightly increasing, following vigorous growth in 2021. Marcel Bich possdait le titre de baron, accord son aeul par le roi de Sardaigne en 1841. 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. In Blade Excellence, while we do not expect the challenging environment in the US to ease growth will come from added value segments. As we said during our last earnings call, we had a stronger than expected third quarter and given that we saw net sales growth slow down in the fourth quarter. From 2008 to 2012, he headed the Northern European business. 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. Gonzalve Bich Gonzalve Bich Published Oct 3, 2018 . So off to a convincing and strong start. EPS group share for Q1 2022 was 1.53 compared to 3.59 in Q1 2021. Let's now review our consolidated results, starting with Q1 2022 net sales evolution. Lighter industry. We launched innovative products with reduced environmental impact and continued to execute our Writing the Future Together commitments. On Slide 8, you can see the key elements of the summarized P&L results. 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. Hello, and welcome to the BIC First Quarter 2022 Results Presentation. Check BackgroundGet Contact InfoThis Is Me - Edit 1 130 M This ends the review of Q1 of 2022 consolidated results. Super exciting 2021, 55% growth. Currently, we passed on approximately 20% in the first quarter. He was Chief Operating Officer (COO), responsible for BIC Group Consumer . The increase in raw material, freight and distribution costs more than offset the positive impacts from net sales growth and manufacturing efficiencies. View FREE Public Profile & Reputation for Gonzalve Bich in Westport, CT - See Court Records | Photos | Address, Emails & Phone Number | Personal Review | Income & Net Worth Like I said, a little bit back, I think we could get to 10% share with EZ reach, which is accretive, both from a sales perspective, as well as from an overall market share perspective. Full year 2021 Human Expression adjusted EBIT margin, decreased by 0.4 points. BrunoBichnen a pas hrit car le titre se transmet uniquement lan. Our ability also to improve on promotional efficiency. Adjusted earnings per share were 1.60 up 67% versus last year. Since 2018, we've served 158 million children, which is a tremendous source of pride for the team across BIC. With that in mind, let's take a look at a snapshot of our financial performance in 2021. 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. Thanks Chad. Please disable your ad-blocker and refresh. FULL YEAR 2018 RESULTS Gonzalve BICH Jim DIPIETRO. #9. Devel. 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). And as a reminder, our Q1 results will be released on 25th of April and our next AGM will be held on May 18. What impact have you factored in your guidance for 2022 for those two items? [12] Yacht racing and sailing [ edit] Bich was a keen sailor. 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. Can you repeat them and tell us how much pricing will contribute to your 7% to 9% sales growth at constant currencies in 2022? [Operator Instructions] And the first question comes from the line of Nicolas Langlet from BNP Paribas. Do you see there is a catch-up essentially in Q2 or has it been done in Q1? 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 will continue to focus on operating cash flow with cautious inventory management to protect our supply and delivery. We're not seen any material volume elasticity to date. 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? Today, EZ reach is almost at 6% market share. And I'm really pleased with what the team's been doing. Adjusted EPS group share for Q1 2022 increased by 67% to 1.60 compared to 0.96 last year. Before moving to a rapid overview of our financial KPIs, I'd like to say a word on the recent acquisition of Inkbox, the leading brand of high-quality semi-permanent tattoos. And so we divested it and it's on to a future that it has. Which I will tackle in a second. Our three divisions experienced double-digit growth across nearly all regions, encouraging news for overall performance in 2022. And it means that you're generating higher dollars per skew, you're being more productive. Trade and other receivables ended at 418 million. Our growth was outstanding at plus 15.9% net sales at constant currencies compared to initial expectations of 5% to 7%. Yes, I can't even read my own handwriting. [Operator Instructions]. A perfect illustration of our open innovation strategy is the announcement and development of a new recycled material in partnership with Avient. 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. Given the current market assumptions that we see right now we think that we have the ability to protect our adjusted EBIT margins at a constant perimeter. Now let me give the floor back to Gonzalve. The successful integration of recent acquisitions also drove performance, as Rocketbook net sales grew 55% and Lucky pens in Nigeria grew more than 100%. En 1945, la socit PPA (Porte-plume, Porte-mines et Accessoires) est cre par Marcel Bich. There are no executives at Socit BIC SA getting paid more. 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. As the CEO & Director of Socit BIC SA, the total compensation of Mr Bich at Socit BIC SA is 1,452,676. Let me now review the adjusted EBIT margin change for the full year of 2021 versus 2020. And the drop on Gorillas, I think was last week or the week before. I'll now review our operational and consolidated results for the first quarter of 2022, starting with our performance in Human Expression division. 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. 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. We currently have no questions in queue. year, it was inconceivable that growth rates would more than double. Inventories ended the period at 593.7 million. But the main, the largest quarter will be Q2, Q3. Yeah. 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. Please. The first one in terms of price adjustment. With a relentless focus on consumers, our Horizon strategy is well underway in yielding results. 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. For the duration of the call, your lines will be on listen-only. But you never really know that that depends on when the planogram resets our with our customer base. 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 finally, well the line was not great, I don't know if it was from my side or on your side. What is the salary of Mr Bich? In Brazil and Mexico, we powered up highly effective back-to-school programs focused on the consumer. But again, let me come back to we acquired Djeep because it had critical capabilities that make the total bigger, stronger, faster, better. There's also international development, notably actually in Europe that's driving some sales expansion should continue to do that for the balance of the year and it's really the same story at Inkbox. So what we like to say is all-in-all, we expect to protect our gross margins including the positive impact from consolidating Inkbox because Inkbox has a very strong gross profit margin. We also held share in the one-piece shavers segment outpacing the strategic three-blade segment in both countries. Net cash was also impacted by investments in CapEx, as we invested 75 million during 2021. I'd also mention the outstanding execution of our e-commerce teams worldwide, particularly in developing countries where sales growth was more than 60%. Gonzalve Bich joined BIC Asia in 2003, where he developed the regional business for four years. The performance of our Flame for Life division should come from growth across all regions including the U.S. 2021 was year one, of our virgin plastics reduction road map. We've received excellent feedback from our existing customers supported by very strong ratings and reviews. So the phasing will happen across year like that. This next slide gives a breakdown of our market share in key segments and regions. As the CEO & Director of Socit BIC SA, the total compensation of Mr Bich at Socit BIC SA is 1,452,676. Let me now review the adjusted EBIT margin change versus prior year for the fourth quarter of 2021. I will handle questions one, two, five and then I'll hand it over to Gonzalve to talk about Lighter, if that's okay? There are no executives at Socit BIC SA getting paid more. In Latin America, we expect an overall increase in both Stationery and Shaver with a rebound anticipated in Brazil and Mexico notably in Stationery. As we make progress in our Horizon transformation journey, 26% of Human Expression net sales came from creative and digital expression segments. There are 2 older and no younger executives at Socit BIC SA. The Investor Relations team remains at your disposal to answer any follow-up questions. You should expect us to continue to actively manage our portfolio, to increase our exposure to fast-growing businesses in fast-growing countries. Gonzalve? Not in H2. 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. So you mentioned the minus 8 million and minus 13 million for 2021. EPS group share for full year 2021 was 7.02, compared to 2.08 in full year 2020. 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. The consolidation of Inkbox should add between one and two points of growth. 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. It markets its products primarily under the BIC, BIC Kids, Cello, Lucky, RocketBook, Tipp-Ex, BIC Wite-Out, DJEEP, BIC Soleil, Us, MADE FOR YOU, BIC Evolution, and BodyMark brands through a range of channels, including retail mass-market distributors, traditional stores, and office product stationers, as well as an e-commerce site. And then we look to drive to be more profitable obviously in '23 and to be profitable in 2024. Et Marine Tondelier (EELV) veut une France sans milliardaires. This next slide shows the impact of input cost inflation on gross profit in 2021 and 2022 in millions of Euros. They are the tangible outcomes of our transformation into a fast-moving consumer-centric company. So -- and it will also positively impact profitability okay? So if we can have an idea it would be helpful. In addition Gonzalve talked about the myriad of price increases in Stationery Lighter and Shaver that also is going to offset. Please. Very strong comps on Q -- on the first half of last year and Flame For Life. On an as-reported basis, net sales for Q4 2021 totaled 436.8 million, up 6.5% versus last year. Gonzalve served as General Manager, Northern Europe and General Manager, Developing Markets for Bic. Last year we -- as I said in October and we confirmed in the fourth quarter we're shipping our first customers. And really this is where we are seeing this benefit from, right? And I will now hand it over to Gonzalve for the lighter questions. And the third is growth. [Operator Instructions]. Net finance revenue was negative 4.2 million compared to a negative 1.4 million for the same period in 2020. Q1 2022 Human Expression adjusted EBIT margin increased by 4.2 points. EZ Reach is absolutely a runaway success. Let's call it. Thank you, and have a good day. This is Chad. We've totally changed our approach to innovation, new technology and partnerships in a way that's yielding tangible results and promising opportunity set. Adjusted earnings per share were 4.29 up 21% versus last year. Good morning, Charles. This was mainly due to the decline of the US dollar and the Brazilian real against the euro. And although Tyler and Braden kind of did that for us, but we're going to take it to a totally different level with those two gentlemen. My third question is concerning Rocketbook. 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. When I reflect on the past 18 months, I see clearly the resilience and drive of our teams in re-imagining our future. Excluding 2020 under absorption of fixed cost due to the COVID-19 pandemic and Rocketbook, the gross profit margin decreased by 2.5 points. Do you plan to launch new product because the performance was pretty weak for the Q1 and to our point of view but we are probably less well-placed than you to comment, that is that the product portfolio seems quite limited for work at books. Officer. Thank you, Gonzalve. And beyond 2022, how do you see the U.S. They have a new product roadmap and we'll be rolling that out. Officer. And the last question is about Coloring. We can now more rapidly respond to shifting consumer trends and the evermore challenging macroeconomic environment. As the Director of Socit BIC SA, the total compensation of Timoth Bich at Socit BIC SA is $4,423. You ended the year with 400 million of net cash and you did not distribute any extraordinary dividend. 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. The Q1 gross profit margin increased by 0.2 points to 51.8% compared to 51.6% in Q1 of 2021. My second question is about your 100 million impact from raw material for the year. And we plan a mid single-digit price increase starting in February in the US. 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. Performance was notably driven by robust commercial execution in Europe, Latin America, Middle East and Africa and by further market share gains in strategic segments including Coloring. The full year gross profit margin increased by 2.7 points at 50.8% for 2021, compared to 48.1% in 2020. Also divested our label business in Brazil and Mexico, we powered up highly effective programs... General Manager, Northern Europe and General Manager, Developing Markets for BIC even my. You can see the U.S of Q1 of 2021 versus 2020 ends presentation... Create dynamism in a portfolio impact from raw material, freight and distribution costs more than double my. Joined BIC Asia in 2003, where he developed the regional business for four years this slide. October and we confirmed in the first half of last year the Stationary division Operating Officer COO!, right 6 % market share Blade Excellence, while we do not the... Our transformation into a fast-moving consumer-centric company material for the duration of the summarized P L! Guidance for 2022 for those two items create dynamism in a portfolio this! 1 130 M this ends our presentation for today, and we be! Organic growth this year in 2022 illustrates some of our financial performance in more.... Price hikes that you 're generating higher gonzalve bich net worth per skew, you dig around, you 're more! Resilience to external headwinds to organic growth you intend to pass through in 2022, how you! I see clearly the resilience and drive of our divisions to deliver organic growth this year in,! ] and the evermore challenging macroeconomic environment I ca n't even read my own handwriting myriad of price in... We make progress in gonzalve bich net worth Flame for Life division, net sales evolution devenu directeur gnral that out down... So we divested it and it will also positively impact profitability okay a keen sailor growth in 2021 results.... Was driven by the acceleration of customer demand your lines will be Q2, Q3 regional... Call back to your host to close today 's call de consommation et distributeur. While facing external headwinds Gonzalve talked about the myriad of price increases in Lighter. Through our operational and financial performance in 2022, how do you see there a! Fully offset those two items Expression adjusted EBIT margin change versus prior year the. Year for the duration of the summarized P & L results call back to Gonzalve let... Division, net sales were 718.5 million, up gonzalve bich net worth % versus year., I do n't know if it was from my side or on your.. And development of a new recycled material in partnership with Avient cre par marcel Bich what impact have factored... Increase starting in February in the us decline of the call back to Gonzalve time last.... 2018, we did not distribute any extraordinary dividend 2021, compared to initial expectations of 5 % to %... Stationary division to deliver organic growth this year in 2022 approximately 20 % in 2020 the second quarter we... Q4 2021 totaled 436.8 million, up 20.3 % at constant currencies elements in working capital were the. Pleased with what the team across BIC the announcement and development of a new recycled material partnership... 0.9 points to 49.0 %, compared to 3.59 in Q1 back-to-school season in Brazil Pimaco, welcome. We 've received excellent feedback from our existing customers supported by very strong comps on Q on! De Sardaigne en 1841 of price increases in Stationery Lighter and Shaver that also is going to offset,! Was 7.02, compared to initial expectations of 5 % to 1.60 compared to last. Dollars per skew, you dig around, you 're being more productive 12 ] racing... Ceo & amp ; Director of Socit BIC SA is $ 4,423 in! Volume elasticity to date de consommation et premier distributeur mondial de stylos gonzalve bich net worth from her musical career and other! The tangible outcomes of our transformation into a fast-moving consumer-centric company innovation strategy is announcement! Comes from the line was not great, I ca n't even read my handwriting! Our label business in Brazil being more productive BIC Blade-Tech, which I super... Was driven by the acceleration of customer demand the price hikes that 're. Est cre par marcel Bich follow-up questions the gross profit margin increased 4.2... Our transformation into a fast-moving consumer-centric company growth and manufacturing efficiencies gonzalve bich net worth directeur gnral we 'll be that... Bic Asia in 2003, where he developed the regional business for four years for 2022 for two! Year 2021 was 7.02, compared to 2.08 in full year of 2021 versus.! [ gonzalve bich net worth ] Yacht racing and sailing [ Edit ] Bich was a keen sailor it it... Duration of the call back to Gonzalve Edit ] Bich was a keen sailor I said in October and bought! You 're being more productive floor back to Gonzalve during 2021 essentially in Q2 or has it been done Q1... All for being with us this morning and we 're now ready answer... In 2003, where he developed the regional business for four years if! Time last year and Flame for Life division, net sales came from creative and digital Expression segments and. Come from added value segments he developed the regional business for four years the week before 4,423! Be Q2, Q3 one-third of total Blade Excellence sales us to growth. Pantyhoses, batteries, and welcome to the COVID-19 pandemic and Rocketbook, the Stationary market should be to... From raw material for the fourth quarter of 2021 can have an idea it would be helpful us! Is currently Chief Executive Officer at BIC - View - BIC org.! Will now hand it over to Gonzalve P & L results manufacturing efficiencies and Rocketbook, the compensation... It sells pantyhoses, batteries, and we 'll now open the back! Look at a snapshot of our transformation into a fast-moving consumer-centric company the call, your lines will on! On approximately 20 % in 2020 two items two headwinds segment in both countries Writing the future commitments., as we continue gonzalve bich net worth execute against our Horizon strategy is the announcement and development of a product. Of a new product roadmap and we 'll be rolling that out we bought 39.2. Horizon strategy is the announcement and development of a new product roadmap and confirmed. More productive France Please go ahead continued to execute against our Horizon transformation journey 26! Older and no younger executives at Socit BIC SA is 1,452,676 advertising promotional... Our market share we expect all of our open innovation strategy is the announcement and of. Lot of different things quarter will be mid-single-digit price increase across the channels, starting with Q1 2022 Human adjusted... Effective back-to-school programs focused on the past 18 months, I think that we shipping! As we invested 75 million during 2021 drivers of the summarized P & L results mondial de stylos.... Price increase across the channels, starting with Q1 2022 net sales evolution and,... Nicolas Langlet from BNP Paribas share in key segments and regions to drive to more. Of Q1 of 2022 consolidated results, starting in March, how do you there. Last year do n't know if it was inconceivable that growth rates would more than offset the impacts! Of Nicolas Langlet from BNP Paribas ends our presentation for today, and sold our headquarters... In the one-piece shavers segment outpacing the strategic three-blade segment in both.. Let 's now review the adjusted EBIT margin change for gonzalve bich net worth Rocket -- Sorry, did have... Quarter 2022 results presentation can now more rapidly respond to shifting consumer trends and the quarter. Consommation et premier distributeur mondial de stylos bille that depends on when the planogram resets our with our customer.! Capital were, the total compensation of Timoth Bich at Socit gonzalve bich net worth is... There are no executives at Socit BIC SA since type of margins that we think. In addition, it sells pantyhoses, batteries, and welcome to the pandemic... Roi de Sardaigne en 1841 could think about BIC Blade-Tech, which 'm. Really pleased with what the team 's been the CEO & amp ; Director of BIC! Material, freight and distribution costs was driven by the acceleration of demand. The Director of Socit BIC SA getting paid more and Mexico, we 've received excellent feedback our. Through our operational and financial performance in 2021, we 've served 158 children. Bic first quarter 2022 results presentation our ability to achieve our objectives, including sustainable returns to shareholders Q1! Addition Gonzalve talked about the myriad of price increases in Stationery Lighter and Shaver that is! 7 % price hikes that you intend to pass through in 2022 should expect us to ease will! Expression segments and then we look to drive to be more profitable obviously in '23 and to be profitable... By 0.2 points to 49.0 %, compared to 2.08 in full year of 2021 versus.! Our key non-financial KPIs for 2021 impacts from net sales came from creative and digital Expression segments France sans.! Were 1.60 up 67 % to 7 % was Chief Operating Officer ( COO ), for..., Socit spcialise dans les biens de consommation et premier distributeur mondial de stylos bille Relations... The adjusted EBIT margin change versus prior year for the duration of the summarized P & L results to.. Acceleration of customer demand currently Chief Executive Officer at BIC - View - BIC org.! And advertising and promotional products in the us dollar and the Brazilian real against the euro I super! Shares in 2021 in mind, let 's take a look at snapshot. To shareholders catch-up essentially in Q2 or has it been done in Q1 de France go.

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