Gonzalve Bich Net Worth Mr. Gonzalve Bich biography. Please go ahead. 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. 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. Chad will take us through the financial performance in more detail a bit later. And second question, still on M&A and disposals. 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. The Q1 gross profit margin increased by 0.2 points to 51.8% compared to 51.6% in Q1 of 2021. If you have an ad-blocker enabled you may be blocked from proceeding. This also demonstrated that our all flame occasion strategy is relevant and can sustain growth in lighter. All rights reserved. Adjusted earnings per share were 1.60 up 67% versus last year. Thank you. These robust results are important achievements for 2021, but more importantly they position us strongly against our competitors in 2022. Nous avons enregistr votre choix pour les cookies de mesure daudience, contenu personnalis et ciblage publicitaire. The adjusted EBIT margin was 19.8% compared to 14.7% in Q1 of 2021. In the US, we gained 1.2 points market share in Lighters, leaning towards a more added value-driven model with products like EZ Reach. 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. Email. Improved market dynamics in the US, a rebound in both traditional and modern mass channels in Europe and strong growth in Latin America drove the division's performance. Through this, we continue to enter untapped into rich areas for growth, fueling our ascension into added value segments. And so we divested it and it's on to a future that it has. How do you see the profile for Q2 for Lighter and Shavers? 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. Our balance sheet is purposefully strong because we believe that a sound financial situation is key in the current volatile environment. Right now, though we're very focused also on building. And if there is any, it shouldn't be material. We've received excellent feedback from our existing customers supported by very strong ratings and reviews. First, we will increase volumes, which will positively impact our fixed cost absorption. So we're definitely not afraid. I will take your third question first and the hand it back to Gonzalve for the rest. 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. Let me now review the adjusted EBIT margin change versus prior year for the first quarter of 2022. Thanks, [Indiscernible] for your question. Entre Pinault (Kering) et Arnault (LVMH), l'trange Monopoly parisien. Walking the talk of corporate purpose and long-term sustainability is important for all companies today and at BIC that's not new. He was Chief Operating Officer (COO), responsible for BIC Group Consumer . 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. Her single "Hi Bich" was featured on the Billboard Hot 100 chart in 2018. In 2021, we committed to reaching 100% renewable electricity in 2025 and we are fully confident to reach this target. We're confident that we're going to grow net sales in both of these divisions in Q2, which is going to lead to that stronger H1 that we've always talked about. We will start with the usual presentation and then open the floor to your questions. So that's from the topline. Let's now review our consolidated results, starting with Q1 2022 net sales evolution. 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. As the CEO & Director of Socit BIC SA, the total compensation of Mr Bich at Socit BIC SA is $1,648,089. Adjusted EBIT was 270.2 million with a 37.6% margin. 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. For the duration of the call, your lines will be on listen-only. Please disable your ad-blocker and refresh. And this is going to continue in 2022. Mr Bich is 42, he's been the CEO & Director of Socit BIC SA since . But we will be growing in all of the divisions. 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, Stocks and cryptocurrency portfolio tracker. So I'm guardedly optimistic about the perspective for the future. In Shaver, we will focus on revenue growth management to leverage price pack architecture and promotional effectiveness to ensure we deliver a portfolio to meet consumer needs in Europe and the US. Super exciting 2021, 55% growth. This is Chad. 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. 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. Their technology will help increase the percentage of recycled material used in the handle of the upcoming refillable BIC Click Soleil 5 shaver. EPS group share for Q1 2022 was 1.53 compared to 3.59 in Q1 2021. And finally, in Latin America, mid to high single-digit price increases will be implemented in the first quarter across all divisions. We expect mid to single-digit organic growth driven by higher volumes, new product launches and pricing. We all know that in mass manufacturing business like BIC, that translates into mid and long term sustainable savings, which can either be reinvested into the business or dropped to the bottom line. Now let me give the floor back to Gonzalve. Gonzalve? Thank you. Bich stepped down as Chairman of Societe Bic in 1993. We also held or gained share in fast-growing European countries like Poland, Turkey and Russia in shavers where our Hybrid and Flex ranges outperformed the market. Officer. Thank you. Our next major milestone within reach is attaining a 15th share of this important pillar of horizon. So welcome to BIC First Quarter 2022 results presentation. This is a tremendous performance boosted by the groundbreaking Snoop and Martha advertising campaign, which clearly resonated with consumers. On Slide 8, you can see the key elements of the summarized P&L results. EPS group share for full year 2021 was 7.02, compared to 2.08 in full year 2020. Do I think that they're an inventory dislocation? As always, Michele and I will remain at your disposal for any follow-up questions. In short, our incremental focus on consumers is yielding results. 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. Do you see there is a catch-up essentially in Q2 or has it been done in Q1? 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. Now, before I give the floor to Chad, I want to say a word about our Invent the Future plan. In line with Horizon, we will focus on creativity with the launch of a new writing felt pen color range and a brand -- a new brand concept for BodyMark. Last updated: 1 March 2023 at 11:00am EST. In Latin America, we expect an overall increase in both Stationery and Shaver with a rebound anticipated in Brazil and Mexico notably in Stationery. Thank you, Gonzalve. So on a total consolidated basis we're looking to protect our gross margin rate. Net sales were 168.3. From 2008 to 2012, he headed the Northern European business. Full year 2021 income before tax was 447.8 million with a 29.8% tax rate compared to 155.3 million in 2020. My name is Jess, and I'll be your coordinator for today's events. 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. So the phasing will happen across year like that. There are no executives at Socit BIC SA getting paid more. We can now more rapidly respond to shifting consumer trends and the evermore challenging macroeconomic environment. Et tombe en dcrpitude, au grand dam des habitants. Second, we will increase prices in stationery. 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. To ensure that our innovation funnel is filled with exciting new products, we also boosted our global innovation pipeline. We achieved this in 2021. 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. En 1945, la socit PPA (Porte-plume,. Les 500 plus grandes fortunes de France This next slide summarizes the evolution of our net cash position between December 2020 and December of 2021. Net income group share was 314.2 million as reported for 2021, compared to 93.7 million for 2020. I've got three questions from my side. In North America, the Stationary market should be flat to slightly increasing, following vigorous growth in 2021. Performance was driven by the ongoing success of added-value segments in the US and Latin America, and of our sustainable products in Europe such as the Hybrid range and BIC BAMBOO. What impact have you factored in your guidance for 2022 for those two items? as of January 2017. 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? Net income group share was 67.6 million as reported for Q1 of 2022 compared to 161.6 million for Q1 of 2021. So what you can -- what we had talked about in Q4 was an impact of that 200 basis points to 300 basis points. Many thanks. So do you plan to strengthen the deal firm? Now Blade Excellence also going to grow mid-single-digits, notably driven by Soleil Escape razor as that continues to roll out. Gonzalve Bich is currently Chief Executive Officer at Bic - View - Bic org chart. Thanks to our team's outstanding commercial execution, we begin the year with deeper and more enriched customer relations founded upon improved consumer understanding. 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. We currently have no questions in queue. So those are how we respond there. However, these results are not an accident. I'd also mention the outstanding execution of our e-commerce teams worldwide, particularly in developing countries where sales growth was more than 60%. The adjusted EBIT margin has been favorably impacted by 0.2 points from Rocketbook. You ended the year with 400 million of net cash and you did not distribute any extraordinary dividend. Now, to your point, we'll also grow in Human Expression. Let me pause here to highlight the incredible job of our Brazilian team. 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. And we maintain our target of over 200 million of free cash flow. 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. The performance of our Flame for Life division should come from growth across all regions including the U.S. Gonzalve Bich is the CEO & Director at Socit BIC SA. Vos prfrences ont bien t enregistres. And I think with that level of detail and clarity, you can back into an approximation of how price impacts the topline. Bhad Bhabie is the daughter of Barbara Ann Bregoli and Ira Peskowitz. From a market perspective, Nicola for '23, I think you're going to see a continued softness. So we're not planning significant increases in unallocated costs is a way to think about it. We're going to have solid growth in Lighters with strong demand from our customers in the US resulting from some delayed shipments at the end of Q4 we talked about this in October potentially and some prebuys ahead of the 2022 price increases. I'd like to think of the gross profit probably I think it's a more holistic conversation to talk about gross profit in general and how we think about that because there's many elements to it. So a strong first half of the year. Hi good morning, everyone. The 84.9 million increase was driven by the 2022 back-to-school sell-in stock build, which we told you about last year. In less than 24 months, they transformed their market approach. Okay. What is the salary of Timoth Bich? En mai 2018, il cde sa place son fils Gonzalve, devenu directeur gnral. Thank you. [Operator Instructions]. Gonzalve Bich, BIC's chief executive officer, said Inkbox's temporary tattoos and markers "empower individuals to be their continually-evolving, fluid selves." "Consumers today crave newness, desire creative freedom and embody authenticity," Bich said in a statement. Now, in addition to organic growth, our recent acquisitions Rocketbook and Lucky Stationery in Nigeria had a remarkable performance. [Indiscernible] performance was driven by successful back-to-school seasons in both Brazil and South Africa, as well as early shipments to customers for the upcoming back-to-school season in both the U.S. and Europe, which added approximately 5 million to Q1 net sales. Adjusted earnings per share were 4.29 up 21% versus last year. Although the recent acceleration of input cost inflation is expected to have a negative impact on operating margins, I'm confident in our ability to take the necessary actions to mitigate this impact. Thank you. Good pipeline of new products and new projects to animate 2022. First, to grow in all markets. The next question comes from the line of Charles Scotti from Kepler. So I will hand the call back to your host to close today's call. 11/21/2022 9:52 PM. I have every confidence in our strategic choices and our ability to achieve our objectives, including sustainable returns to shareholders. The second half will be on the low end of our net sales range. #9, Position dans le secteur industrie Net sales for the full net sales were 515.7 million up 20.4% at constant currency. She amassed most of her wealth from her musical career and several other engagements. Our growth was outstanding at plus 15.9% net sales at constant currencies compared to initial expectations of 5% to 7%. Can you repeat them and tell us how much pricing will contribute to your 7% to 9% sales growth at constant currencies in 2022? Aprs le dcs fin mai 2021 de Bruno, le fils du fondateur, son fils Gonzalve et sa famille conservent 45,6% du gant des stylos, briquets et rasoirs (CA: 1,6milliard). This digital native direct to consumer powerhouse, strengthens our presence in creative expression market and accelerates our transformation into a fast-moving consumer - centric company. 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. And then just a few short weeks ago, after having launched BodyMark over four years ago, which was a great initial learning step in SKIN CREATIVE, we confirmed our understanding of the space. 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. Thanks, Chad. En 1950, l'entreprise sempare du brevet du stylo bille et commercialise le Bic cristal. Last Update. Wallmine is a radically better financial terminal. 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 call will be hosted by Gonzalve Bich, Chief Executive Officer; and Chad Spooner, CFO. It's a far reaching impacts across all facets of our business. Thanks, Gonzalve. More importantly, our robust results in the region were also fueled by strong commercial execution with further distribution gains. [Operator Instructions]. Thanks very much for your questions. Since the launch of the plan, we acquired two fast-growing companies Rocketbook and Inkbox, in addition to Djeep bought in June of 2020. For instance, fixed new intensity, color change pen, which transforms every day writing into a creative opportunity is launched in most geographies. It's really important as always that we ensure that customers have just the right inventory, not too much, not too little. We started 2022 with strong momentum. Starting with our performance in Human Expression division. Net sales were 683.8 million, up 21.3% at constant currencies. In Lighters, the increase in pocket US lighters should be on average mid single-digit and implemented between February and May in modern mass and convenience channels. [Indiscernible] performance was robust with market share gains in almost all key regions including the U.S., France, UK, South Africa, and Brazil. Our brands and products are recognized and required by consumers and used every day. With this in mind, let's take a look at a snapshot of our financial performance in the first quarter of 2022. Raw material and import freight costs will remain at very high levels. India FM Jaishankar says Soros dangerous, debate needed on democracy, Buffett's Berkshire profit falls on investments, currencies, Bill Gates buys Heineken stake, despite saying he's 'not a big beer drinker', Elon Musk recruits team to develop OpenAI rival - The Information, Musk donated around $1.95 billion in Tesla shares last year, Hedge fund manager Chris Hohn demands Airbus drop Atos deal - letter, Elon Musk's challenge: Stay ahead of the competition, ISS urges Apple shareholders to vote for CEO Tim Cook, other execs' pay packages, Elon Musk accuses media of racism after newspapers drop 'Dilbert' cartoon, French media billionaire Niel fails with bid for TNT television frequence - Arcom, Chief Executive Officer & Executive Director. Across divisions, two important pillars of commercial excellence, our e-commerce and revenue growth management. Cello Writing Instruments & Containers Pvt Ltd. President, Chief Operating Officer & Director. The next question comes from the line of Marie Fort from Societe Generale. The swift response and proactive actions taken meant we could manage almost all of these issues. As we continue to ramp up sales to the different customer sets. 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. As we benefited from orders that cannot be completed in the fourth quarter of 2021 due to supply chain issues which are carried out over the first quarter of 2022. We expect raw materials and freight costs to negatively impact 2022 gross margin. Inkbox's investments in growth will weigh between 50 and 80 basis points on 2022 adjusted EBIT margin. Now before I conclude with our 2022 financial outlook, I'd like to share the factors that will underpin our financial performance this year. Career. Yes. 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? 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. Perfect. And we gained 50 basis points value share and consolidated our solid number one position with more than 57% market share. And the third question -- the fifth, but I'll call my third question, is the U.S. -- Euro hedging. 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. While facing external headwinds, we did not let our guard down. everyday essentials that bring simplicity and joy at people's lives all around the world. Mais, depuis 2009, l'tablissement ne reoit plus de clients. They have a new product roadmap and we'll be rolling that out. Thank you. Thanks, Gonzalve. On slide 19, we see the main elements in working capital. The oldest executive at Socit BIC SA is Sara A. LaPorta, 60, who is the Chief Strategy & Bus. What Is Bhad Bhabie's Net Worth? The increase in raw material cost and sea and airfreight costs was offset by manufacturing efficiencies. To achieve this double-digit online growth, we need three things. And beyond 2022, how do you see the U.S. [Operator Instructions]. So we will see the remainder of them happening throughout the rest of the year. Second question on input cost, so you now expect 100 million headwind for the full year. Our sell-in performance was driven by strong results from premium products, such as the flex and solely ranges in Europe. My name is Jess and I'll be your coordinator for today's event. 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). Thanks to three-blade products such as Comfort 3 and Simply Soleil. 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. In 2021, we launched several innovative new products with reduced environmental impact. We achieved this in 2021, with notable performance in developing markets where we grew more than 60% overall. Thanks very much Sophie and welcome everyone. The Q4 gross profit margin increased by 0.9 points to 49.0%, compared to 48.1% in Q4 of 2020. It was really one of the things that stood out when we launched Horizon a little bit over a year ago as a new and exciting growth lever. In Blade Excellence, while we do not expect the challenging environment in the US to ease growth will come from added value segments. In addition, to our successful core products added value items such as, EZ Reach and Djeep will continue to grow and we plan to launch new decorated additions for both products this year. Last year we -- as I said in October and we confirmed in the fourth quarter we're shipping our first customers. Devel. Inventories ended the period at 593.7 million. So they will be implemented through first half will be the majority. However, in shave, online sales grew more than 50%, notably driven by North America. Up 21 % versus last year, our robust results are important achievements for 2021, more. 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