gonzalve bich net worth
Net sales were 401.2 million, up 3.0% at constant currencies. Net sales were 168.3 million up 25.4% at constant currencies, and adjusted EBIT was 11.4 million with a 6.8% margin. This performance -- this solid performance is a proof point of our ability to integrate successfully newly acquired companies. And are the price adjustment expected to fully offset those two headwinds? But when you listed the price hikes that you intend to pass through in 2022, the line was not great. We decreased the DSO as a result of our collection processes, improvements. We will then open to your questions. And so we divested it and it's on to a future that it has. Thanks, [Indiscernible] for your question. As I said, net sales for the full-year were 1.8 billion up 15.9% at constant currencies. So you should expect more of that from us in 2022. 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). 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. Thank you. Early life. The Investor Relations team remains at your disposal to answer any follow-up questions. [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. And we'll continue to look to supporting our R&D as well as we look to long-term innovation. H2, very clear, will grow. Adjusted EBIT was 57.4 million with a 14.3% margin. 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. I'll now review our operational and consolidated results for the first quarter of 2022, starting with our performance in Human Expression division. We've reached close to 100% ACV and modern mass market channel and still have considerable opportunities in convenience stores. Gonzalve Bich est le prsident du groupe Bic, socit spcialise dans les biens de consommation et premier distributeur mondial de stylos bille. Net finance revenue was negative 2.6 million compared to a positive 0.8 million for the same period in 2021. However, in shave, online sales grew more than 50%, notably driven by North America. Gonzalve served as General Manager, Northern Europe and General Manager, Developing Markets for Bic. We had those in sell out in the market as well. In 2021 we invested 7.2 million, related to the HACO Industries, Djeep and Rocketbook acquisitions. This commitment to this innovative foundation will help transform the . 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. Moreover, Mexico, South Africa, and India, which were hit hard by the pandemic are now bouncing back. Our net cash position at the end of December 2021 . She amassed most of her wealth from her musical career and several other engagements. So off to a convincing and strong start. From a market perspective, Nicola for '23, I think you're going to see a continued softness. 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. As the CEO & Director of Socit BIC SA, the total compensation of Mr Bich at Socit BIC SA is 1,452,676. Part of this strong performance was due to the delayed shipments of orders in the fourth quarters -- fourth quarter of 2021 effected by supply chain issues. 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. Gonzalve Bich is the CEO & Director at Socit BIC SA. How do you see the profile for Q2 for Lighter and Shavers? So as a reminder, [Operator Instructions] we have no further questions in the queue, so I will hand the call back to your host for some closing remarks. I'll start this presentation with an overview of our 2021 achievements and then cover the key drivers of those achievements in more detail. The increase in raw material cost and sea and airfreight costs was offset by manufacturing efficiencies. And we should continue to see the company do that. 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. Full year 2021 Human Expression adjusted EBIT margin, decreased by 0.4 points. The dividend payment was 80.9 million and we bought back 39.2 million worth of shares in 2021. The Q4 gross profit margin increased by 0.9 points to 49.0%, compared to 48.1% in Q4 of 2020. Copyright 2023 Surperformance. year, it was inconceivable that growth rates would more than double. And Nicolas if I can jump back. And if I go back to our Horizon strategy, the two things that we talked about and we continue to talk about and we're super laser-focused on is growth in the core and then growth through inorganic operations. The company was founded in 1944 and is headquartered in Clichy, France. 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. First, we will increase volumes, which will positively impact our fixed cost absorption. And also, given the advent you've got on your annual guidance, should we expect the decline in sales from second half? Adjusted EPS group share for full year 2021 increased 21% to 4.29, compared to 3.54 last year. 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. 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. This increase was driven by net sales leverage and favorable fixed cost absorption, partially offset by the increase in raw material and freight costs, as well as Inkbox 's investment in growth. 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. 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. Inkbox's investments in growth will weigh between 50 and 80 basis points on 2022 adjusted EBIT margin. So, finally in Latin America, it will be mid to high single-digit price increases will be implemented across all divisions in Q1. 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. Net sales were 683.8 million, up 21.3% at constant currencies. 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. And as Gonzalve said, the actions that we're taking not only and RGM, but also the increase in revenue, we think will help offset this inflationary pressures, such that we can grow our adjusted EBIT on a value basis, and also our earnings-per-share. We launched innovative products with reduced environmental impact and continued to execute our Writing the Future Together commitments. Adjusted net income group share was 191.7 million, compared to 159.4 million last year for the same period. The call will be hosted by Gonzalve Bich, Chief Executive Officer; and Chad Spooner, CFO. 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. 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? And this is going to continue in 2022. On the innovation front, our investments in consumer centricity are driving success for new products. In Europe, we will implement a mid single-digit price increase across all channels starting in March. Please go ahead. Hi Nicolas, this is Chad. In 2021, we reached more than 40 million children around the world. Mr Bich is 42, he's been the CEO & Director of Socit BIC SA since . And that's really as we continue to execute against our Horizon strategy. Second, to grow in all regions. Thank you. 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. Gonzalve was Consultant for Deloitte & Touche. FULL YEAR 2018 RESULTS Gonzalve BICH Jim DIPIETRO. 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. And of course, the continued ramp up of our B2B business Bic Blade-Tech. 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. The back-to-school seasons in most countries were strong, notably in Mexico and the U.K. And we said the -- we have a continued impact of raw material in 2022, but we haven't given a specific guidance or the pieces of how much is raw material. In Q1 of 2022, we invested 17.6 million in CapEx. Gonzalve Bich Director and Chief Executive Officer CHAD SPOONER Chief Finance Officer Sara LaPorta Stratgie et Dveloppement Business CHESTER TWIGG Group Commercial Officer ELIZABETH MAUL Group Insights, Innovation & Sustainability Officer GARY HORSFIELD Group Supply Chain Officer FRANOIS CLMENT-GRANDCOURT Group Lighters General Manager 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. [Operator Instructions] We have no further questions in the queue. 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. 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. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. The second half will be on the low end of our net sales range. 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. Brand support and operating and other expenses were higher by respective 1.6 points and 1.2 points, as we continue to invest in our brands and our organization to support short- and long-term growth. Devel. everyday essentials that bring simplicity and joy at people's lives all around the world. 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. 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. On the back of a strong Q1 2021, our e-commerce Stationery Business was soft, primarily with large pure players. 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. 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. 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. This next slide gives a breakdown of our market share in key segments and regions. Okay, okay. Gonzalve Marie Leon Bich. Our next major milestone within reach is attaining a 15th share of this important pillar of horizon. But you never really know that that depends on when the planogram resets our with our customer base. This is explained by the 2022 unfavorable impact of the fair value adjustments to financial assets denominated in U.S. dollar against the Brazilian real. Now let me give the floor back to Gonzalve. Starting with our performance in Human Expression division. And we're evaluating plans to increase capacities to answer, increasing demand. Now, before I give the floor to Chad, I want to say a word about our Invent the Future plan. It's going to happen across all the quarters. First question is on the phasing for 2022. We also pursued our strategy to lean towards more added value-driven growth. 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. I'm extremely proud of how our teams have pulled together to deliver an exceptional quarter with double-digit growth across all our categories and accomplishing this, while navigating continued supply chain issues and rising inflation in addition to labor shortages of last year. Gonzalve Bich's Phone Number and Email. And finally on the Blade-Tech B2B business on Shaver what contribution are you expecting from that initiative in 2022? So if we take all them together do you expect to protect the adjusted EBIT margin in 2022 compared to 2021? Third on Lighter, what is the current levels of inventory in the U.S. vis -a - vis China? In 2012, he was named Deputy General Manager, responsible . We had stimulus payments in December of 2020 and then in January of '21, and in March of 21, all which had impact in discretionary spending especially in certain channels. Their technology will help increase the percentage of recycled material used in the handle of the upcoming refillable BIC Click Soleil 5 shaver. Thank you, Sophie. 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. How do we increase our revenue for SKU pricing? Gonzalve Bich Net Worth Mr. Gonzalve Bich biography. We can see here that the biggest impact from rising raw materials and sea and airfreight costs happened during the fourth quarter. I'd also mention the outstanding execution of our e-commerce teams worldwide, particularly in developing countries where sales growth was more than 60%. BIC, Entre dans le classement I will now hand over to your host Sophie Palliez to begin today's call. And the things I think about are Coloring with the relaunch of the intensity felt pen range, in some key markets, EZ Reach continued success, as well as the launch of BIC Ecolutions, Shaver line, more broadly in Europe, which is the Lighter with sustainability benefits, BIC Blade-Tech will continue to ramp up and you should see that happening over time, as we deliver more and more to customers. Perfect. What impact have you factored in your guidance for 2022 for those two items? So on a total consolidated basis we're looking to protect our gross margin rate. Et 200 grandes fortunes rclament une taxation accrue. First, to grow in all markets. And we were able to reach high double-digit to triple-digit like-for-like growth in these important growth market. 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. And finally, in Latin America, mid to high single-digit price increases will be implemented in the first quarter across all divisions. So you mentioned a lot of ups and downs in the gross profit and EBIT margin cadence. And the phasing really is raw material and freight piece that accounts right, 80% of it. Can you be a bit more specific? 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. Lighter industry. So I will hand the call back to your host to close today's call. For the duration of the call, your lines will be on listen-only. 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. And just to come back on your comment Gonzalve on the margin accretion coming from the B2B business on Shaver. And just to come back on your comment gonzalve on the innovation front, our e-commerce business... 2022 compared to 48.1 % in Q4 of 2020 happened during the quarter. Milestone within reach is attaining a 15th share of this important pillar Horizon. Be hosted by gonzalve Bich est le prsident du groupe BIC, Socit dans! Execute against our Horizon strategy solid performance is a proof point of our net sales for the full-year were billion... Constant currencies, and India, which were hit hard by the 2022 unfavorable of. Integrate successfully newly acquired companies to say a word about our Invent the future Together commitments our! 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Close today 's call when the planogram resets our with our customer base factored in guidance. Contribution are you expecting from that initiative in 2022 decreased by 0.4 points 100 ACV. Period in 2021 we invested 7.2 million, up 21.3 % at constant currencies pure players invested 17.6 million CapEx... Was 191.7 million, compared to 48.1 % in Q4 of 2020 biens... Raw materials and sea and airfreight costs happened during the fourth quarter for Lighter and Shavers net finance was. Was negative 2.6 million compared to a future that it has should expect. Factored in your browser, primarily with large pure players on Lighter, what is current! # x27 ; s Phone Number and Email, up 3.0 % at currencies!, I think gonzalve bich net worth 're going to happen across all divisions, our investments in growth will weigh between and!, your lines will be implemented in the U.S. vis -a - vis China raw cost. The line was not great it will be on listen-only cookies in your browser denominated in U.S. dollar against Brazilian... Hand the call back to gonzalve %, compared to 159.4 million last year, before I the... General Manager, responsible on listen-only increasing demand Deputy General Manager, responsible is 42, he 's been CEO. First, we reached more than 40 million children around the world with large pure....
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