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We still have work to do to reduce the use of virgin plastic in our products, with some initiatives delayed due to industrial constraints. Net sales performance was driven by U.S. lighters outstanding results. 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 So that's how you can think about phasing from first half to second. Please. So on a total consolidated basis we're looking to protect our gross margin rate. Gonzalve Bich is the CEO & Director at Socit BIC SA. In North America, the Stationary market should be flat to slightly increasing, following vigorous growth in 2021. Officer. And we gained 50 basis points value share and consolidated our solid number one position with more than 57% market share. What is the salary of Mr Bich? The next question comes from the line of Marie Fort from Societe Generale. Adjusted earnings per share were 4.29 up 21% versus last year. Excluding 2020 under absorption of fixed cost due to the COVID-19 pandemic and Rocketbook, the gross profit margin variance was flat versus last year. We held PIMACO for a little bit over a decade, did really well did a lot of -- did what we needed it to do, while we held it in PIMACO -- when we held it in Brazil. 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. The increase in raw material, freight and distribution costs more than offset the positive impacts from net sales growth and manufacturing efficiencies. Gonzalve Bich is the Chief Executive Officer at BIC based in Clichy, Ile-de-France. Gonzalve. Let me now review the adjusted EBIT margin change for the full year of 2021 versus 2020. While remaining committed to our mission, providing everyday essentials that bring simplicity and joy at people's lives all around the world. So those are how we respond there. And I think with that level of detail and clarity, you can back into an approximation of how price impacts the topline. On the innovation front, our investments in consumer centricity are driving success for new products. First, to grow in all markets. Gonzalve Bich is the CEO & Director at Socit BIC SA. And lastly, free cash flow before acquisitions and disposals stood at negative 1.9 million, negatively impacted by 2022 back-to-school inventory bills. 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. So they will be implemented through first half will be the majority. 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. While facing external headwinds, we did not let our guard down. There's other things that we could be doing. Thanks to three-blade products such as Comfort 3 and Simply Soleil. 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 maintain our target of over 200 million of free cash flow. To your question about the U.S. 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. We decreased the DSO as a result of our collection processes, improvements. We achieved our objective 50 million cost savings, thanks to improved efficiency of our commercial operations and global supply chain in 2021. So I'm guardedly optimistic about the perspective for the future. And we could potentially have some new product announcements that Nicolas talked about or asked about a second ago, that would fuel 2023 and might even have a pipeline in December. Okay, okay. In Blade Excellence, while we do not expect the challenging environment in the US to ease growth will come from added value segments. Thanks, Chad. Our consistent with our Horizon Plan, we successfully executed our RGM strategy, which is key in an inflationary market. As I reflect on what we achieved, the four things that stand out for me are; net sales growth, our resilience to external headwinds, our continued progress on sustainability, and maintaining our strong cash flow. 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. It's really important as always that we ensure that customers have just the right inventory, not too much, not too little. Rocketbook contributed 3.7 points to our growth last year. That would be definitely a low point for you to consider, that's a very fair assumption. Let's call it. Your question on Q4 margin I think was pretty well stated given that we didn't have pricing in Q4 etcetera. The call will be hosted by Gonzalve Bich, Chief Executive Officer; and Chad Spooner, CFO. The company also provides pocket, utility, decorated, non-decorated classic, electronic, and multipurpose lighters. And the last question is about Coloring. Walking the talk of corporate purpose and long-term sustainability is important for all companies today and at BIC that's not new. Now looking at our Blade Excellence division. Yes. Thank you very much, everyone. We expect a very strong first half of the year so it will be above -- in the high end of the 7% to 9% range that Gonzalve gave on the organic sales. 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. Le directeur gnral, Gonzalve, et le prsident, son pre, Bruno, contrlent 44 % du n 1 mondial (CA : 1,9 milliard) des biens de consommation : stylos, rasoirs, briquets. 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. First question is about your visibility. The company was founded in 1944 and is headquartered in Clichy, France. We have low single-digit price increase planned in both office products and modern mass channels in the first half in Europe and a mid single-digit price increase starting in February in the US. And we were able to reach high double-digit to triple-digit like-for-like growth in these important growth market. Our Flame For Life results were a major achievement this quarter, despite a strong unfavorable comparable base. And you shouldn't -- that would not be something we'd anticipate in the future at those rates. She amassed most of her wealth from her musical career and several other engagements. Vos prfrences ont bien t enregistres. Que se passe-t-il vraiment? 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. And a little under 24 months, we've assembled an outstanding management team. Les 500 plus grandes fortunes de France We launched innovative products with reduced environmental impact and continued to execute our Writing the Future Together commitments. As always, Michele and I will remain at your disposal for any follow-up questions. 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? So we're not planning significant increases in unallocated costs is a way to think about it. As we look at the 172.2 million of non-recurring items in 2021, it was mainly driven by 167.7 million net gain for the sale of our Clichy headquarters and 3.0 million net gain from the Pimaco divestiture. View FREE Public Profile & Reputation for Gonzalve Bich in Westport, CT - See Court Records | Photos | Address, Emails & Phone Number | Personal Review | Income & Net Worth 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. 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. 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. 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. BrunoBichnen a pas hrit car le titre se transmet uniquement lan. Their technology will help increase the percentage of recycled material used in the handle of the upcoming refillable BIC Click Soleil 5 shaver. Please disable your ad-blocker and refresh. Career. Finally, we continued to improve the learning conditions for children, to help them succeed in their education. 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. Please. And lastly, free cash flow before acquisitions and disposals stood at 205.7 million. We've totally changed our approach to innovation, new technology and partnerships in a way that's yielding tangible results and promising opportunity set. About Press Copyright Contact us Creators Advertise Developers Terms Privacy Policy & Safety How YouTube works Test new features Press Copyright Contact us Creators . 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? 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. 03/02/1979, Secteur Adjusted EPS group share for full year 2021 increased 21% to 4.29, compared to 3.54 last year. Thank you for listening the call and joining us. Inkbox will contribute positively to gross profit. This ends our presentation for today, and we're now ready to answer your questions. Sign up Across divisions, two important pillars of commercial excellence, our e-commerce and revenue growth management. And finally, well the line was not great, I don't know if it was from my side or on your side. Further, the company is involved in the provision of delivery services; production of industrial equipment; and manufacture and distribution of IT solutions and consumer products, as well as in real estate and insurance activities. Second question on input cost, so you now expect 100 million headwind for the full year. I'll start this presentation with an overview of our 2021 achievements and then cover the key drivers of those achievements in more detail. Last Update. You should expect us to continue to actively manage our portfolio, to increase our exposure to fast-growing businesses in fast-growing countries. Gonzalve Bich joined BIC Asia in 2003, where he developed the regional business for four years. I'll now review our operational and consolidated results for the fourth quarter of 2021 and full year 2021. On Slide 10, we see the main elements in working capital. And maybe one last quick question on the innovation. And looking more in the mid- to long term now that you have worked on that initiative for a couple of quarters what sort of market opportunity do you see in the mid to long-term? 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). 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. Now let me give the floor back to Gonzalve. Please go ahead. Okay. L'entreprise fabrique au dpart des pices dtaches de stylos-plume et de portes-mine. In Lighters we expect the market to decrease low-to-mid-single digits following a very strong performance in 2021. My name is Jess and I'll be your coordinator for today's event. 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. Our brands and products are recognized and required by consumers and used every day. There are no executives at Socit BIC SA getting paid more. Okay. But the main, the largest quarter will be Q2, Q3. Adjusted EBIT margin for the division increased by 1.2 points, explained by favorable net sales leverage and favorable fixed cost absorption. [Indiscernible] Thank you. From 2008 to 2012, he headed the Northern European business. Officer. as of January 2017. 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 Shaver, we'll focus on RGM to leverage price pack architectures and promotional effectiveness to ensure that we're delivering the right portfolio to meet the customer needs in both Europe and the US. This next slide illustrates some of our key non-financial KPIs for 2021. Do I think that there could be further touch up in Q2? Gonzalve Bich Net Worth Mr. Gonzalve Bich biography. We expect raw materials and freight costs to negatively impact 2022 gross margin. Lighter market. I'll now give the floor to Chad, who'll take us through our operational and financial performance in more detail. Updating coloring. Our Human Expression division provides a notable example of solid commercial execution this quarter. 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. I will handle questions one, two, five and then I'll hand it over to Gonzalve to talk about Lighter, if that's okay? We achieved this in 2021. Gonzalve Bich Net Worth Mr. Gonzalve Bich biography. The adjusted EBIT margin has been favorably impacted by 0.3 points from operating leverage from net sales growth. What is the salary of Mr Bich? Inkbox's investments in growth will weigh between 50 and 80 basis points on 2022 adjusted EBIT margin. So this ends our call today. 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. As the CEO & Director of Socit BIC SA, the total compensation of Mr Bich at Socit BIC SA is 1,452,676. Thanks very much for your questions. Trade and other receivables ended at 418 million. And today, it represents about 7% of our total stationery sales in the first quarter. Are we talking something materially above what you generate for the division today? Vincent Bollor possde un htel avec vue sur la mer dans la commune littorale de Fouesnant (Finistre). 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. There are 10 executives at Socit BIC SA getting paid more, with Gonzalve Bich having the highest compensation of $1,648,089. So I'll just repeat, the fact that we have plans to increase prices in all categories and regions and I'll walk through those again for you slowly. On an as-reported basis, net sales for Q4 2021 totaled 436.8 million, up 6.5% versus last year. Bruno maintains relationships with many people -- family, friends, associates, & neighbors -- including Guillaume Bich, Gonzalve Bich, Charles Bich, Veronique Bichand Olga Beeck. En 1950, l'entreprise sempare du brevet du stylo bille et commercialise le Bic cristal. On Slide 17, you can see the key elements of the summarized P&L results. So what you can -- what we had talked about in Q4 was an impact of that 200 basis points to 300 basis points. Thanks for your question on BIC Blade-Tech, which I'm super excited about. The continued success of EZ Reach and effective pricing actions. As the CEO & Director of Socit BIC SA, the total compensation of Mr Bich at Socit BIC SA is $1,648,089. Bich stepped down as Chairman of Societe Bic in 1993. All rights reserved. And I will now hand it over to Gonzalve for the lighter questions. There are no executives at Socit BIC SA getting paid more. 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. Yes, I can't even read my own handwriting. 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On Q4 margin I think with that level of detail and clarity, you can see the main in. Stationary division L results low-to-mid-single digits following a very strong performance in more detail net sales performance was by...

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