Currency fluctuations had a positive impact of plus 5.4 points, excluding the foreign exchange impact from Argentina. In Stationery, we have low single-digit price increases planned in both office products and modern mass channels in the first half in Europe. So welcome to BIC First Quarter 2022 results presentation. Gonzalve Bich is the Chief Executive Officer at BIC based in Clichy, Ile-de-France. Their technology will help increase the percentage of recycled material used in the handle of the upcoming refillable BIC Click Soleil 5 shaver. However, as already mentioned, supply chain issues impacted our operations, leading to a weak full year performance in the U.S. despite a rebound in the fourth quarter. Now looking at our Blade Excellence division. He served as Executive Vice President, Chief Operating Officer of BIC Group within the Company between January 2017 and May 2018. 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. Our Human Expression division provides a notable example of solid commercial execution this quarter. EPS group share for full year 2021 was 7.02, compared to 2.08 in full year 2020. The oldest executive at Socit BIC SA is Sara A. LaPorta, 60, who is the Chief Strategy & Bus. We can see here that the biggest impact from rising raw materials and sea and airfreight costs happened during the fourth quarter. 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. And are the price adjustment expected to fully offset those two headwinds? Our next major milestone within reach is attaining a 15th share of this important pillar of horizon. First question is on the phasing for 2022. The 84.9 million increase was driven by the 2022 back-to-school sell-in stock build, which we told you about last year. And beyond 2022, how do you see the U.S. This includes one to two points growth from Inkbox and all divisions will contribute to organic growth. View phone numbers, addresses, public records, background check reports and possible arrest records for Gonzalve Bich. In less than 24 months, they transformed their market approach. 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. The oldest executive at Socit BIC SA is Sara A. LaPorta, 60, who is the Chief Strategy & Bus. 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. 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. 1998, Position dans le secteur L'ONG Oxfam accuse les milliardaires (et notamment 10 Franais parmi eux) d'avoir profit de la crise du Covid pour s'enrichir. There are no executives at Socit BIC SA getting paid more. The Q1 gross profit margin increased by 0.2 points to 51.8% compared to 51.6% in Q1 of 2021. But when you listed the price hikes that you intend to pass through in 2022, the line was not great. Check BackgroundGet Contact InfoThis Is Me - Edit This also demonstrated that our all flame occasion strategy is relevant and can sustain growth in lighter. Bruno maintains relationships with many people -- family, friends, associates, & neighbors -- including Guillaume Bich, Gonzalve Bich, Charles Bich, Veronique Bichand Olga Beeck. And as we talk about the gross profit and the headwinds we talked about the volume. Bic Blade-Tech contributed to nearly 30% of the Blade Excellence growth in the first quarter, with a positive impact in profitability. Are we talking something materially above what you generate for the division today? And the challenge for us is really getting back to that Flame For Life Horizon strategy of increasing value over volume, but also driving volume where we have consumer appreciation. Gonzalve? Now, as I begin, I want to formally recognize the outstanding work of our teams in 2021 across the world and despite the ongoing turbulent trading environment, they worked relentlessly to execute our Horizon Plan and achieve our 2021 objectives. Now before opening the floor to questions, I'd like to take a step back to reflect on the main themes that stand out during this presentation with three words: momentum, determination and growth. Through this, we continue to enter untapped into rich areas for growth, fueling our ascension into added value segments. Adjusted EPS group share for Q1 2022 increased by 67% to 1.60 compared to 0.96 last year. That would be definitely a low point for you to consider, that's a very fair assumption. [Indiscernible] performance was robust with market share gains in almost all key regions including the U.S., France, UK, South Africa, and Brazil. This was mainly due to the decline of the US dollar and the Brazilian real against the euro. In addition, it sells pantyhoses, batteries, and shaving preps; and advertising and promotional products. So here we are, and so are the results. Net income group share was 314.2 million as reported for 2021, compared to 93.7 million for 2020. 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. What is the salary of Mr Bich? 11/21/2022 9:52 PM. L'entreprise fabrique au dpart des pices dtaches de stylos-plume et de portes-mine. So we're not afraid of disposals. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. So Chad, your point, it's not only about prices, it's also about promotional effectiveness. This was mainly due to the increase in the U.S. dollar and the Brazilian real against the euro. He moved on to serve as Group People Development Director before joining the Shaver Category as Group Shaver Marketing Director. Create your alert. 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. 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. Gonzalve will explain in more detail how we expect to mitigate these impacts. But the main, the largest quarter will be Q2, Q3. He served as Executive Vice President, Chief Operating Officer of BIC Group within the Company between January 2017 and May 2018. Would you say that Q4, 2021 margin are the lowest due to the absence of price increase and soft organic growth? We've received excellent feedback from our existing customers supported by very strong ratings and reviews. My second question is about your 100 million impact from raw material for the year. This next slide summarizes the evolution of our net cash position between December of 2021 and March 2022. My third question is concerning Rocketbook. However, these results are not an accident. In Brazil and Mexico, we powered up highly effective back-to-school programs focused on the consumer. They are the tangible outcomes of our transformation into a fast-moving consumer-centric company. Very strong comps on Q -- on the first half of last year and Flame For Life. We will start with the usual presentation and then open the floor to your questions. In Latin America our trade-up strategy continued to pay off as we outperformed the markets in both Brazil and Mexico. And today, it represents about 7% of our total stationery sales in the first quarter. 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. Thank you for your questions. 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). Reaching the targets a year early in the midst of the pandemic and continued volatile trading conditions is a testament to the strength of our model and an outstanding achievement by the teams. Thank you. Thanks, [Indiscernible] for your question. 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. In short, our incremental focus on consumers is yielding results. Okay. This ends the review of our 2021 consolidated results. 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. This next slide shows the impact of input cost inflation on gross profit in 2021 in millions of euros. So that's from the topline. But you never really know that that depends on when the planogram resets our with our customer base. FULL YEAR 2018 RESULTS Gonzalve BICH Jim DIPIETRO. Please disable your ad-blocker and refresh. We will continue to focus on operating cash flow with cautious inventory management to protect our supply and delivery. Lighter industry. On an as-reported basis, net sales for Q4 2021 totaled 436.8 million, up 6.5% versus last year. 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. You may now disconnect your lines. [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. Thanks Chad. The consolidation of Inkbox should add between one and two points of growth. So Gonzalve talked about how we're increasing our volumes and notably through continued market share gains and we're going to get market share increases of 60% to 70% across most of all of our markets. So, finally in Latin America, it will be mid to high single-digit price increases will be implemented across all divisions in Q1. Thank you. 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