How do we increase our revenue for SKU pricing? Not in H2. Adjusted EBIT margin for the division increased by 1.2 points, explained by favorable net sales leverage and favorable fixed cost absorption. In Europe, we will implement a mid single-digit price increase across all channels starting in March. 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. The first one in terms of price adjustment. In North America, the Stationary market should be flat to slightly increasing, following vigorous growth in 2021. Et 200 grandes fortunes rclament une taxation accrue. In addition to strong domestic sales, I want to highlight their successful deployment outside the United States, notably in Europe and in the B2B and education channels, where sales more than doubled. So the phasing will happen across year like that. Please. Among the drivers of the working capital were, the increase in inventories of 97 million. You ended the year with 400 million of net cash and you did not distribute any extraordinary dividend. 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. And really this is where we are seeing this benefit from, right? No problem. In e-commerce, we achieved double-digit to triple-digit growth in developing markets like, India and Brazil. Thank you for joining today's call. This was mainly due to the increase in the U.S. dollar and the Brazilian real against the euro. However, equally important to growth and more sustainable with distribution gains, effective pricing actions, and favorable product mix, including added-value products like the EZ Reach utility lighter, which now reached almost 6% of market share in value just two years after its launch. Let me pause here to highlight the incredible job of our Brazilian team. Thank you for your questions. So I'm guardedly optimistic about the perspective for the future. 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. And one of the things I'm most excited about is it's about creating a new space because we're good at fighting the fight in very mature markets it's a totally different business when you start creating from scratch. 1 130 M Last updated: 1 March 2023 at 11:00am EST. Our next major milestone within reach is attaining a 15th share of this important pillar of horizon. The U.S. was the main growth driver contributing to 37% of the net sales growth on a like-for-like basis. We expect mid to single-digit organic growth driven by higher volumes, new product launches and pricing. 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. 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. It's going to happen across all the quarters. Do you see there is a catch-up essentially in Q2 or has it been done in Q1? In the non-refillable segment our added-value shavers represented an impressive 70% of the total division sales, confirming the relevance of our premiumization strategy. #9. And lastly, free cash flow before acquisitions and disposals stood at 205.7 million. So here we are, and so are the results. In addition, it sells pantyhoses, batteries, and shaving preps; and advertising and promotional products. Les 500 plus grandes fortunes de France 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. Adjusted EPS group share for Q1 2022 increased by 67% to 1.60 compared to 0.96 last year. In Human Expression, we expect market share gains in the U.S. and solid growth in Latin America and India. Our Human Expression division provides a notable example of solid commercial execution this quarter. Let me now review the adjusted EBIT margin change versus prior year for the first quarter of 2022. This is a tremendous performance boosted by the groundbreaking Snoop and Martha advertising campaign, which clearly resonated with consumers. Okay. Now, BIC has -- had a reputation for cautiousness and for delivering rather than promising. Very clear. This next slide summarizes the evolution of our net cash position between December 2020 and December of 2021. 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. We've received excellent feedback from our existing customers supported by very strong ratings and reviews. And we'll continue to look to supporting our R&D as well as we look to long-term innovation. This next slide shows the impact of input cost inflation on gross profit in 2021 and 2022 in millions of Euros. 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. We currently have no questions in queue. In 2021, we invested 75 million in CapEx. They have a new product roadmap and we'll be rolling that out. Net finance revenue was negative 2.6 million compared to a positive 0.8 million for the same period in 2021. He served as Executive Vice President, Chief Operating Officer of BIC Group within the Company between January 2017 and May 2018. First, to grow in all markets. Let's call it. Net cash was also impacted by investments in CapEx, as we invested 75 million during 2021. We achieved this in 2021, with notable performance in developing markets where we grew more than 60% overall. 11/21/2022 9:52 PM. 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. Last updated: 1 March 2023 at 11:00am EST. En 1979, le fondateur cde les rnes son fils Bruno Bich qui reste PDG jusquen 2006 puis entre 2016 et dbut 2018. So very much a strong contributor to the total division in the mid-term and accretive to profit margins. For the duration of the call, your lines will be on listen-only. Thank you, Gonzalve. They will start by an overall presentation of our 2021 performance and 2022 outlook. And we maintain our target of over 200 million of free cash flow. Our consistent with our Horizon Plan, we successfully executed our RGM strategy, which is key in an inflationary market. Sign up in seconds, it's free! Thank you, Gonzalve. Thanks, Gonzalve. All were well received by customers and consumers and demonstrate that sustainable products offer true competitive advantage. Please go ahead. And if you go to the website, you dig around, you're going to find a lot of different things. Welcome to BIC full year 2021 results conference call. Now, in addition to organic growth, our recent acquisitions Rocketbook and Lucky Stationery in Nigeria had a remarkable performance. Just the first one which was the visibility on Lighter and shave in the second quarter. She amassed most of her wealth from her musical career and several other engagements. As I said, acquisitions is a key pillar of Horizon. We bought back 13.1 million worth of shares in the first-quarter of 2022. Now let me give the floor back to Gonzalve. In 2021, we reached more than 40 million children around the world. Third on Lighter, what is the current levels of inventory in the U.S. vis -a - vis China? 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. Please disable your ad-blocker and refresh. 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. Sign up Consistent with our Horizon Plan's target 2022 free cash flow is expected to be above 200 million. Thank you, Gonzalve. 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. And then in addition to that we also have other savings that we're going to be getting on top of our Invent the Future right? This was mainly due to the increase of the US dollar against the euro. You may now disconnect your lines. There are no executives at Socit BIC SA getting paid more. This is Chad. The second half will be on the low end of our net sales range. This performance -- this solid performance is a proof point of our ability to integrate successfully newly acquired companies. Net cash from operating activities was 15.7 million, including 122.8 million in operating cash flow and 107.1 million of negative impact from the change in working capital and others. In less than 24 months, they transformed their market approach. The dividend payment was 80.9 million and we bought back 39.2 million worth of shares in 2021. We confirmed our conviction that it's exciting. Our hearts go out to everyone affected. And on those price increases, have you noticed any [Indiscernible]? He served as Executive Vice President, Chief Operating Officer of BIC Group within the Company between January 2017 and May 2018. And this is going to continue in 2022. We launched innovative products with reduced environmental impact and continued to execute our Writing the Future Together commitments. On the back of a soft first quarter 2021, the stationary market increased doubled digit. 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. Whitepages people search is the most trusted directory. 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. So that's how you can think about phasing from first half to second. [Indiscernible] Thank you. However, these results are not an accident. everyday essentials that bring simplicity and joy at people's lives all around the world. Trade and other payables were 149 million at the end of 2021. Adjusted earnings per share were 4.29 up 21% versus last year. Last Update. Adjusted EBIT will be impacted by an increase in brand support to support 2022 net sales growth and more R&D and OpEx to support long-term growth. BIC CEO details the $400 million market for temporary tattoos January 18, 2022, 1:54 PM BIC CEO Gonzalve Bich joins Yahoo Finance Live to discuss the stationary manufacturer entering the. The increase in raw material cost and sea and airfreight costs was offset by manufacturing efficiencies. So Chad, your point, it's not only about prices, it's also about promotional effectiveness. We will continue to focus on operating cash flow with cautious inventory management to protect our supply and delivery. 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. Moving now to shareholder remuneration. Now, to your point, we'll also grow in Human Expression. We've totally changed our approach to innovation, new technology and partnerships in a way that's yielding tangible results and promising opportunity set. Thanks, Chad. And in regards to price, Gonzalve gave quite a thorough breakdown. Our Flame For Life results were a major achievement this quarter, despite a strong unfavorable comparable base. The first one you said at the beginning of the call that you will actively well reshuffle the portfolio of activity to accelerate the organic sales growth of the company. Net finance revenue was negative 4.2 million compared to a negative 1.4 million for the same period in 2020. Good morning, Charles. How do you see the profile for Q2 for Lighter and Shavers? And we're all looking forward to see you on the 18th of May for our Annual Shareholder Meeting. increases that we've seen in Q1 will start to hit us in Q4. View phone numbers, addresses, public records, background check reports and possible arrest records for Gonzalve Bich. Very strong comps on Q -- on the first half of last year and Flame For Life. This is the important proof point of our increased agility. In line with our Horizon Plan Capital Allocation Policy, the Board will propose a 2.15 per share ordinary dividend at the next Annual General Meeting for a payout ratio of 50% and an increase of 19.4% compared to 2021. And so we're not afraid to sometimes do those smaller bolt-ons. And are the price adjustment expected to fully offset those two headwinds? Gonzalve Bich has served as Chief Executive Officer of Societe BIC S.A. since May 2018. Bich stepped down as Chairman of Societe Bic in 1993. Finally, we continued to improve the learning conditions for children, to help them succeed in their education. The oldest executive at Socit BIC SA is Sara A. LaPorta, 60, who is the Chief Strategy & Bus. 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. In regards to the 100 million of impact for this year. 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. Officer. Mr Bich is 42, he's been the CEO & Director of Socit BIC SA since . On Slide 8, you can see the key elements of the summarized P&L results. Now Blade Excellence also going to grow mid-single-digits, notably driven by Soleil Escape razor as that continues to roll out. 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. Career. Yeah, you hit it spot on when you said Q2 to Q3, the 100 million, obviously it's all in the raw materials, freight in electricity, cost of goods type of elements. 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. In the first quarter, the Coloring segment performed well at 16% growth, net sales versus prior year, especially strong Mexico, Brazil, and South Africa. Now let me give the floor back to Gonzalve. Hi, Nicolas. Please go ahead. We expect material improvement in 2023, and as mentioned in January, Inkbox should be EBIT positive in 2024. He was Chief Operating Officer (COO), responsible for BIC Group Consumer Business, Human Resources and I.T. The swift response and proactive actions taken meant we could manage almost all of these issues. 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 2021 we invested 7.2 million, related to the HACO Industries, Djeep and Rocketbook acquisitions. From a market perspective, Nicola for '23, I think you're going to see a continued softness. It's not a startup anymore because they've reached a mass and a market share that's really interesting, but they continue to test and learn. The perimeter impact adjustments include mainly the acquisition of Inkbox, partially offset by the Pimaco divestiture. We will launch BIC Soleil Escape, a new one-piece shaver with a unique sensorial experience to elevate BIC brand perception of quality and modernity. Thanks to the success of BIC EZ Reach in the US and the addition of Djeep Lighters in Europe, added-value products accounted for almost 36% of total sales in 2021, on track to reach our 50% objective in 2025. 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. Right now, though we're very focused also on building. Perfect. But the main, the largest quarter will be Q2, Q3. 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. Okay, okay. 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