Gonzalve Bich has served as Chief Executive Officer of Societe BIC S.A. since May 2018. Let's now review our consolidated results, starting with Q1 2022 net sales evolution. What is the salary of Timoth Bich? 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 I will now hand it over to Gonzalve for the lighter questions. Q1 2022 income before tax was 95.2 million with 29.0% tax rate compared to 228.2 million in 2021. Please disable your ad-blocker and refresh. They have a new product roadmap and we'll be rolling that out. Thank you for listening the call and joining us. Adjusted earnings per share were 1.60 up 67% versus last year. 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 adjusted EBIT margin has been favorably impacted by 0.2 points from Rocketbook. This is a tremendous performance boosted by the groundbreaking Snoop and Martha advertising campaign, which clearly resonated with consumers. The dividend payment was 80.9 million and we bought back 39.2 million worth of shares in 2021. 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. Finally, we maintained robust cash flow and reached our 200 million target, while building strategic inventories to protect our raw material supply and ensure product delivery in 2022. 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. Excluding 2020 under absorption of fixed cost due to the COVID-19 pandemic and Rocketbook, the gross profit margin decreased by 2.5 points. Third on Lighter, what is the current levels of inventory in the U.S. vis -a - vis China? Second, we will increase prices in stationery. Yes, we are actively hedging for next year, given the favorable rates that we're seeing right now on the U.S. dollar. But you never really know that that depends on when the planogram resets our with our customer base. So the first one you asked about is about, price increases, and have we pass them all along? In our Flame For Life division, net sales were 718.5 million, up 20.3% at constant currencies. We've accelerated our path to sustainability with dozens of innovative moves and products with environmental benefits, ready to be launched. It has the type of margins that we're looking for. I don't think so. For instance, fixed new intensity, color change pen, which transforms every day writing into a creative opportunity is launched in most geographies. We will start with the usual presentation and then open the floor to your questions. Performance was notably driven by robust commercial execution in Europe, Latin America, Middle East and Africa and by further market share gains in strategic segments including Coloring. Let's call it. Now let me give the floor back to Gonzalve. When we announced the acquisition two months ago, not even two months ago. I'll take the first two, which are really growth related. In Europe, we will implement a mid single-digit price increase across all channels starting in March. Thank you and good morning everyone. Now, on the back of that, what -- what is H2 look like? Inkbox and BodyMark are temporary tattoo marker for the first building blocks of our journey into skin creative. Another question is about your margin. And second question, still on M&A and disposals. Et Marine Tondelier (EELV) veut une France sans milliardaires. In 2021, we reached more than 40 million children around the world. 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. 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, finally in Latin America, it will be mid to high single-digit price increases will be implemented across all divisions in Q1. 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. Net sales were 683.8 million, up 21.3% at constant currencies. Given the first quarter better-than-expected performance on a 12-month rolling growth rate greater than 10%, we now expect to be at the high end of our 7% to 9% net sales growth objective at constant currencies. 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. In Stationery, we have low single-digit price increases planned in both office products and modern mass channels in the first half in Europe. We still have work to do to reduce the use of virgin plastic in our products, with some initiatives delayed due to industrial constraints. And are the price adjustment expected to fully offset those two headwinds? And therefore growth at constant currency should be between 7% and 9% slightly ahead of our Horizon trajectory. Thank you all for being with us this morning and we'll now open the floor to questions. View FREE Public Profile & Reputation for Gonzalve Bich in Westport, CT - See Court Records | Photos | Address, Emails & Phone Number | Personal Review | Income & Net Worth Our net cash position at the end of December 2021 was 400.1 million. Gonzalve Bich is the CEO & Director at Socit BIC SA. But first, I'd like to take a moment to acknowledge the increasing struggles of the conflict in Ukraine is causing for its people. Now looking at our Blade Excellence division. 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. And we plan really to continue to drive that because it's one of those critical, important pillars of the Human Expression strategy that we have in Horizon. Currently, we passed on approximately 20% in the first quarter. So you mentioned the minus 8 million and minus 13 million for 2021. Officer. It's going to happen across all the quarters. Vendu plus de 100 milliards d'exemplaires, il reste ce jour le stylo le plus vendu dans le monde. Yes. We will then open to your questions. How do we increase our revenue for SKU pricing? L'ONG Oxfam accuse les milliardaires (et notamment 10 Franais parmi eux) d'avoir profit de la crise du Covid pour s'enrichir. Among the drivers of the working capital were, the increase in inventories of 97 million. Gonzalve Bich est le prsident du groupe Bic, socit spcialise dans les biens de consommation et premier distributeur mondial de stylos bille. We achieved this in 2021. Net cash was also impacted by investments in CapEx, as we invested 75 million during 2021. Net sales performance was driven by U.S. lighters outstanding results. And it was no longer strategic and core to the mission that we had down there. So that's how you can think about phasing from first half to second. There's also international development, notably actually in Europe that's driving some sales expansion should continue to do that for the balance of the year and it's really the same story at Inkbox. Gonzalve Bich - Chief Executive Officer. Bhad Bhabie is the daughter of Barbara Ann Bregoli and Ira Peskowitz. 03/02/1979, Secteur Our consistent with our Horizon Plan, we successfully executed our RGM strategy, which is key in an inflationary market. 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 here we are, and so are the results. Finally, as Gonzalve mentioned, BIC Blade-Tech successfully contributed to approximately 30% of the division's growth. Gonzalve will explain in more detail how we expect to mitigate these impacts. As we look at the 4 million of non-recurring items in Q1 of 2022, it was driven by 1 million of acquisition costs related to Inkbox announced in January of 2022, and 3 million related to impairment of our Ukraine operations. And we maintain our target of over 200 million of free cash flow. 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. 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. Let me now review the adjusted EBIT margin change versus prior year for the first quarter of 2022. Okay. In 2022, as we pursue our transformation towards a more agile organization, we're confident to continue in this direction and we are planning additional savings which will help mitigate headwinds. Our balance sheet is purposefully strong because we believe that a sound financial situation is key in the current volatile environment. Welcome everyone and thank you for joining us this morning. As I said, acquisitions is a key pillar of Horizon. 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. 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. What impact have you factored in your guidance for 2022 for those two items? And if you go back a few years prior to that we also disposed of BIC Sport. Since the launch of the plan, we acquired two fast-growing companies Rocketbook and Inkbox, in addition to Djeep bought in June of 2020. Cu hi thng gp (FAQ) v Bhad Bhabie Net Worth. Thank you. There are 2 older and no younger executives at Socit BIC SA. Please go ahead. So those are how we respond there. And a little under 24 months, we've assembled an outstanding management team. EPS group share for Q1 2022 was 1.53 compared to 3.59 in Q1 2021. Building on 2021's momentum and the execution of the Horizon Plan, we expect full year 2022 net sales to grow between 7% and 9% at constant currencies. Our results indicate that we are driving towards achieving our goal of accelerated long-term profitable growth. Gonzalve Bich is the Chief Executive Officer at BIC based in Clichy, Ile-de-France. In Latin America our trade-up strategy continued to pay off as we outperformed the markets in both Brazil and Mexico. Now, I'll provide a little color on each of these. Of course, we will continue to push ahead to achieve greater performance in e-commerce. 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? 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. 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