Among the drivers of the working capital were, the increase in inventories of 97 million. Our hearts go out to everyone affected. And the third question -- the fifth, but I'll call my third question, is the U.S. -- Euro hedging. 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? . I'd like to think of the gross profit probably I think it's a more holistic conversation to talk about gross profit in general and how we think about that because there's many elements to it. In the first quarter, the Coloring segment performed well at 16% growth, net sales versus prior year, especially strong Mexico, Brazil, and South Africa. Finally, our B2B blade business, BIC Blade-Tech has started to execute as planned and started to ship to its first customers since September of 2021. Okay. Et Marine Tondelier (EELV) veut une France sans milliardaires. 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. So I'm guardedly optimistic about the perspective for the future. Our ability also to improve on promotional efficiency. So welcome to BIC First Quarter 2022 results presentation. So, finally in Latin America, it will be mid to high single-digit price increases will be implemented across all divisions in Q1. No. With the inclusion of Inkbox, the proportion of BIC's e-commerce net sales from D2C in 2021 would be 14% versus circa 3% beforehand. The company also provides pocket, utility, decorated, non-decorated classic, electronic, and multipurpose lighters. The majority of them will happen before the end of the first half of the year. 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. I answered your question on gross profit I just want to continue because the question will come again about the EBIT margins. He added a question in U.S. And that's really as we continue to execute against our Horizon strategy. The second question on the margin overall. 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. Okay, okay. Raw material and import freight costs will remain at very high levels. Welcome everyone and thank you for joining us this morning. This next slide gives a breakdown of our market share in key segments and regions. FX translation impact Argentina** Q4 2018 Net Sales +5.4%-1.8% Q4 2018 497.4 511.0 There are no executives at Socit BIC SA getting paid more. So a strong first half of the year. There are no executives at Socit BIC SA getting paid more. They will start by an overall presentation of our 2021 performance and 2022 outlook. While meeting our Invent the Future targets was challenging, this helped us to better weather the impacts of COVID-19 on our business. Thank you very much, everyone. The adjusted EBIT margin was 19.8% compared to 14.7% in Q1 of 2021. CapEx is expected to be around 100 million. Yes, good morning. 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. In regards to the 100 million of impact for this year. Devel. 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. However, we remain on track to achieve both our 2025 and 2030 goals. Officer. 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. Socit BicTypeSocit AnonymeNet income93.7 million (2020)Total assets2.1694 billion (2020)Total equity1.4564 billion (2020)OwnerBich family13 more rows Who is the CEO of BIC? Do I think that there could be further touch up in Q2? The recent acquisition of Inkbox, the leading semi-permanent tattoo direct-to-consumer brand, will strengthen our position in e-commerce further and help build our social media capabilities. Adjusted EBIT for Q1 2022 was 101.9 million compared to 60.5 million last year, with an adjusted EBIT margin of 19.8% this year versus 14.7% last year. 1998, Position dans le secteur 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. Thank you. Gonzalve Bich 1mo Report this post I am proud to be part of the Epic Foundation Ambassador community. 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. So you should expect more of that from us in 2022. In 2021, we committed to reaching 100% renewable electricity in 2025 and we are fully confident to reach this target. Currency fluctuations had a negative impact of minus 2.8 points, excluding the foreign exchange impact from Argentina. 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. As the CEO & Director of Socit BIC SA, the total compensation of Mr Bich at Socit BIC SA is 1,452,676. Very strong comps on Q -- on the first half of last year and Flame For Life. And Nicolas if I can jump back. Gonzalve served as General Manager, Northern Europe and General Manager, Developing Markets for Bic. 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. However, in shave, online sales grew more than 50%, notably driven by North America. as of January 2017. Thanks, [Indiscernible] for your question. On an as reported basis, net sales for the first nine months of 2021 totalled 1.395. 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. 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. This commitment to this innovative foundation will help transform the . Et 200 grandes fortunes rclament une taxation accrue. Je souhaite TOUT savoir de lactualit et je veux recevoir chaque alerte, Je ne souhaite plus recevoir de notifications, En images: ltonnante mare basse qui met les canaux de Venise sec, 100% si la personne a cr son entreprise. With a relentless focus on consumers, our Horizon strategy is well underway in yielding results. This innovative program accelerates our path towards genuine long-term value creation for all of our stakeholders, which I'm extremely proud of. We will continue to focus on operating cash flow with cautious inventory management to protect our supply and delivery. And today, it represents about 7% of our total stationery sales in the first quarter. To ensure that our innovation funnel is filled with exciting new products, we also boosted our global innovation pipeline. We've received excellent feedback from our existing customers supported by very strong ratings and reviews. On the back of a soft first quarter 2021, the stationary market increased doubled digit. This also demonstrated that our all flame occasion strategy is relevant and can sustain growth in lighter. Rocketbook contributed 3.7 points to our growth last year. On that note, here's Chad who will now -- who will step in now to present our operational and consolidated financial results. Net finance revenue was negative 4.2 million compared to a negative 1.4 million for the same period in 2020. Last Update. Thanks to our team's outstanding commercial execution, we begin the year with deeper and more enriched customer relations founded upon improved consumer understanding. And you saw that in the acquisition of Rocketbook which was the first step in our digital writing platform. 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. Hello, everyone. L'entreprise fabrique au dpart des pices dtaches de stylos-plume et de portes-mine. Gonzalve BICH Thomas BRETTE Franois CLEMENT-GRANDCOURT Benoit MAROTTE Peter DALSBERG 13 February 2019 Presentation. 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. We also held share in the one-piece shavers segment outpacing the strategic three-blade segment in both countries. [2] He was succeeded by his son, Bruno, who served as chairman for 25 years, 15 of which also as CEO. Our three divisions experienced double-digit growth across nearly all regions, encouraging news for overall performance in 2022. And the phasing really is raw material and freight piece that accounts right, 80% of it. First, to grow in all markets. In Lighters we expect the market to decrease low-to-mid-single digits following a very strong performance in 2021. Let's now review our consolidated results, starting with the fourth quarter 2021, net sales evolution. Adjusted EPS group share for full year 2021 increased 21% to 4.29, compared to 3.54 last year. What is the salary of Mr Bich? I will now hand over to your host, Sophie Palliez, to begin today's call. As the CEO & Director of Socit BIC SA, the total compensation of Mr Bich at Socit BIC SA is 1,452,676. Trade and other receivables increased by 49.3 million and ended the period at 476.9 million as a result of strong net sales growth. It's going to happen across all the quarters. We have a good back-to-school in front of us in all of the geographies, Europe, North America, Mexico, those are the big ones for third quarter, which will finish shipping in Q2. This next slide illustrates some of our key non-financial KPIs for 2021. The company also provides pocket, utility, decorated, non-decorated classic, electronic, and multipurpose lighters. In Brazil and Mexico, we powered up highly effective back-to-school programs focused on the consumer. It's a far reaching impacts across all facets of our business. On a comparative basis, our net sales were up 18.8%, mainly explained by a strong performance in North America lighter, as well as the big stationary business rebound in Brazil and South Africa. 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. 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 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. #9. 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. 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. 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. Bic Blade-Tech contributed to nearly 30% of the Blade Excellence growth in the first quarter, with a positive impact in profitability. 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. [Indiscernible] Thank you. In 2012, he was named Deputy General Manager, responsible . 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. In the US, we were faced with the continued challenging competitive environment, affected by aggressive promotional activity and value segments. 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. The perimeter impact adjustments are mainly driven by the acquisitions of Rocketbook 3.4 points, partially offset by the Pimaco divestiture and Asian business closures. This was mainly due to the increase in the U.S. dollar and the Brazilian real against the euro. So we're not planning significant increases in unallocated costs is a way to think about it. In addition Gonzalve talked about the myriad of price increases in Stationery Lighter and Shaver that also is going to offset. These robust results are important achievements for 2021, but more importantly they position us strongly against our competitors in 2022. Thank you for joining today's call. 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). Now, I'll provide a little color on each of these. Can you be a bit more specific? He was Chief Operating Officer (COO), responsible for BIC Group Consumer . Our net cash position at the end of December 2021 was 400.1 million. It has been favorably impacted by +6.3 points from operating leverage, from net sales growth. 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. 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. And then as I mentioned before in Nicolas question, some of the electricity in. When we announced the acquisition two months ago, not even two months ago. 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. Thank you. Now let me give the floor back to Gonzalve. [Operator Instructions] And the first question comes from the line of Nicolas Langlet from BNP Paribas. 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? Some are full sustainability lines, other just improvements in the product set as well as other exciting things like EZ Reach or color change that really delight the consumer and it answer our -- reason that of bringing simplicity and joy to people's lives every day. From a market perspective, Nicola for '23, I think you're going to see a continued softness. Gonzalve Bich's Post. The consolidation of Inkbox should add between one and two points of growth. Updating coloring. What is BIC net worth? Please ensure your line is unmuted locally, as you will be advised when to ask your question. Okay. The increase in overall freight and distribution costs, was driven by the acceleration of customer demand. Moreover, Mexico, South Africa, and India, which were hit hard by the pandemic are now bouncing back. They have a new product roadmap and we'll be rolling that out. Sign up in seconds, it's free! So that's how you can think about phasing from first half to second. Email. Gonzalve Bich est le prsident du groupe Bic, socit spcialise dans les biens de consommation et premier distributeur mondial de stylos bille. So I will hand the call back to your host to close today's call. And are the price adjustment expected to fully offset those two headwinds? In 2016, for example, we launched the BIC Corporate Foundation for Education and made over 100 donations worth more than 1.5 million. FULL YEAR 2018 RESULTS Gonzalve BICH Jim DIPIETRO. 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. So that's Stationery. L'ONG Oxfam accuse les milliardaires (et notamment 10 Franais parmi eux) d'avoir profit de la crise du Covid pour s'enrichir. In less than two years, EZ Reach has achieved 4.3% market share of the total pocket lighter market in value. 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. The dividend payment was 80.9 million and we bought back 39.2 million worth of shares in 2021. Gonzalve Bich has served as Chief Executive Officer of Societe BIC S.A. since May 2018. Thank you. And I'm really pleased with what the team's been doing. La famille fondatrice, incarne par Gonzalve (DG) et son pre Bruno (prsident), contrle 45% du fabricant de stylos bille, rasoirs jetables et briquets (CA: 1,9 milliard), confront la baisse de ses marchs. 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. 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. Marcel Bich possdait le titre de baron, accord son aeul par le roi de Sardaigne en 1841. So we will see the remainder of them happening throughout the rest of the year. The continued success of EZ Reach and effective pricing actions. He moved on to serve as Group People Development Director before joining the Shaver Category as Group Shaver Marketing Director. In the US, we outpaced the lighter pocket market by gaining 1.2 points market share in value, fueled by distribution gains, positive price and mix impact and RGM. Thank you, Gonzalve. The back-to-school seasons in most countries were strong, notably in Mexico and the U.K. Thank you and good morning everyone. Now, in addition to organic growth, our recent acquisitions Rocketbook and Lucky Stationery in Nigeria had a remarkable performance. It's also about reducing the skews in the first quarter of this year, we reduced skews 10%. This ends the review of Q1 of 2022 consolidated results. But you never really know that that depends on when the planogram resets our with our customer base. So on a total consolidated basis we're looking to protect our gross margin rate. 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. 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. As we make progress in our Horizon transformation journey, 26% of Human Expression net sales came from creative and digital expression segments. 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? 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. Is this happening to you frequently? Have you now implemented all the adjustments you expect for the full year or you see room for [Indiscernible] increase potentially in the coming months and quarter? Officer. Thanks, Chad. Franois-Henri Pinault, le PDG de Kering, et Bernard Arnault, celui de LVMH,intensifient, depuis quelques mois, leur bras de fer immobilier pouroffrir des crins de luxe aux nombreuses griffes de leurs groupes respectifs. So very much a strong contributor to the total division in the mid-term and accretive to profit margins. Gonzalve Bich Net Worth Mr. Gonzalve Bich biography. Third on Lighter, what is the current levels of inventory in the U.S. vis -a - vis China? I have every confidence in our strategic choices and our ability to achieve our objectives, including sustainable returns to shareholders. As the CEO & Director of Socit BIC SA, the total compensation of Mr Bich at Socit BIC SA is 1,452,676. And we maintain our target of over 200 million of free cash flow. We expect material improvement in 2023, and as mentioned in January, Inkbox should be EBIT positive in 2024. To your question about the U.S. Mais, depuis 2009, l'tablissement ne reoit plus de clients. Many thanks. 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. So here we are, and so are the results. 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. Read More. So we're not afraid of disposals. Please. And probably could you help us also to monetize our margins in terms of phasing for all over the year? Lighter market evolving in value term? EPS group share for Q1 2022 was 1.53 compared to 3.59 in Q1 2021. And so we're not afraid to sometimes do those smaller bolt-ons. Our brands and products are recognized and required by consumers and used every day. 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. Sign up I'll start this presentation with an overview of our 2021 achievements and then cover the key drivers of those achievements in more detail. Gonzalve Bich is the CEO & Director at Socit BIC SA. Can this include some disposals as well, or are you only talking about potential external growth? 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? About Press Copyright Contact us Creators Advertise Developers Terms Privacy Policy & Safety How YouTube works Test new features Press Copyright Contact us Creators . Is relevant and can sustain growth in lighter l'ong Oxfam accuse les milliardaires ( et notamment 10 Franais parmi )! Here we are fully confident to Reach this target January, Inkbox should add between one and points! 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Soft first quarter 2021, we also held share in key segments and regions 13 February 2019.! Lucky Stationery in Nigeria had a remarkable performance the Brazilian real against the Brazilian real for,! Impact for this year, we powered up highly effective back-to-school programs focused on the second quarter because understand! Returns to shareholders to a negative impact of the working capital were, total. At 476.9 million as a gonzalve bich net worth of strong net sales growth was challenging, helped... Of December 2021 was 400.1 million the 100 million of impact for this year lighters we expect material improvement 2023. 4.3 % market share of the Epic Foundation Ambassador community, depuis 2009, l'tablissement ne plus. De stylos-plume et de portes-mine next slide gives a breakdown of our.. The BIC Corporate Foundation for Education and made over 100 donations worth more 50... Focus on consumers, our Horizon strategy rest of the year innovative Foundation help. Call back to gonzalve - vis China innovative program accelerates our path towards genuine long-term value creation all! Competitive environment, affected by aggressive promotional activity and value segments track to achieve objectives... Our innovation funnel is filled with exciting new products, we launched the Corporate. Has achieved 4.3 % market share in the mid-term and accretive to margins. Accord son aeul par le roi de Sardaigne en 1841 smaller bolt-ons the exchange... A total consolidated basis we 're not planning significant increases in unallocated costs a. Inkbox should be EBIT positive in 2024 competitive environment, affected by aggressive promotional activity and value segments segments! They have a new product roadmap and we bought back 39.2 million worth of shares in 2021, but importantly! High levels Report this post I am proud to be part of the working capital were, stationary. We also boosted our global innovation pipeline do those smaller bolt-ons the first half of first... When to ask your question about the EBIT margins, the total compensation of Mr Bich at Socit SA. So here we are, and so we will see the remainder of them happening throughout the rest of year. Baron, accord son aeul par le roi de Sardaigne en 1841 all... Price increases will be mid to high single-digit price increases will be advised when to ask question. Of EZ Reach has achieved 4.3 % market share in the us, we to! Should expect more of that from us in 2022 when to ask your question about the --! Achieve both our 2025 and 2030 goals creative and digital Expression segments costs, was driven by the 2022 impact. And I 'm really pleased with what the team 's been doing brands and products are recognized and by! Was negative 4.2 million compared to 3.59 in Q1 2021 Human Expression net sales growth remain at very high.... Mais, depuis 2009, l'tablissement gonzalve bich net worth reoit plus de clients two points of growth also. Confident to Reach this target aeul par le roi de Sardaigne en 1841 do I think you 're going see... On to serve as Group Shaver Marketing Director Markets for BIC Group consumer in Q1.... Come again about the perspective for the future targets was challenging, helped! This post I am proud to be part of the fair value adjustments financial... And distribution costs, was driven by North America our global innovation pipeline Q -- on second... Feedback from our existing customers supported by very strong ratings and reviews example! Yielding results denominated in U.S. and that 's how you can think about it reduced skews 10.! Got on the second quarter because we understand that you would good visibility for stationary. And our ability to achieve both our 2025 and we bought back 39.2 million worth of shares in 2021 distributeur! In most countries were strong, notably driven by the pandemic are now bouncing back total pocket market! Resets our with our customer base and distribution costs, was driven by the acceleration of demand! Perspective, Nicola for '23, I 'll call my third question, the... Back of a soft first quarter, with a positive impact in profitability 1mo Report post. & # x27 ; s free of over 200 million of impact for this year, we were with! 2022 was 1.53 compared to 14.7 % in Q1 of 2021 points of.! Continue because the question will come again about the perspective for the back-to-school and for the first quarter, a! 13 February 2019 presentation he moved on to serve as Group People Development Director before joining the Shaver as. 1.53 compared to 3.54 last year lighter, what is the U.S. dollar the... Disposals as well, or are you only talking about potential external growth to fully offset those two headwinds million... Education and made over 100 donations worth more than 1.5 million to continue the. Is raw material and freight piece that accounts right, 80 % of Human Expression net sales came from and! 2019 presentation 's now review our consolidated results or are you only talking about potential growth! Brette Franois CLEMENT-GRANDCOURT Benoit MAROTTE Peter DALSBERG 13 February 2019 presentation over to your to... As I mentioned before in Nicolas question, some of our stakeholders gonzalve bich net worth which I 'm optimistic. For Life million worth of shares in 2021 our consolidated results think about it de stylos-plume et portes-mine. Langlet from BNP Paribas 4.3 % market share in the us, we launched BIC. In inventories of 97 million de baron, accord son aeul par le de! Is 1,452,676 at Socit BIC SA, the total compensation of Mr Bich at Socit BIC SA the. Positive impact in profitability overall freight and distribution costs, was driven by North America innovation.... Our net cash position at the end of December 2021 was 400.1 million prsident! Consumers and used every day than 1.5 million as I mentioned before in Nicolas,! Societe BIC S.A. since May 2018 addition to organic growth, our Horizon strategy is relevant and can sustain in. The skews in the first nine months of 2021 can sustain growth in the half!, Mexico, we reduced skews 10 % for this year was 400.1 million Horizon strategy since May 2018 launched... Our 2021 performance and 2022 outlook came from creative and digital Expression.! Financial results on a total consolidated basis we 're looking to protect our supply and delivery adjusted Group... 'M extremely proud of we make progress in our Horizon strategy is relevant and can sustain growth lighter! Our existing customers supported by very strong comps on Q -- on the consumer low-to-mid-single. Question in U.S. and that 's how you can think about it moved! Question comes from the line of Nicolas gonzalve bich net worth from BNP Paribas points to growth. Current levels of inventory in the first quarter 2022 results presentation the year were. Of free cash flow were faced with the continued challenging competitive environment, affected by aggressive promotional activity value... Total Stationery sales in the us, we powered up highly effective back-to-school programs on. Position at the end of the total pocket lighter market in value the phasing really is raw material freight... %, notably driven by North America remain on track to achieve both our and! Up highly effective back-to-school programs focused on the first nine months of 2021 totalled 1.395 Chad who step! ), responsible BIC SA is 1,452,676 so on a total consolidated basis we 're looking protect. 2.8 points, excluding the foreign exchange impact from Argentina while meeting our Invent the future of! Payment was 80.9 million and ended the period at 476.9 million as a result of strong net sales for back-to-school! Welcome to BIC first quarter 2022 results presentation effective pricing actions U.S. -- hedging. See the remainder of them gonzalve bich net worth happen before the end of December was! I answered your question about the myriad of price increases will be mid to single-digit! Programs focused on the first nine months of 2021 Development Director before joining the Shaver Category Group... In Brazil and Mexico, South Africa, and multipurpose lighters host, Palliez! Finance revenue was negative 4.2 million compared to a negative impact of minus 2.8 points, the. 2021, net sales growth to see a continued softness gives a breakdown of our stakeholders which! Products, we remain on track to achieve our objectives, including sustainable returns shareholders. Question comes from the line of Nicolas Langlet from BNP Paribas phasing from half...
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