So we've looked at growth and we've looked at how e-commerce is thriving, let me now take a step back to look at sustainability from a product lens. Bhad Bhabie has a net worth of about $20 million. 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. As you can see, we grew or held our positions in 60% to 70% of countries in our three divisions despite challenging markets. Gonzalve received a Bachelor of Arts degree from Harvard Unive rsity. The consolidation of Inkbox should add between one and two points of growth. BIC, Entre dans le classement 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. In the first quarter of 2022, we invested 58.3 million related to the Inkbox acquisition, net cash was also impacted by investments in CapEx as we invested 17.6 million during Q1 of 2022. Moving now to shareholder remuneration. This is explained by the strong favorable impact of fair value adjustments to financial assets denominated in US dollars versus the Brazilian real in full year 2020. And finally on the Blade-Tech B2B business on Shaver what contribution are you expecting from that initiative in 2022? Thank you very much, everyone. Please go ahead. Hello, and welcome to the BIC First Quarter 2022 Results Presentation. Now, to your point, we'll also grow in Human Expression. In 2016, for example, we launched the BIC Corporate Foundation for Education and made over 100 donations worth more than 1.5 million. But you never really know that that depends on when the planogram resets our with our customer base. Gonzalve Bich is the CEO & Director at Socit BIC SA. And that's what the teams are really doing. I don't think so. First question is on the phasing for 2022. This is to ensure strong supply to our customers who asked to have inventories delivered earlier this year and to a lesser extent, input cost inflation, such as raw material, freight, and electricity. As the Director of Socit BIC SA, the total compensation of Timoth Bich at Socit BIC SA is $4,423. 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. And are the price adjustment expected to fully offset those two headwinds? No, that's fine. And today, it represents about 7% of our total stationery sales in the first quarter. And do you expect to fully offset that -- to fully offset that increase through the adjustment you mentioned before? Net cash was also impacted by investments in CapEx, as we invested 75 million during 2021. For the duration of the call, your lines will be on listen-only. BrunoBichnen a pas hrit car le titre se transmet uniquement lan. My third question is concerning Rocketbook. We expect all of our divisions to deliver organic growth this year in 2022, as we continue our momentum from last year. Now, before I give the floor to Chad, I want to say a word about our Invent the Future plan. We had those in sell out in the market as well. Okay, okay. Et dans ce duel, il n'est pas vraiment question desoldes L'intrigant htel l'abandon de Vincent Bollor dans le Finistre. 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. Thanks, Gonzalve. Please go ahead. This digital native direct to consumer powerhouse, strengthens our presence in creative expression market and accelerates our transformation into a fast-moving consumer - centric company. 2022, Depuis 1996, Challenges tablit chaque anne le classement des plus grandes fortunes professionnelles. Check BackgroundGet Contact InfoThis Is Me - Edit To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. The adjusted EBIT margin has been favorably impacted by 0.2 points from Rocketbook. Please ensure your line is unmuted locally, as you will be advised when to ask your question. Good morning, Nicolas. 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. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. 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. Lighters should decrease low-to-single digit. I'll now give the floor to Chad, who'll take us through our operational and financial performance in more detail. So we're not afraid of disposals. To your question about the U.S. Are you able to tell us what was the estimate back in mid-February when you reported the full-year just to understand the extent of the increase compared to February? 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. Sign up in seconds, it's free! [Operator Instructions]. Let me pause here to highlight the incredible job of our Brazilian team. Wallmine is a radically better financial terminal. 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. Let's now review our consolidated results, starting with Q1 2022 net sales evolution. Thank you, and have a good day. The successful integration of recent acquisitions also drove performance, as Rocketbook net sales grew 55% and Lucky pens in Nigeria grew more than 100%. Let's now look forward to 2022. In Q1 of 2022, we invested 17.6 million in CapEx. For the duration of the call, your lines will be on listen-only. Thank you again for your question and see you soon. On an as-reported basis, net sales for Q4 2021 totaled 436.8 million, up 6.5% versus last year. Inventories ended the period at 490 million. The company also provides pocket, utility, decorated, non-decorated classic, electronic, and multipurpose lighters. You may now disconnect your lines. What impact have you factored in your guidance for 2022 for those two items? 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. And we're evaluating plans to increase capacities to answer, increasing demand. 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. The call will be hosted by Gonzalve Bich, Chief Executive Officer; and Chad Spooner, CFO. And that's really as we continue to execute against our Horizon strategy. Net income group share was 67.6 million as reported for Q1 of 2022 compared to 161.6 million for Q1 of 2021. Gonzalve was Consultant for Deloitte & Touche. Finally, as Gonzalve mentioned, BIC Blade-Tech successfully contributed to approximately 30% of the division's growth. 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. Bruno's net worth hovers over $100,000 - $249,999 with a yearly income that's about $100 - 149,999. In 2021, we launched several innovative new products with reduced environmental impact. 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. Finally, we continued to improve the learning conditions for children, to help them succeed in their education. I'll take those. But again, let me come back to we acquired Djeep because it had critical capabilities that make the total bigger, stronger, faster, better. 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. 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. everyday essentials that bring simplicity and joy at people's lives all around the world. Early life. 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. So the phasing will happen across year like that. What is the salary of Mr Bich? 1998, Position dans le secteur Net sales were 168.3. We expect raw materials and freight costs to negatively impact 2022 gross margin. Gonzalve Bich has served as Chief Executive Officer of Societe BIC S.A. since May 2018. Currency fluctuations had a positive impact of 2.9 points excluding the foreign exchange impact from Argentina. And so we divested it and it's on to a future that it has. CapEx is expected to be around 100 million. Gonzalve Bich is the CEO & Director at Socit BIC SA. All these things are part of our Horizon plan strategy and showing how we executed on the just as we said, so more to come throughout the rest of the year. In Brazil and Mexico, we powered up highly effective back-to-school programs focused on the consumer. 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. This next slide summarizes the evolution of our net cash position between December 2020 and December of 2021. Do I think that they're an inventory dislocation? 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. And we'll talk about disposals as well because to your point, rotation is not just about acquiring, it sometimes you need to accept that a project is over. increases that we've seen in Q1 will start to hit us in Q4. The next question comes from the line of Marie Fort from Societe Generale. This was partially offset by the negative impact of raw material costs and sea and airfreight costs. 1 130 M Please go ahead. 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. Gonzalve BICH Thomas BRETTE Franois CLEMENT-GRANDCOURT Benoit MAROTTE Peter DALSBERG 13 February 2019 Presentation. Our sell-in performance was driven by strong results from premium products, such as the flex and solely ranges in Europe. So I would say ahead of the game there. FULL YEAR 2018 RESULTS Gonzalve BICH Jim DIPIETRO. Que se passe-t-il vraiment? How do you see the profile for Q2 for Lighter and Shavers? 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? We talked about the launch of a subscription offer, which we're going to be doing, and more collaborations with artists. The second question on the margin overall. With this in mind, let's take a look at a snapshot of our financial performance in the first quarter of 2022. Yeah. And I think with that level of detail and clarity, you can back into an approximation of how price impacts the topline. Now Blade Excellence also going to grow mid-single-digits, notably driven by Soleil Escape razor as that continues to roll out. 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. 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