And finally, in Latin America, mid to high single-digit price increases will be implemented in the first quarter across all divisions. In addition, it sells pantyhoses, batteries, and shaving preps; and advertising and promotional products. The adjusted EBIT margin has been favorably impacted by 0.3 points from operating leverage from net sales growth. H2, very clear, will grow. And the third question -- the fifth, but I'll call my third question, is the U.S. -- Euro hedging. Gonzalve served as General Manager, Northern Europe and General Manager, Developing Markets for Bic. 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. Our balance sheet is purposefully strong because we believe that a sound financial situation is key in the current volatile environment. First question is on the phasing for 2022. As we move towards a more efficient capital allocation, the greatest focus was in our Flame For Life division, which accounted for 43% of the total. Thank you. In e-commerce, we achieved double-digit to triple-digit growth in developing markets like, India and Brazil. And we're on track to achieve our ambitious plastics commitments. 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. We can see here that the biggest impact from rising raw materials and sea and airfreight costs happened during the fourth quarter. Let me now review the adjusted EBIT margin change versus prior year for the fourth quarter of 2021. Rocketbook. 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 second question, still on M&A and disposals. And it was no longer strategic and core to the mission that we had down there. I'll now review our operational and consolidated results for the first quarter of 2022, starting with our performance in Human Expression division. They will start by an overall presentation of our 2021 performance and 2022 outlook. The adjusted EBIT margin has been favorably impacted by 0.2 points from Rocketbook. We achieved this in 2021, with notable performance in developing markets where we grew more than 60% overall. Gonzalve. Thank you. We decreased the DSO as a result of our collection processes, improvements. [12] Yacht racing and sailing [ edit] Bich was a keen sailor. 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. On an as-reported basis, net sales for Q1 2022 totaled 515.7 million up 25.5% versus last year. 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. I'll focus now on how we see this New Year shaping up from a market perspective, starting with our global market assumptions based on Euromonitor and internal estimates. Okay. And finally on the Blade-Tech B2B business on Shaver what contribution are you expecting from that initiative in 2022? Gonzalve Bich Gonzalve Bich Published Oct 3, 2018 . Gonzalve will explain in more detail how we expect to mitigate these impacts. However, these results are not an accident. As you can see we did very well in packaging with a 17.1 point increase in our use of reusable recyclable and compostable plastic in our packaging. So manufacturing efficiencies and procurement savings. Please. 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. In Lighters we expect the market to decrease low-to-mid-single digits following a very strong performance in 2021. They have a new product roadmap and we'll be rolling that out. Not in H2. Hello, and welcome to the BIC First Quarter 2022 Results Presentation. He served as Executive Vice President, Chief Operating Officer of BIC Group within the Company between January 2017 and May 2018. If anything, I think that they're an interesting way to create dynamism in a portfolio. Excluding Inkbox, the gross profit margin increased by 0.1 points. 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. Net sales performance was driven by U.S. lighters outstanding results. How do you see the profile for Q2 for Lighter and Shavers? There are no executives at Socit BIC SA getting paid more. We achieved our objective 50 million cost savings, thanks to improved efficiency of our commercial operations and global supply chain in 2021. As you can see, we grew or held our positions in 60% to 70% of countries in our three divisions despite challenging markets. With a relentless focus on consumers, our Horizon strategy is well underway in yielding results. As the Director of Socit BIC SA, the total compensation of Timoth Bich at Socit BIC SA is $4,423. I'm sorry. Please. So a strong first half of the year. Next question comes from the line of Marie Fort from Societe Generale. 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. The swift response and proactive actions taken meant we could manage almost all of these issues. Socit BIC SA (OTCPK:BICEY) Q1 2022 Earnings Conference Call April 27, 2022 8:00 AM ET, Sophie Palliez-Capian Vice President, Corporate Stakeholder Engagement, Gonzalve Bich Chief Executive Officer. 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. And then we'll expect to see -- and this is going to be driven really by a gradual recovery in the overall supply chain. This is a tremendous performance boosted by the groundbreaking Snoop and Martha advertising campaign, which clearly resonated with consumers. I've about four questions, please. We bought back 13.1 million worth of shares in the first-quarter of 2022. This launch is planned for the spring. Third on Lighter, what is the current levels of inventory in the U.S. vis -a - vis China? 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 therefore growth at constant currency should be between 7% and 9% slightly ahead of our Horizon trajectory. However, we managed to successfully gain market share in premium ranges. The back-to-school seasons in most countries were strong, notably in Mexico and the U.K. Hi Nicolas, this is Chad. This was partially offset by the negative impact of raw material costs and sea and airfreight costs. This includes one to two points growth from Inkbox and all divisions will contribute to organic growth. In the first quarter, the Coloring segment performed well at 16% growth, net sales versus prior year, especially strong Mexico, Brazil, and South Africa. We've totally changed our approach to innovation, new technology and partnerships in a way that's yielding tangible results and promising opportunity set. Through this, we continue to enter untapped into rich areas for growth, fueling our ascension into added value segments. Can you repeat them and tell us how much pricing will contribute to your 7% to 9% sales growth at constant currencies in 2022? The RGM is absolutely critical. And really this is where we are seeing this benefit from, right? He said there were four. BIC, Entre dans le classement In 2016, for example, we launched the BIC Corporate Foundation for Education and made over 100 donations worth more than 1.5 million. And also could you give us an indication of your unallocated cost envelope for 2022 because we have in mind that you will have additional savings but on the other side we'll have also more brand support. Entre Pinault (Kering) et Arnault (LVMH), l'trange Monopoly parisien. As we continue to focus on driving complexity reduction across our portfolio, we achieved a 10% SKU reduction in the first quarter of this year. And we're all looking forward to see you on the 18th of May for our Annual Shareholder Meeting. You may now disconnect your lines. 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. Thank you for joining today's call. Thank you. 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. The second point is our resilience to external headwinds. So -- and it will also positively impact profitability okay? 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. So that's Stationery. We also pursued our strategy to lean towards more added value-driven growth. In 2021 we invested 7.2 million, related to the HACO Industries, Djeep and Rocketbook acquisitions. Gonzalve BICH Thomas BRETTE Franois CLEMENT-GRANDCOURT Benoit MAROTTE Peter DALSBERG 13 February 2019 Presentation. Socit BIC SA (OTCPK:BICEY) Q4 2021 Earnings Conference Call February 16, 2022 2:30 AM ET, Sophie Palliez-Capian - Vice President, Corporate Stakeholder Engagement, Hello and welcome to the BIC 2021 Full Year Results Call. With our eyes set firmly on the horizon, I'm convinced that we will achieve our growth ambition of sustainable and profitable mid-single-digit growth. We will start with the usual presentation and then open the floor to your questions. For instance, fixed new intensity, color change pen, which transforms every day writing into a creative opportunity is launched in most geographies. Please ensure your line is unmuted locally, as you will be advised when to ask your question. Very strong comps on Q -- on the first half of last year and Flame For Life. Officer. So I'm guardedly optimistic about the perspective for the future. Determination; in 2021, we demonstrated that we've evolved into an organization equipped to face adverse conditions through innovation and commercial excellence. And a lot of these changes are really driven by the electricity increases that we've seen, especially in Europe in the first quarter. 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