In e-commerce, we achieved double-digit to triple-digit growth in developing markets like, India and Brazil. 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. 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. Bich stepped down as Chairman of Societe Bic in 1993. I'm sorry. [Operator Instructions]. Right now, though we're very focused also on building. I'll now review our operational and consolidated results for the first quarter of 2022, starting with our performance in Human Expression division. The call will be hosted by Gonzalve Bich, Chief Executive Officer; and Chad Spooner, CFO. Net sales performance was driven by U.S. lighters outstanding results. So those are how we respond there. Mr Bich is 42, he's been the CEO & Director of Socit BIC SA since . EZ Reach is absolutely a runaway success. This next slide summarizes the evolution of our net cash position between December 2020 and December of 2021. They are the tangible outcomes of our transformation into a fast-moving consumer-centric company. I'll now review our operational and consolidated results for the first quarter of 2022, starting with our performance in Human Expression division. Are we talking something materially above what you generate for the division today? In addition Gonzalve talked about the myriad of price increases in Stationery Lighter and Shaver that also is going to offset. In Mexico the outstanding first-quarter performance of the market was driven by the return to in-person classes and preludes to a very good 2022 back-to-school. 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. They will start by an overall presentation of our 2021 performance and 2022 outlook. Lighter market evolving in value 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. This was partially offset by the negative impact of raw material costs and sea and airfreight costs. The first one in terms of price adjustment. Now, to your point, we'll also grow in Human Expression. Q1 2022 Human Expression adjusted EBIT margin increased by 4.2 points. Nos estimations recensent lensemble des actifs professionnels, cots et/ou non cots, mais ne prennent pas en compte les biens personnels (biens immobiliers, voitures, uvres dart), N(e) le And this is going to continue in 2022. Is this happening to you frequently? 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. 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. Thank you. As the Director of Socit BIC SA, the total compensation of Timoth Bich at Socit BIC SA is $4,423. Thank you and good morning everyone. On the innovation front, our investments in consumer centricity are driving success for new products. 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. Net sales for the full net sales were 515.7 million up 20.4% at constant currency. And I think with that level of detail and clarity, you can back into an approximation of how price impacts the topline. EPS group share for full year 2021 was 7.02, compared to 2.08 in full year 2020. Yes. Yes, we are actively hedging for next year, given the favorable rates that we're seeing right now on the U.S. dollar. 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. So very much a strong contributor to the total division in the mid-term and accretive to profit margins. Marcel's grandson Gonzalve Bich has been CEO since 2018. Let me now review the adjusted EBIT margin change versus prior year for the first quarter of 2022. Walking the talk of corporate purpose and long-term sustainability is important for all companies today and at BIC that's not new. On the back of a strong Q1 2021, our e-commerce Stationery Business was soft, primarily with large pure players. En 1950, l'entreprise sempare du brevet du stylo bille et commercialise le Bic cristal. Thanks, Gonzalve. 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. Gonzalve Bich joined Bic in 2003. Officer. The company was founded in 1944 and is headquartered in Clichy, France. 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. So as a reminder, [Operator Instructions] we have no further questions in the queue, so I will hand the call back to your host for some closing remarks. This was mainly due to the increase in the U.S. dollar and the Brazilian real against the euro. 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. The increase in raw material cost and sea and airfreight costs was offset by manufacturing efficiencies. Please. Gonzalve Bich Net Worth Mr. Gonzalve Bich biography. Throughout the year we successfully managed raw material scarcity, price increases, sea freight disruption, a shortage of local transportation, and ongoing mobility restrictions in many countries. Adjusted earnings per share were 4.29 up 21% versus last year. This is a tremendous performance boosted by the groundbreaking Snoop and Martha advertising campaign, which clearly resonated with consumers. 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. 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. 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. So a strong first half of the year. There are no executives at Socit BIC SA getting paid more. Very strong comps on Q -- on the first half of last year and Flame For Life. Copyright 2023 Surperformance. Thanks, [Indiscernible] for your question. 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. Inkbox and BodyMark are temporary tattoo marker for the first building blocks of our journey into skin creative. He was Chief Operating Officer (COO), responsible for BIC Group Consumer . This next slide summarizes the evolution of our net cash position between December of 2021 and March 2022. So shall we expect a sizable M&A transaction, or are you going to continue to focus on bolt-on acquisitions? 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. Thanks very much Sophie and welcome everyone. Thank you for listening the call and joining us. Good morning, everyone. Our consistent with our Horizon Plan, we successfully executed our RGM strategy, which is key in an inflationary market. In Human Expression, we expect market share gains in the U.S. and solid growth in Latin America and India. Gonzalve Marie Leon Bich. Trade and other payables were 271.0 million at the end of Q1 of 2022. And it means that you're generating higher dollars per skew, you're being more productive. The adjusted EBIT margin was 19.8% compared to 14.7% in Q1 of 2021. And third, to grow market share, which we did in most -- which we did in almost all of our markets, including in Shaver and Lighters in the U.S. and Stationery in the U.K., France and Germany. And lastly, we expect a continued rebound in India, which to date has been severely impacted by the pandemic. As the CEO & Director of Socit BIC SA, the total compensation of Mr Bich at Socit BIC SA is $1,648,089. Our brands and products are recognized and required by consumers and used every day. Last updated: 1 March 2023 at 11:00am EST. And as we talk about the gross profit and the headwinds we talked about the volume. So definitely, acquisitions some divestitures, but really leaning into growth is what my team Chad and I do day in and day out and are super, super laser-focused on. Good pipeline of new products and new projects to animate 2022. Read More. We achieved this in 2021. 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. When we announced the acquisition two months ago, not even two months ago. Hi good morning, everyone. This also demonstrated that our all flame occasion strategy is relevant and can sustain growth in lighter. 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. 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. Et Marine Tondelier (EELV) veut une France sans milliardaires. In addition, to our successful core products added value items such as, EZ Reach and Djeep will continue to grow and we plan to launch new decorated additions for both products this year. 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. Socit BIC SA, the total division in the U.S. and solid growth in Lighter Executive Officer and. 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