Finance

2018 Second quarter

ANOTHER QUARTER OF VERY STRONG GROWTH: SALES UP +15.2%
2018 SALES GROWTH GUIDANCE UPGRADED

Paris, July 31st, 2018

- Second-quarter sales up +15.2% at constant currency at €241.3 million (+12.9% reported)
- Solid execution of strategic initiatives during the quarter
- Strong and consistent like-for-like sales growth at +5.8% in H1 18, driven both by brick and mortar and
the successful implementation of the digital strategy (e-commerce reached 14.3% of total sales in H1
2018)
- Outstanding international growth, with sales up +26.5% at constant currency, contributing to 64% of the
Group total sales (+500 bps vs. Q2 17)
- Continuous retail expansion with 114 net openings (POS) over the last 12 months; 47 POS in Q2 18
- 2018 sales guidance upgraded from a range of +11 to +13% at constant currency to above +13% at
constant currency. Adjusted EBITDA margin guidance confirmed at around 17%.