2019 Full Year sales

Robust sales growth in 2019 2019 adj. EBITDA margin guidance confirmed

• 2019 sales growth up +8.7% at ccs. (+11.3% as reported) despite sharp market deterioration in Hong-Kong in Q4 and French social movements
• Stable Like-for-Like sales growth (-0.1%) in 2019 with positive contribution from all regions in Q4 19
• Double-digit international sales growth at ccs. and solid resilience in France (+0.5% at ccs.) in Q4 19
• Dynamic year of openings with +90 net DOS, in line with roadmap
• Confirmation of full-year 2019 guidance on adj. EBITDA margin of between 15.5% and 16%