Press release

Strong performance in APAC Europe still impacted by lockdowns and restrictive measures Early signs of recovery in the Americas

  • Q1 2021 Sales: €223.9 million, down -2.1% as reported; -0.6% on an organic (1) basis
  • Strong performance in APAC (+64.6%(1)) driven by a double-digit growth in Mainland China: +92.6%1, and +26% vs. Q1 2019
  • Lockdowns and restrictive measures continue to weigh on performance in Europe
  • Early signs of a rebound in demand and traffic in the Americas, notably in the US
  • Digital sales continue to grow strongly: +38.9%
  • Expansion in Asia // Continued network optimization in France: -33 POS net closings (vs.-8 in Q1 2020)
  • Focus maintained on tight cost and cash management

(1) Organic growth | All references in this document to the “organic sales performance” refer to the performance of the Group at constant currency and scope