2023 Q1 Sales

Strong start to the year +8% at constant FX, driven by an excellent momentum in France and a shift back to growth in APAC

• Q1 2023 sales at €305m, +8% at constant exchange rates (+7% on an organic basis) versus
  2022 driven by like-for-like growth despite a high basis of comparison.
• Excellent performance in Europe driven by B&M and digital; Asia back to growth with China’s
  gradual economic recovery; after an outstanding year in 2022, the trend in America is
  stabilizing, supported by like-for-like positive growth in the US.
• Continued reduction of the average discount rate with a one-point decrease compared to the
  first quarter of 2022, coming in particular from digital and Asia.
• The network is decreasing this quarter, mainly due to the permanent shutdown of stores in
  Russia which had not been supplied since February 2022.
• Full-year financial guidance confirmed.