2023 Q3 Sales

Resilient sales in a deteriorating environment A quarter in line with adjusted guidance

• Q3 2023 sales at €295m, -1% at constant exchange rates (-2% on an organic basis) vs 2022, against strong comparables
• 9M 2023 sales at €905m, +5% at constant exchange rates (+4% on an organic basis) vs 2022
• Consumption slowdown throughout the quarter in Europe and America; slow and weak recovery of China’s economy and more positive trend in other Asian markets
• Consistent trend across all brands
• Maintained discount rate policy; stabilization of the discount rate despite a competitive environment and after two consecutive years of improvement
• Digital sales trend in line with B&M
• Network expansion (46 net openings in Q3) to reach 1,704 points of sales
• Ongoing savings plan delivers positive effects
• Liquidity secured thanks to the extension of financing until 2026/2027, obtained last July
• Significant focus on controlling inventory levels
• Confirmation of full-year guidance revised in September:
  o mid-single digit growth of sales at constant FX vs. 2022
  o adjusted EBIT margin between 7% and 9%