2024 Q3 Sales

Q3 performance driven by Europe and the US Environment still challenging in China

• Q3 2024 Sales at €293m, decreasing by -0.9% on an organic(1) basis vs. Q3 2023 Sales at €295m
– Sales growth of +3.1% on an organic basis excluding China, with a good resilience of sales in America and Europe (despite a negative effect of Olympic Games in Paris on the business)
– Trend improvement in September, in particular in France and Europe
– Continued strict full-price strategy with a two-point decrease of average in-season discount rate vs Q3 2023

• 9M 2024 Sales at €878m, decreasing by -2.7% on an organic basis vs 9M 2023 Sales at €905m; excluding China, sales grow by +1.4% on an organic basis
– Good performance for Sandro and Maje in all the markets excluding China

• Pursuit of network optimization with 35 net closings in the quarter, notably in Asia and for Claudie Pierlot in Europe, to reach 1,666 POS

• Pursuit of mid-term action plan of savings to get back to profitable growth

(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