2023 Annual Results

• FY’23 Net sales of €m 2,871, +22% vs. FY’22, +23% like for like
• Recurring operating income at €m 211.6 (7.4%) vs. €m 84.6 (3.6%) in 2022
• Net income group part at €m 143.4 vs. €m 54.7 in 2022
• EBITDA at €m 260 (9.0%) vs. €m 130 (5.5%) in 2022
• Net debt at €m 389, gearing at 44%, leverage at 1.5
• Dividend payment proposition at €1.35 per share
• Expectation of stable revenue in 2024 compared with 2023
• Expectation of recurring operating profit for 2024 to be over 6.5% of revenues

2023 was a year of further commercial development and strong growth in profitability. The under-performance of 2022 has been completely erased. The Group delivers its historical revenue record and its highest level of recurring operating profit in 15 years.

Michel Denis, President & CEO