2024 Annual results

• FY’24 net sales of €m 2,656, -7.5% vs. FY’23, -8.0% like for like
• Recurring operating profit at €m 199.0 (7.5%) vs. €m 211.6 (7.4%) in 2023
• EBITDA restated from IFRS 16 at €m 262.0 (9.9%) vs. €m 259.7 (9.0%) in 2023
• Net income attributable to the parent company at €m 121.9 vs. €m 143.4 in 2023
• Net debt at €m 370.4, gearing at 38%, leverage at 1.4
• Dividend payment proposition at €1.25 per share
• Expectation of a stable revenue in 2025 compared with 2024
• Expectation of recurring operating profit for 2025 at 5.5% of revenues, in step with 2024 second half year results without geopolitical and evolution of customs duties impacts

The group closes the fiscal year with a financial performance in line with its forecasts, with a recurring operating profit of 7.5% of net sales, increasing in comparison to 2023. This performance is the result of all the industrial, commercial, and financial actions carried out throughout the year, despite a 7.5% decrease in revenue and significant disparities across sites and geographic areas.

Michel Denis, President & CEO