Paris, April 26, 2023
- Net sales of €6,962m in the first quarter, up +11.6% on a reported basis and +10.5% on a like-for-like (LFL) basis, with price up +10.3% and volume/mix up +0.2%; proforma volume/mix up +1.1% excluding EDP Russia
- Strong start to the year, with all geographies and categories contributing to LFL sales growth:
- +6.2% in Europe driven by France, UK and Poland; further progress on EDP portfolio transformation
- +11.8% in North America led by a continued strong and balanced momentum across segments
- +16.0% in China, North Asia & Oceania with double-digit growth in all three categories
- +12.6% in Latin America, led by Mexico and Brazil with resilient volumes
- +11.8% in Rest of the World, notably supported by favorable calendar effects
- 2023 guidance upgrade: like-for-like sales growth now expected between +4 and +6%; moderate improvement in recurring operating margin confirmed