• Press release
3 min time reading

Strong half-year results, delivering broad-based quality growth

  • Corporate news
  • Net sales reached €13,757m in H1 2024, up +4.0% on a like-for-like (LFL) basis; volume/mix up +2.1%, positive in each category

  • Q2 strong volume/mix (+2.9%) leading to +4.0% like-for-like sales growth

  • Recurring operating margin up +45 bps at 12.69% driven by strong improvement in margin from operations

  • Recurring EPS up +2.6% at €1.80

  • Free-cash-flow up +11% at €1.2 bn

  • 2024 guidance confirmed: like-for-like sales growth expected between +3% and +5%, with moderate improvement in recurring operating margin