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9-MONTH 2021 SALES AND FINANCIAL DATA

RECORD PERFORMANCES AT END-SEPTEMBER
2021 ASSUMPTIONS REVISED UPWARDS
 

  • Nine-month sales: €5,570m, +18.2% as reported and +18.8% LFL*
  • Third-quarter sales: €1,961m, +9.1% as reported and +6.4% LFL
  • Nine-month Operating Result from Activity (ORfA): €528m, +62.8% vs. 2020
  • Net debt: €1,951m, -€20m vs. 30/09/202

 

 Full-year 2021 assumptions revised upwards

  • Reported sales growth expected around 14% (vs. above 10% previously)
  • ORfA margin should be close to 10%, unchanged vs our communication of end-July, with headwinds (raw materials, components, freight and FX) now estimated at around €300m on the Operating Result from Activity (vs. “more than €250m” at end-July).
     

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