First-quarter 2023 Sales

Sales growth of +29% in the quarter to €6.6bn driven by organic growth of +17.6%

Strong outperformance of 1,490bps in the quarter included:

• Favorable geographic mix impact of c. 400bps
• Positive impact related to inflation pass-through of c. 240bps

All business groups outperformed global market growth; all three main regions outperformed their geographies.

Full-year 2023 guidance confirmed.

On track to achieve year-end deleveraging target, closing of previously announced transactions on schedule.

For the complete press release and presentation, please click here.