Kering Sa Ord

Welcome to the Caring 2024 Third Quarter Revenue Conference Call and Webcast. Please be advised that today's conference is being recorded. As a reminder, all participants are in listen-only mode. Should anyone need assistance during the conference call, they may signal an operator by pressing star and zero on their telephone. At this time, I would like to turn the conference over to Armel Polou, Group Chief Financial Officer. Please go ahead, madam.

Thank you. Good evening to all of you, and welcome to Cairng's 2024 Third Quarter Revenue Call. Starting on slide four, our revenue in the quarter was close to 3.8 billion euros, not 15% reported and 16% comparable. Cade provided two-point positive scope impact, while FX was one-point negative. The quarter was challenging, marked by a worsening backhaul backdrop waiting on consumer sentiment. This translated into persistently weak traffic.

By region, we saw this extension from the western part of Japan on the back of the strong Britain, then from Asia-Pacific. At the same time, we have not yet seen any deflection in the northern region, and it was more probable to suffer results. In this context, we continue to focus on the execution of our strategy, sustaining efforts to elevate and broaden the relevance of our brand across segments and categories. This is coming together with the 10th quality of sales, for both product and distribution endpoints. The gradual through-the-year complex, including the additional technology that we offer, to support the enrichment and the rejuvenation of our house's product offer.