Seb Sa Unsp/Adr

Hello and welcome to the SEB 2022 third quarter sales and financial data. Please note this conference is being recorded and for the duration of the call your lines will be on listen only. However, you will have the opportunity to ask questions at the end of the presentation. This can be done by pressing star 1 at any point during the call. If you require assistance at any point, please press star 0 and you will be connected to an operator. I will hand over to your host, Stanislas Gramont, CEO, and Nathalie Laumont, CFO, to begin today's conference. Thank you.

Good afternoon, everyone. Stanislas Gramont speaking. Thank you for joining us for this call. I will be taking you through our nine-month sales and financial results together with Nathalie Laumont, our Chief Financial Officer. And without further ado, Nathalie, maybe you want to get us started.

Yeah, thank you very much, Stanislas. Good night, everybody. So we're starting with the group sales review. Moving to the next slide, please. Thank you. In the first nine months of 2022, the group has recorded a total sales of 5,560,000,000 euros. This is reported when compared to 2021, minus 0.2% and minus 4.3%, like for like. It's a trend of continuous growth with the exception of The nine months of 2020, that is reported on the right-hand side of the slide. In the third quarter, the group has reported sales for €1,894,000,000. It's minus 3.4% compared to last year, same quarter, and minus 8% when compared to last year, like for like. It is an increase of 6.6% when compared to 2019. Moving to the next slide and looking at the breakdown of our sales between consumer and professional. First focusing on the consumer business, the group has reported over those nine first months €5.56 billion. So it's minus 1.2% when compared to last year and €1.720 billion in the third quarter. Minus 4.2%, minus 8.8, like for like. On the professional segment, the business has reported 504 million euros of sales in the first nine months. That's close to 11% more than what this business has delivered in 2021, 6% like for like. And in the third quarter, 174 million. If we move to the sales bridge and understand how sales have been developing over these first nine months, you will see that the total sales reported is very close, as I was saying previously, to what we delivered in 2021. It's a slight decrease of 0.2% of sales. but with a strong contrast between organic growth, minus 4.3%, and currency effect, plus 229%, most of it coming from the US dollar, Chinese run, and Russia rubble appreciation when compared to the euro in which we are reporting. Over to you, Stanislas, for a breakdown of...