Seb Sa Unsp/Adr

Hello and welcome to the GroupTablet 2023 Third Quarter Sales and Financial Data. My name is Caroline and I'll be your coordinator for today's event. Please note this call is being recorded and for the duration of the call, your lines will be on listen-only mode. However, you'll have an opportunity to ask questions at the end of the call. This can be done by pressing star 1 on your telephone keypad to register your questions. If you require assistance at any point, please press star 0 and you'll be connected to an operator. I will now hand over the call to your host Stanislas Digamont, the CEO and Oliver Casanova, Senior Executive Vice President, Chief Financial Officer to begin today's conference. Thank you.

Thank you very much Caroline. Good evening, good afternoon everyone. Thank you for Thank you very much for attending this call. As said by Caroline, I will be managing the presentation of the third quarter results together with Olivier Casanova. And maybe before getting into the numbers, I would start by giving the two headlines of the quarter. The first one is that we have confirmed the rebound in sales that we were anticipating from the second quarter. And the second one is on our profitability. Confirming the momentum towards our historical profitability numbers and we are very pleased with this achievement. Without further ado, I will hand it over to Olivier to take us through the numbers first.

Okay, thank you Stanislas and good afternoon everyone. So this is Olivier Casanovas speaking. So on page 5 you have the highlights, the sales numbers, so we are achieving a revenue of 1.9 billion in Q3, which is up 8.9% on a like-for-like basis, as you can see, accelerating the trend that we have seen in H1. Moving to next page, you have the usual bridge of revenue on a nine-month basis. Obviously, in green, we can see the organic growth at 3.9%. As indicated, as expected, in fact, we have a higher currency, negative currency effect in the first nine months at minus 5.1%. You can see in the box on the right hand side the breakdown by quarter and you can see the acceleration of this negative impact in Q3. I'll comment further on the next slide on which currencies are particularly responsible for this move. And you have a modest, sorry before we move, we have a modest scope effect which corresponds to the first consolidation of La San Marco and Pacojet, which are two of the acquisitions made during the year. So moving on to next slide, you can see here the breakdown. We have a total negative currency effect of 282 million, which is in large part due to the depreciation of the RMB. As you can see, it's dropping 8% year on year. And given the size of our revenue in RMB, this is obviously impacting significantly our top line. You can see also that three other currencies are explaining the bulk of this impact. The Turkish Lira, the Ruble and the Egyptian Pound. Obviously, our revenues in these regions, these countries are much smaller, but the depreciation of those currencies year on year has been quite significant. Hence, the very material impact on our top line. Moving to next slide, you can see, as Stanislas was indicating, the acceleration of the recovery with three negative quarters last year, Q1 2023, which was down on the previous year again, and then up 6.8% in Q2 and up 8.9% in Q3. Stanislas, I hand over to you to comment on this.