Growth of 1.9% at constant exchange rates • Third-quarter sales of €21.9bn . Up +1.9% on a reported basis at constant exchange rates and up 0.5% like-for-like . Growth driven by Europe and Latin America • Third-quarter performance reflecting: . Heightened competitive pressure in Europe and particularly in France . Atypical seasonality, notably marked by shifts in dates of promotional campaigns . An improvement in non-food sales (notably in Latin America and France) . A particularly marked fall in food inflation in Brazil and deflation on seasonal fruits and vegetables in Europe . An improvement in the evolution of like-for-like sales in Asia • The new team, which has been rapidly put in place, is fully mobilized to determine the transformation’s key pillars, to be presented by the end of the year.
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