SMCP S.A. revised earnings guidance for the fourth quarter of 2023. In the fourth quarter of 2023, Group sales remained stable compared to 2022 at constant exchange rates, despite a macro-economic context that continued to deteriorate: heightened geopolitical tensions, weak household consumption and persistent inflation. The good resilience of the Group in the United States offset a difficult month of December in Europe (particularly in France) and a less dynamic month than expected in China.

Despite those headwinds, the Group decided to maintain a very strict discount policy. Taking these elements into account, the company expects a performance slightly below previous announcement: sales around ?1.230 million, that is a growth at constant FX of +3.8% versus 2022 (previously ?mid-single digit growth?).