Clichy, France – October 23, 2024 THIRD QUARTER & NINE MONTHS 2024 RESULTS
Sequential improvement in Q3 Net Sales growth
The third quarter results for 2024 have shown a sequential improvement in net sales growth. This is a positive sign for the company and indicates potential growth in the coming quarters.
Robust adjusted EBIT margin, 2024 Margin Outlook upgraded
The adjusted EBIT margin for 2024 has been robust, with the margin outlook being upgraded. This indicates that the company is managing its costs effectively and is on track for a successful year.
Q3 2024 Net Sales of €540 million
In the third quarter of 2024, the net sales amounted to €540 million, showing a slight increase of 0.2% at constant currency excluding Argentina. This growth was driven by solid performance in Blade Excellence and a return to growth in Flame for Life, partially offset by Human Expression.
Human Expression
The Q3 net sales for Human Expression were €200 million, down 4.3% and were impacted by a soft performance in most key regions, except in the Middle East and Africa.
Flame for Life
Flame for Life saw net sales of €192 million, up 0.7%, with continued strong growth in Europe and a sequential improvement in North America.
Blade Excellence
Blade Excellence recorded net sales of €142 million, up 6.4%, driven by solid performance in North America, Europe, and Latin America.
Overall, the strong Q3 2024 adjusted EBIT of €102 million represents a 20% increase year-on-year.
How will this affect me?
As a consumer, you may see a continuation of strong products and services from the company, as they are showing positive growth and profitability. This could result in more innovative products and potentially better customer service.
How will this affect the world?
The positive results from this company can have a ripple effect on the global economy. A successful company can contribute to job creation, economic growth, and overall stability in the market.
Conclusion
In conclusion, the third quarter and nine months results for 2024 have shown promising growth and profitability for the company. With a sequential improvement in net sales growth, a robust adjusted EBIT margin, and an upgraded margin outlook, the future looks bright for the company. This positive performance can have a beneficial impact on both consumers and the global economy as a whole.
