• Sales guidance revised to between €26.8bn and €27.2bn at updated estimated 2024 average exchange rates.
• Operating margin guidance revised to between 5.0% and 5.3% of sales.
• Net Cash Flow (NCF) guidance revised to ≥ €550m.
• Net debt/Adjusted EBITDA ratio guidance revised to ≤ 2.0x at year-end.

ACCELERATION OF INITIATIVES TO IMPROVE PERFORMANCE IN 2025 IN A CHALLENGING ENVIRONMENT

DELEVERAGING KEY TARGET OF NET DEBT/ADJ. EBITDA RATIO < 1.5x AT END-2025 REMAINS UNCHANGED, SUPPORTED BY DISPOSAL PROGRAM UNDERWAY