News Release

2023 outlook upgraded

• Record margin of 11.3% and record operating income of €2,813m (approximately $3.11 billion) despite a difficult environment
• Significant operating income growth in North America, Asia and emerging countries, which represent over 60% of the Group’s earnings
• Strong increase in free cash flow, up 30% at €2,192m (approximately $2.43 billion)
• Double-digit operating margin expected in full-year 2023 for the third consecutive year, demonstrating the Group’s resilience

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