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HighCo INTELLIGENT MARKETING Aix - en - Provence , 21 April 2021 ( 6.00 p.m. ) HIGHCO : RETURN TO BUSINESS GROWTH IN Q1 ( GP UP 2.2 % ) ; STRONGER GROWTH EXPECTED IN Q2 ( BETWEEN 6 % AND 8 % ) Business growth in Q1 2021 ■ Q1 2021 gross profit¹ of € 18.59 M , up 2.2 % on a reported basis and LFL² . ■ Growth in digital businesses : Q1 LFL up 2.3 % . Buoyant activity in France : Q1 LFL up 4.5 % ( 86 % of Group gross profit ) . ■ Decline in International business : Q1 LFL down 10.1 % ( 14 % of Group gross profit ) . Growth in Q2 2021 expected between 6 % and 8 % ; 2021 guidance confirmed HighCo Venturi startup studio : update on innovative retail tech projects 2020 Annual Financial Report and Annual General Meeting on 17 May 2021 ( € M ) Q1 Gross Profit¹ 1 Unaudited data . 2021 2020 LFL² 18.59 18.19 2021/2020 LFL2 change + 2.2 % 2 Like for like : Based on a comparable scope and at constant exchange rates ( i.e. applying the average exchange rate over the period to data from the compared period ) . Didier Chabassieu , Chairman of the Management Board , stated , “ In today's still very complex health and economic environment , HighCo has resumed growth , with a first quarter up by 2.2 % . This growth is driven by the strong performance in France ( up 4.5 % ) and other factors including the sharp rise in the use of digital coupons on Click & Collect sites . This positive business trend is expected to continue in the second quarter , with growth in gross profit between 6 % and 8 % , mainly driven by Mobile business , the higher number of coupons cleared , and the business recovery in Belgium . The Group is also moving forward in its innovation strategy through its retail tech startup studio . " 1