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Sandro Maje Claudie Pierlot Fursac SMCP 2026 9M Sales Press release - Paris , October 22nd , 2026 Resilient nine - month performance , driven by America and EMEA , despite softer consumer demand in Q3 20269M Sales at € 888m , remaining broadly stable on an organic¹ basis ( -0.2 % ) compared to 2025 ( € 896m ) ○ Organic sales growth in America ( + 8.6 % ) and in the EMEA region ( + 5.5 % ) ; sales stabilization in Asia - Pacific ; decline in France ( -10.4 % ) , impacted by a weak consumption environment and the contraction of the store network ( BHV - SGM ) о Like - for - like growth in all regions outside France , supported by America , helping Group's like - for - like sales growth of + 0.7 % ○ 2026 Q3 Sales at € 291m , organic decline of -2.0 % compared to Q3 2025 ( € 294m ) Continued strict full - price strategy , with a 2 - point reduction in the average discount rate compared to 2025. The improvement was observed across all regions , supported by the ongoing work to enhance brand desirability . Store network of 1,586 points of sale , broadly stable in Q3 : ○ Disciplined retail network management , combining targeted adjustments with selective development opportunities ○ Continued expansion through our partners in existing markets , including the opening of one new country ( Armenia ) 2026 objectives confirmed , assuming no further significant deterioration in trading conditions in France ¹ Organic growth | All references in this document to the “ organic sales performance ” refer to the performance of the Group at constant currency : and scope 1