{"id":57656,"date":"2024-07-26T00:04:04","date_gmt":"2024-07-26T00:04:04","guid":{"rendered":"https:\/\/english.saigonbiz.com.vn\/2024\/07\/26\/hermes-international-2024-half-year-results\/"},"modified":"2024-07-26T00:04:04","modified_gmt":"2024-07-26T00:04:04","slug":"hermes-international-2024-half-year-results","status":"publish","type":"post","link":"https:\/\/english.saigonbiz.com\/vn\/hermes-international-2024-half-year-results\/","title":{"rendered":"Herm\u00e8s International: 2024 Half-year Results"},"content":{"rendered":"<div>\n<p>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<\/p>\n<p align=\"center\"><em>Half-year information report as at the end of June 2024<\/em><\/p>\n<p align=\"center\"><strong>Robust sales and results in the first half<\/strong><br \/>Revenue amounted to \u20ac7.5 billion<br \/>(Revenue increased by 15% at constant rates and by 12% at current rates) <br \/>Recurring operating income reached \u20ac3.1 billion (i.e. 42% of sales)<\/p>\n<p align=\"right\">Paris, 25 July 2024<\/p>\n<p align=\"justify\">The group\u2019s consolidated revenue in the first half of 2024 amounted to \u20ac7.5 billion, up 15% at constant exchange rates and 12% at current exchange rates compared to the same period in 2023. All the geographical areas recorded double-digit growth. Recurring operating income was \u20ac3.1 billion (42% of sales) and net profit (group share) reached \u20ac2.4 billion (32% of sales).<\/p>\n<p align=\"justify\">In the second quarter, sales reached \u20ac3.7 billion, up 13% at constant exchange rates. In a more challenging context, all the regions continued to show remarkable momentum, with the exception of Asia due to an inflection in traffic in Greater China. This growth relies on the loyalty of our customers all over the world.<\/p>\n<p align=\"justify\">Axel Dumas, Executive Chairman of Herm\u00e8s, said: <em>\u201cThe solid first-half results, in a more complex economic and geopolitical context, reflect the strength of Herm\u00e8s\u2019 model. The group is confident in the future and is continuing to invest, to pursue its vertical integration projects and to create new jobs, while remaining true to its values.\u201d<\/em><\/p>\n<p align=\"justify\"><strong>Sales by geographical area at the end of June<\/strong><br \/><em>(at constant exchange rates, unless otherwise indicated)<\/em><\/p>\n<p align=\"justify\">At the end of June 2024, all the geographical areas posted solid growth, despite a particularly high comparison basis in the second quarter in Asia. The exclusive distribution network continued to develop, with store openings and expansions.<\/p>\n<ul type=\"disc\">\n<li style=\"text-align:justify;\">Asia excluding Japan (+10%) posted growth in all the countries of the region. As a reminder, performance in the second quarter of 2023 was exceptional, following the lifting of health measures in China. The house\u2019s value strategy supported activity, despite a downturn in traffic in Greater China observed after the Chinese New Year in the first quarter. In June, the Lee Gardens store in Hong Kong reopened after expansion, after the reopening in May of the renovated Beijing SKP store in China. In April, the Mumbai Jio World Plaza store opened its doors, the house\u2019s third address in India.\n<\/li>\n<li style=\"text-align:justify;\">Japan (+22%) continued its strong growth, thanks to its local clients. A new store was inaugurated in the Ginza district of Tokyo in June, following the Azabudai Hills store in February.\n<\/li>\n<\/ul>\n<ul type=\"disc\">\n<li style=\"text-align:justify;\">The Americas (+13%) confirmed their sustained growth, thanks to the continued solid momentum in the United States. A new store was inaugurated in Princeton, New Jersey, in April. The second chapter of the women\u2019s fall-winter 2024 collection was unveiled in June in New York with the <em>Manhattan Rocabar<\/em> event.\n<\/li>\n<li style=\"text-align:justify;\">Sales in Europe excluding France (+18%) and France (+15%) were particularly robust, thanks to the loyalty of local customers and dynamic tourist flows. In France, the Nantes store reopened in June after being renovated and expanded.\n<\/li>\n<\/ul>\n<p align=\"justify\"><strong>Sales by sector at the end of June<\/strong><br \/><em>(at constant exchange rates, unless otherwise indicated)<\/em><\/p>\n<p align=\"justify\">At the end of June 2024, the m\u00e9tiers showed solid growth, despite a more complex context.<\/p>\n<p align=\"justify\">The Leather Goods and Saddlery m\u00e9tier (+19%) posted a remarkable performance, thanks to the increase in production capacities and particularly sustained demand. The collections have been enriched with new formats, including the <em>Della Cavalleria \u00c9lan<\/em> and the <em>Kelly Mini clout\u00e9 <\/em>models in particular. The travel universe unfolds around an <em>R.M.S. Cargo<\/em> suitcase and weekend bags. The increase in production capacities continues with the opening of the Riom (Puy-de-D\u00f4me) leather goods production site in September 2024 and the laying of the first stone for two new leather goods production sites: Isle-d&#8217;Espagnac (Charente) in April and Loupes (Gironde) in May, which will open in 2025 and 2026 respectively. They will reinforce the nine centres of expertise located across the national territory. Herm\u00e8s is developing employment and training and continues to strengthen its anchoring in France.<\/p>\n<p align=\"justify\">The Ready-to-wear and Accessories sector (+15%) pursued its strong momentum. The men\u2019s spring-summer 2025 fashion show held at Palais d\u2019I\u00e9na in June was very well received. The shoes and fashion accessories displayed designs combining the house\u2019s extensive expertise with boundless creativity.<\/p>\n<p align=\"justify\">The Silk and Textiles sector (+1%) posted growth despite a high comparison basis in the second quarter, thanks to the diversity of creations, materials and formats in both the women\u2019s and men\u2019s collections.<\/p>\n<p align=\"justify\">The Perfume and Beauty sector (+5%) continued its development. The new creation <em>Oud Alezan<\/em> joined the Hermessence collection in February, and the <em>H24 <\/em>men\u2019s line was enriched with <em>Herbes Vives<\/em> in April, two refillable creations. In June, the <em>Bain Herm\u00e8s<\/em> celebrated 10 years with the renewal of the whole collection, Cologne and Parfum-Jardin, around a sustainable range now made of glass. <\/p>\n<p align=\"justify\">The Watches m\u00e9tier was stable and successfully unveiled at the Geneva <em>Watches &amp; Wonders<\/em> exhibition held in mid-April <em>Herm\u00e8s Cut<\/em>, a new line with a sporty spirit featuring a manufacture movement.<\/p>\n<p align=\"justify\">The Other Herm\u00e8s sectors (+19%) which include Jewellery and the Home universe, pursued their strong growth, illustrating the singularity and creativity of the house, in particular with the launch of the eighth Haute Bijouterie collection <em>Les formes de la couleur <\/em>in June, at the Mus\u00e9e des Arts D\u00e9coratifs in Paris. The Home universe collections, presented at the <em>Milan Design Week,<\/em> were very well received, highlighting the singularity of the exceptional savoir-faire of the house.<\/p>\n<p align=\"justify\"><strong>Robust results in the first half of 2024<\/strong><\/p>\n<p align=\"justify\">Recurring operating income increased by 7% to \u20ac3.1 billion compared to \u20ac2.9 billion in the first half of 2023. Despite the negative impact of currency hedging, recurring operating profitability reached 42% compared to 44% at the end of June 2023, an exceptionally high level.<\/p>\n<p align=\"justify\">Consolidated net profit group share amounted to \u20ac2.4 billion compared to \u20ac2.2 billion in the first half of 2023, representing a net profitability of 32% compared to 33% last year. <\/p>\n<p align=\"justify\">The cash flow from operating activities amounted to \u20ac2.2 billion and increased by 7%, at the same rate as the operating income. After operational investments (\u20ac0.3 billion) and repayment of lease liabilities, the adjusted free cash flow reached \u20ac1.8 billion. <\/p>\n<p align=\"justify\">After distribution of the ordinary and extraordinary dividend of \u20ac2.6 billion, the restated net cash position amounted to \u20ac10 billion at the end of June 2024 compared to \u20ac11.2 billion at the end of December 2023. <\/p>\n<p align=\"justify\"><strong>A sustainable and responsible model<\/strong><\/p>\n<p align=\"justify\">In line with its commitments as a responsible employer, the Herm\u00e8s group continued its creation of jobs and increased its workforce by 1,205 people in the first half, including close to 600 in France. At the end of June 2024, the Group employed 23,242 people, including 14,320 in France. The House paid in February a bonus of \u20ac4,000 to all its employees worldwide in respect of 2023, consistent with its policy of sharing the fruits of growth with all those who contribute to it on a daily basis. <\/p>\n<p align=\"justify\">In line with its ambitions to promote diversity, Herm\u00e8s is pursuing its commitment to the inclusion of people with disabilities: the direct employment rate reached 7.12% in France since 2023, doubling in five years. <\/p>\n<p align=\"justify\">In July 2024, employees acquired the remaining 12 shares under the July 2019 free share plan. As a reminder, a new free share plan for all employees was announced in June 2023.<\/p>\n<p>Herm\u00e8s continued to take concrete actions and initiatives in response to climate change and is pursuing its work to preserve natural resources. After identifying its priorities on its direct operations and across the value chain, the group has launched the third step of the <em>Science Based Targets for Nature<\/em> (SBTN) process, to set scientific targets for nature, in particular for biodiversity, fresh water, forests and soils. <\/p>\n<p align=\"justify\">The sustainable and responsible dimension of the house\u2019s artisanal model was rewarded in July with the \u201cGrand Prix toutes categories\u201d Transparency Award, and by a 5-point improvement in Moody\u2019s ESG rating. These results bear witness to the commitments and values of the house. <\/p>\n<p align=\"justify\"><strong>Other highlights <\/strong><\/p>\n<p align=\"justify\">At the end of June 2024, currency fluctuations represented a negative impact of \u20ac207 million on revenue.<\/p>\n<p align=\"justify\">Herm\u00e8s International did not redeem any shares, excluding transactions completed within the framework of the liquidity contract.<\/p>\n<p align=\"justify\">As announced during the annual results, Herm\u00e8s became a majority shareholder in January alongside its partner in the Middle East in the retail activities located in the United Arab Emirates. As a reminder, the impact resulting from this acquisition of a majority stake will not be significant on the 2024 consolidated financial statements.<\/p>\n<p align=\"justify\"><strong>Outlook<\/strong><\/p>\n<p align=\"justify\">In a more complex economic and geopolitical context, the group continues its development with confidence, thanks to the highly integrated artisanal model, the balanced distribution network, the creativity of collections and the loyalty of clients.<\/p>\n<p align=\"justify\">In the medium-term, despite the economic, geopolitical and monetary uncertainties around the world, the group confirms an ambitious goal for revenue growth at constant exchange rates. <\/p>\n<p align=\"justify\">Thanks to its unique business model, Herm\u00e8s is pursuing its long-term development strategy based on creativity, maintaining control over know-how and singular communication.<\/p>\n<p align=\"justify\"><em>In<\/em> <em>the Spirit of the Faubourg<\/em> is the theme of the year. This place, the fruit of \u00c9mile Herm\u00e8s\u2019 dream, is the beating heart of the house. It accompanies Herm\u00e8s everywhere and inspires the effervescence and joyful spirit so dear to the house.<\/p>\n<p align=\"center\"><em>Limited review procedures have been carried out on the condensed interim consolidated financial statements by the Statutory Auditors in accordance with applicable regulations. <\/em><\/p>\n<p align=\"center\"><em>The half-year financial report, the press release and the presentation of the 2024 half-year results are available on the group&#8217;s website: <\/em><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=vKerPWG-MmYldd2dSvsXmv88IBqAVzJsH6sZjH0jRRHmWsduuflUStHFNpXncRd817Qbqy6NqHi5uxB_S4IVJFUisCDyJb-2hzQJL6ia9YY=\" rel=\"nofollow noopener\" target=\"_blank\" title=\"\"><em>https:\/\/finance.hermes.com<\/em><\/a><\/p>\n<p align=\"justify\"><strong>Upcoming events:<\/strong><\/p>\n<ul type=\"disc\">\n<li style=\"text-align:justify;\">24 October 2024: Q3 2024 revenue publication<\/li>\n<li style=\"text-align:justify;\">14 February 2025: 2024 full-year results publication<\/li>\n<li style=\"text-align:justify;\">17 April 2025: Q1 2025 revenue publication<\/li>\n<li style=\"text-align:justify;\">30 April 2025: General Meeting of shareholders<\/li>\n<\/ul>\n<p align=\"center\"><strong><em>FIRST HALF 2024 KEY FIGURES<\/em><\/strong><\/p>\n<table style=\"border-collapse: collapse; margin-left:0; width:401.8pt; border-collapse:collapse ;\">\n<tr>\n<td style=\"width:302.4px;;border-bottom: solid black 1pt ; vertical-align: bottom ; \"> <em>In millions of euros<\/em> <\/td>\n<td style=\"width:72.74px;;text-align: center ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: bottom ; \"> <strong>H1 2024<\/strong> <\/td>\n<td style=\"width:85px;;text-align: center ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: bottom ; \"> <strong>2023<\/strong> <\/td>\n<td style=\"width:75.6px;;text-align: center ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: bottom ; \"> <strong>H1 2023<\/strong> <\/td>\n<\/tr>\n<tr>\n<td style=\"width:302.4px;;vertical-align: middle ; \"> \u00a0 <\/td>\n<td style=\"width:72.74px;;vertical-align: middle ; \"> \u00a0 <\/td>\n<td style=\"width:85px;;vertical-align: middle ; \"> \u00a0 <\/td>\n<td style=\"width:75.6px;;vertical-align: middle ; \"> \u00a0 <\/td>\n<\/tr>\n<tr>\n<td style=\"width:302.4px;;border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> <strong>Revenue<\/strong> <\/td>\n<td style=\"width:72.74px;;text-align: center ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> <strong>7,504<\/strong> <\/td>\n<td style=\"width:85px;;text-align: center ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> <strong>13,427<\/strong> <\/td>\n<td style=\"width:75.6px;;text-align: center ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> <strong>6,698<\/strong> <\/td>\n<\/tr>\n<tr>\n<td style=\"width:302.4px;;border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> <em>Growth at current exchange rates vs. n-1<\/em> <\/td>\n<td style=\"width:72.74px;;text-align: center ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> <em>12.0%<\/em> <\/td>\n<td style=\"width:85px;;text-align: center ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> <em>15.7 %<\/em> <\/td>\n<td style=\"width:75.6px;;text-align: center ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> <em>22.3%<\/em> <\/td>\n<\/tr>\n<tr>\n<td style=\"width:302.4px;;border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> <em>Growth at constant exchange rates vs. n-1 <\/em><sup>(1)<\/sup> <\/td>\n<td style=\"width:72.74px;;text-align: center ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> <em>15.1%<\/em> <\/td>\n<td style=\"width:85px;;text-align: center ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> <em>20.6 %<\/em> <\/td>\n<td style=\"width:75.6px;;text-align: center ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> <em>25.2%<\/em> <\/td>\n<\/tr>\n<tr>\n<td style=\"width:302.4px;;border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> \u00a0 <\/td>\n<td style=\"width:72.74px;;border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> \u00a0 <\/td>\n<td style=\"width:85px;;border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> \u00a0 <\/td>\n<td style=\"width:75.6px;;border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> \u00a0 <\/td>\n<\/tr>\n<tr>\n<td style=\"width:302.4px;;border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> <strong>Recurring operating income <\/strong><sup>(2)<\/sup> <\/td>\n<td style=\"width:72.74px;;text-align: center ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> <strong>3,148<\/strong> <\/td>\n<td style=\"width:85px;;text-align: center ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> <strong>5,650<\/strong> <\/td>\n<td style=\"width:75.6px;;text-align: center ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> <strong>2,947<\/strong> <\/td>\n<\/tr>\n<tr>\n<td style=\"width:302.4px;;border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> <em>As a % of revenue<\/em> <\/td>\n<td style=\"width:72.74px;;text-align: center ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> <em>42.0%<\/em> <\/td>\n<td style=\"width:85px;;text-align: center ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> <em>42.1%<\/em> <\/td>\n<td style=\"width:75.6px;;text-align: center ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> <em>44.0%<\/em> <\/td>\n<\/tr>\n<tr>\n<td style=\"width:302.4px;;border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> \u00a0 <\/td>\n<td style=\"width:72.74px;;border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> \u00a0 <\/td>\n<td style=\"width:85px;;border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> \u00a0 <\/td>\n<td style=\"width:75.6px;;border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> \u00a0 <\/td>\n<\/tr>\n<tr>\n<td style=\"width:302.4px;;border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> <strong>Operating income<\/strong> <\/td>\n<td style=\"width:72.74px;;text-align: center ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> <strong>3,148<\/strong> <\/td>\n<td style=\"width:85px;;text-align: center ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> <strong>5,650<\/strong> <\/td>\n<td style=\"width:75.6px;;text-align: center ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> <strong>2,947<\/strong> <\/td>\n<\/tr>\n<tr>\n<td style=\"width:302.4px;;border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> <em>As a % of revenue<\/em> <\/td>\n<td style=\"width:72.74px;;text-align: center ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> <em>42.0%<\/em> <\/td>\n<td style=\"width:85px;;text-align: center ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> <em>42.1%<\/em> <\/td>\n<td style=\"width:75.6px;;text-align: center ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> <em>44.0%<\/em> <\/td>\n<\/tr>\n<tr>\n<td style=\"width:302.4px;;border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> \u00a0 <\/td>\n<td style=\"width:72.74px;;border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> \u00a0 <\/td>\n<td style=\"width:85px;;border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> \u00a0 <\/td>\n<td style=\"width:75.6px;;border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> \u00a0 <\/td>\n<\/tr>\n<tr>\n<td style=\"width:302.4px;;border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> <strong>Net profit \u2013 Group share<\/strong> <\/td>\n<td style=\"width:72.74px;;text-align: center ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> <strong>2,368<\/strong> <\/td>\n<td style=\"width:85px;;text-align: center ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> <strong>4,311<\/strong> <\/td>\n<td style=\"width:75.6px;;text-align: center ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> <strong>2,226<\/strong> <\/td>\n<\/tr>\n<tr>\n<td style=\"width:302.4px;;border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> <em>As a % of revenue<\/em> <\/td>\n<td style=\"width:72.74px;;text-align: center ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> <em>31.6%<\/em> <\/td>\n<td style=\"width:85px;;text-align: center ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> <em>32.1%<\/em> <\/td>\n<td style=\"width:75.6px;;text-align: center ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> <em>33.2%<\/em> <\/td>\n<\/tr>\n<tr>\n<td style=\"width:302.4px;;border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> \u00a0 <\/td>\n<td style=\"width:72.74px;;border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> \u00a0 <\/td>\n<td style=\"width:85px;;border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> \u00a0 <\/td>\n<td style=\"width:75.6px;;border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> \u00a0 <\/td>\n<\/tr>\n<tr>\n<td style=\"width:302.4px;;border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> Operating cash flows <\/td>\n<td style=\"width:72.74px;;text-align: center ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> 2,829 <\/td>\n<td style=\"width:85px;;text-align: center ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> 5,123 <\/td>\n<td style=\"width:75.6px;;text-align: center ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> 2,615 <\/td>\n<\/tr>\n<tr>\n<td style=\"width:302.4px;;border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> \u00a0 <\/td>\n<td style=\"width:72.74px;;border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> \u00a0 <\/td>\n<td style=\"width:85px;;border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> \u00a0 <\/td>\n<td style=\"width:75.6px;;border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> \u00a0 <\/td>\n<\/tr>\n<tr>\n<td style=\"width:302.4px;;border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> Operating investments <\/td>\n<td style=\"width:72.74px;;text-align: center ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> 319 <\/td>\n<td style=\"width:85px;;text-align: center ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> 859 <\/td>\n<td style=\"width:75.6px;;text-align: center ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> 249 <\/td>\n<\/tr>\n<tr>\n<td style=\"width:302.4px;;border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> \u00a0 <\/td>\n<td style=\"width:72.74px;;border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> \u00a0 <\/td>\n<td style=\"width:85px;;border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> \u00a0 <\/td>\n<td style=\"width:75.6px;;border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> \u00a0 <\/td>\n<\/tr>\n<tr>\n<td style=\"width:302.4px;;border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> Adjusted free cash flows <sup>(3)<\/sup> <\/td>\n<td style=\"width:72.74px;;text-align: center ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> 1,776 <\/td>\n<td style=\"width:85px;;text-align: center ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> 3,192 <\/td>\n<td style=\"width:75.6px;;text-align: center ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> 1,720 <\/td>\n<\/tr>\n<tr>\n<td style=\"width:302.4px;;border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> \u00a0 <\/td>\n<td style=\"width:72.74px;;border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> \u00a0 <\/td>\n<td style=\"width:85px;;border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> \u00a0 <\/td>\n<td style=\"width:75.6px;;border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> \u00a0 <\/td>\n<\/tr>\n<tr>\n<td style=\"width:302.4px;;border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> Equity \u2013 Group share <\/td>\n<td style=\"width:72.74px;;text-align: center ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> 15,052 <\/td>\n<td style=\"width:85px;;text-align: center ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> 15,201 <\/td>\n<td style=\"width:75.6px;;text-align: center ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> 13,249 <\/td>\n<\/tr>\n<tr>\n<td style=\"width:302.4px;;border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> \u00a0 <\/td>\n<td style=\"width:72.74px;;border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> \u00a0 <\/td>\n<td style=\"width:85px;;border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> \u00a0 <\/td>\n<td style=\"width:75.6px;;border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> \u00a0 <\/td>\n<\/tr>\n<tr>\n<td style=\"width:302.4px;;border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> Net cash position <sup>(4)<\/sup> <\/td>\n<td style=\"width:72.74px;;text-align: center ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> 9,477 <\/td>\n<td style=\"width:85px;;text-align: center ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> 10,625 <\/td>\n<td style=\"width:75.6px;;text-align: center ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> 9,326 <\/td>\n<\/tr>\n<tr>\n<td style=\"width:302.4px;;border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> \u00a0 <\/td>\n<td style=\"width:72.74px;;border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> \u00a0 <\/td>\n<td style=\"width:85px;;border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> \u00a0 <\/td>\n<td style=\"width:75.6px;;border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> \u00a0 <\/td>\n<\/tr>\n<tr>\n<td style=\"width:302.4px;;border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> Restated net cash position <sup>(5)<\/sup> <\/td>\n<td style=\"width:72.74px;;text-align: center ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> 10,033 <\/td>\n<td style=\"width:85px;;text-align: center ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> 11,164 <\/td>\n<td style=\"width:75.6px;;text-align: center ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> 9,848 <\/td>\n<\/tr>\n<tr>\n<td style=\"width:302.4px;;border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> \u00a0 <\/td>\n<td style=\"width:72.74px;;border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> \u00a0 <\/td>\n<td style=\"width:85px;;border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> \u00a0 <\/td>\n<td style=\"width:75.6px;;border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> \u00a0 <\/td>\n<\/tr>\n<tr>\n<td style=\"width:302.4px;;border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> Workforce (number of employees) <sup>(<\/sup><sup>6<\/sup><sup>)<\/sup> <\/td>\n<td style=\"width:72.74px;;text-align: center ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> 23,242 <\/td>\n<td style=\"width:85px;;text-align: center ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> 22,037 <\/td>\n<td style=\"width:75.6px;;text-align: center ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> 20,607 <\/td>\n<\/tr>\n<\/table>\n<p align=\"justify\"><sup>(1)\u00a0\u00a0\u00a0<\/sup><em>Growth at constant exchange rates is calculated by applying, for each currency, the average exchange rates of the previous period to the revenue for the period. <\/em><\/p>\n<p align=\"justify\"><sup>(2)\u00a0\u00a0\u00a0<\/sup><em>Recurring operating income is one of the main performance indicators monitored by Group Management. It corresponds to operating income excluding non\u2011recurring items having a significant impact that may affect understanding of the Group\u2019s economic performance. <\/em><\/p>\n<p align=\"justify\"><sup>(3)\u00a0\u00a0\u00a0<\/sup><em>Adjusted free cash flows are the sum of cash flows related to operating activities, less operating investments and the repayment of lease liabilities recognised in accordance with IFRS 16 (aggregates in the consolidated statement of cash flows).<\/em><\/p>\n<p align=\"justify\"><sup>(4)\u00a0\u00a0\u00a0<\/sup>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<em>Net cash position includes cash and cash equivalents presented under balance sheet assets, less bank overdrafts which appear under short\u2011term borrowings and financial liabilities on the liabilities side. Net cash position does not include lease liabilities recognised in accordance with IFRS 16.<\/em><\/p>\n<p align=\"justify\"><sup>(5)\u00a0\u00a0\u00a0<\/sup>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<em>The restated net cash position corresponds to net cash plus cash investments that do not meet the IFRS criteria for cash equivalents due in particular to their original maturity of more than three months, less borrowings and financial liabilities.<\/em><\/p>\n<p align=\"justify\"><sup>(6)\u00a0\u00a0\u00a0<\/sup><em>The headcount relates to employees on permanent contracts and those on fixed-term contracts lasting more than 9 months<\/em><em>.<\/em><\/p>\n<p align=\"center\"><strong><em>REVENUE BY GEOGRAPHICAL AREA <\/em><\/strong><sup><strong><em>(<\/em><\/strong><\/sup><sup><strong><em>a<\/em><\/strong><\/sup><sup><strong><em>) <\/em><\/strong><\/sup><\/p>\n<table style=\"border-collapse: collapse; margin-left:0; width:467.75pt; border-collapse:collapse ;\">\n<tr>\n<td style=\"width:179.54px;;vertical-align: top ; \"> <strong>\u00a0<\/strong> <\/td>\n<td style=\"width:10.67px;;vertical-align: bottom ; \"> \u00a0 <\/td>\n<td colspan=\"2\" style=\"width:197.27px;;text-align: center ;  vertical-align: middle; vertical-align: middle ; \"> <strong>First half<\/strong> <\/td>\n<td colspan=\"2\" style=\"width:236.2px;;text-align: center ;  vertical-align: middle; vertical-align: middle ; \"> <strong>Evolution \/2023<\/strong> <\/td>\n<\/tr>\n<tr>\n<td style=\"width:179.54px;;vertical-align: bottom ; \"> <em>In millions of Euros<\/em> <\/td>\n<td style=\"width:10.67px;;vertical-align: bottom ; \"> \u00a0 <\/td>\n<td style=\"width:93.27px;;text-align: right ;  vertical-align: middle; vertical-align: bottom ; \"> <strong>2024<\/strong> <\/td>\n<td style=\"width:104px;;text-align: right ;  vertical-align: middle; vertical-align: bottom ; \"> <strong>2023<\/strong> <\/td>\n<td style=\"width:113.4px;;text-align: right ;  vertical-align: middle; vertical-align: bottom ; \"> <strong>Published<\/strong> <\/td>\n<td style=\"width:122.8px;;text-align: right ;  vertical-align: middle; vertical-align: bottom ; \"> <strong>At constant exchange rates<\/strong> <\/td>\n<\/tr>\n<tr>\n<td style=\"width:179.54px;;vertical-align: middle ; \"> France <\/td>\n<td style=\"width:10.67px;;vertical-align: middle ; \"> \u00a0 <\/td>\n<td style=\"width:93.27px;;text-align: right ;  vertical-align: middle; vertical-align: middle ; \"> 680 <\/td>\n<td style=\"width:104px;;text-align: right ;  vertical-align: middle; vertical-align: middle ; \"> 593 <\/td>\n<td style=\"width:113.4px;;text-align: right ;  vertical-align: middle; vertical-align: top ; \"> 14.7% <\/td>\n<td style=\"width:122.8px;;text-align: right ;  vertical-align: middle; vertical-align: top ; \"> 14.7% <\/td>\n<\/tr>\n<tr>\n<td style=\"width:179.54px;;vertical-align: middle ; \"> Europe (excl. France) <\/td>\n<td style=\"width:10.67px;;vertical-align: middle ; \"> \u00a0 <\/td>\n<td style=\"width:93.27px;;text-align: right ;  vertical-align: middle; vertical-align: middle ; \"> 970 <\/td>\n<td style=\"width:104px;;text-align: right ;  vertical-align: middle; vertical-align: middle ; \"> 836 <\/td>\n<td style=\"width:113.4px;;text-align: right ;  vertical-align: middle; vertical-align: top ; \"> 16.1% <\/td>\n<td style=\"width:122.8px;;text-align: right ;  vertical-align: middle; vertical-align: top ; \"> 17.7% <\/td>\n<\/tr>\n<tr>\n<td style=\"width:179.54px;;vertical-align: middle ; \"> <strong><em>Total Europe<\/em><\/strong> <\/td>\n<td style=\"width:10.67px;;vertical-align: middle ; \"> \u00a0 <\/td>\n<td style=\"width:93.27px;;text-align: right ;  vertical-align: middle; vertical-align: middle ; \"> <strong><em>1,651<\/em><\/strong> <\/td>\n<td style=\"width:104px;;text-align: right ;  vertical-align: middle; vertical-align: middle ; \"> <strong><em>1,428<\/em><\/strong> <\/td>\n<td style=\"width:113.4px;;text-align: right ;  vertical-align: middle; vertical-align: top ; \"> <strong>15.6%<\/strong> <\/td>\n<td style=\"width:122.8px;;text-align: right ;  vertical-align: middle; vertical-align: top ; \"> <strong>16.4%<\/strong> <\/td>\n<\/tr>\n<tr>\n<td style=\"width:179.54px;;vertical-align: middle ; \"> Japan <\/td>\n<td style=\"width:10.67px;;vertical-align: middle ; \"> \u00a0 <\/td>\n<td style=\"width:93.27px;;text-align: right ;  vertical-align: middle; vertical-align: middle ; \"> 693 <\/td>\n<td style=\"width:104px;;text-align: right ;  vertical-align: middle; vertical-align: middle ; \"> 636 <\/td>\n<td style=\"width:113.4px;;text-align: right ;  vertical-align: middle; vertical-align: top ; \"> 9.0% <\/td>\n<td style=\"width:122.8px;;text-align: right ;  vertical-align: middle; vertical-align: top ; \"> 22.4% <\/td>\n<\/tr>\n<tr>\n<td style=\"width:179.54px;;vertical-align: middle ; \"> Asia-Pacific (excl. Japan) <\/td>\n<td style=\"width:10.67px;;vertical-align: middle ; \"> \u00a0 <\/td>\n<td style=\"width:93.27px;;text-align: right ;  vertical-align: middle; vertical-align: middle ; \"> 3,521 <\/td>\n<td style=\"width:104px;;text-align: right ;  vertical-align: middle; vertical-align: middle ; \"> 3,297 <\/td>\n<td style=\"width:113.4px;;text-align: right ;  vertical-align: middle; vertical-align: top ; \"> 6.8% <\/td>\n<td style=\"width:122.8px;;text-align: right ;  vertical-align: middle; vertical-align: top ; \"> 9.9% <\/td>\n<\/tr>\n<tr>\n<td style=\"width:179.54px;;vertical-align: middle ; \"> <strong><em>Total Asia<\/em><\/strong> <\/td>\n<td style=\"width:10.67px;;vertical-align: middle ; \"> \u00a0 <\/td>\n<td style=\"width:93.27px;;text-align: right ;  vertical-align: middle; vertical-align: middle ; \"> <strong><em>4,213<\/em><\/strong> <\/td>\n<td style=\"width:104px;;text-align: right ;  vertical-align: middle; vertical-align: middle ; \"> <strong><em>3,932<\/em><\/strong> <\/td>\n<td style=\"width:113.4px;;text-align: right ;  vertical-align: middle; vertical-align: top ; \"> <strong>7.1%<\/strong> <\/td>\n<td style=\"width:122.8px;;text-align: right ;  vertical-align: middle; vertical-align: top ; \"> <strong>11.9%<\/strong> <\/td>\n<\/tr>\n<tr>\n<td style=\"width:179.54px;;vertical-align: middle ; \"> Americas <\/td>\n<td style=\"width:10.67px;;vertical-align: middle ; \"> \u00a0 <\/td>\n<td style=\"width:93.27px;;text-align: right ;  vertical-align: middle; vertical-align: middle ; \"> 1,329 <\/td>\n<td style=\"width:104px;;text-align: right ;  vertical-align: middle; vertical-align: middle ; \"> 1,185 <\/td>\n<td style=\"width:113.4px;;text-align: right ;  vertical-align: middle; vertical-align: top ; \"> 12.1% <\/td>\n<td style=\"width:122.8px;;text-align: right ;  vertical-align: middle; vertical-align: top ; \"> 12.6% <\/td>\n<\/tr>\n<tr>\n<td style=\"width:179.54px;;vertical-align: middle ; \"> Other (Middle East) <\/td>\n<td style=\"width:10.67px;;vertical-align: middle ; \"> \u00a0 <\/td>\n<td style=\"width:93.27px;;text-align: right ;  vertical-align: middle; vertical-align: middle ; \"> 311 <\/td>\n<td style=\"width:104px;;text-align: right ;  vertical-align: middle; vertical-align: middle ; \"> 151 <\/td>\n<td style=\"width:113.4px;;text-align: right ;  vertical-align: middle; vertical-align: top ; \"> 105.4% <\/td>\n<td style=\"width:122.8px;;text-align: right ;  vertical-align: middle; vertical-align: top ; \"> 105.3% <\/td>\n<\/tr>\n<tr>\n<td style=\"width:179.54px;;vertical-align: middle ; \"> <strong>TOTAL<\/strong> <\/td>\n<td style=\"width:10.67px;;vertical-align: middle ; \"> \u00a0 <\/td>\n<td style=\"width:93.27px;;text-align: right ;  vertical-align: middle; vertical-align: middle ; \"> <strong>7,504<\/strong> <\/td>\n<td style=\"width:104px;;text-align: right ;  vertical-align: middle; vertical-align: middle ; \"> <strong>6,698<\/strong> <\/td>\n<td style=\"width:113.4px;;text-align: right ;  vertical-align: middle; vertical-align: top ; \"> <strong>12.0%<\/strong> <\/td>\n<td style=\"width:122.8px;;text-align: right ;  vertical-align: middle; vertical-align: top ; \"> <strong>15.1%<\/strong> <\/td>\n<\/tr>\n<\/table>\n<p>   <\/p>\n<table style=\"border-collapse: collapse; margin-left:0; width:467.75pt; border-collapse:collapse ;\">\n<tr>\n<td style=\"width:179.54px;;vertical-align: top ; \"> <strong>\u00a0<\/strong> <\/td>\n<td style=\"width:10.67px;;vertical-align: bottom ; \"> \u00a0 <\/td>\n<td colspan=\"2\" style=\"width:197.27px;;text-align: center ;  vertical-align: middle; vertical-align: middle ; \"> <strong>2<\/strong><sup><strong>nd<\/strong><\/sup><strong> quarter<\/strong> <\/td>\n<td colspan=\"2\" style=\"width:236.2px;;text-align: center ;  vertical-align: middle; vertical-align: middle ; \"> <strong>Evolution \/2023<\/strong> <\/td>\n<\/tr>\n<tr>\n<td style=\"width:179.54px;;vertical-align: bottom ; \"> <em>In millions of Euros<\/em> <\/td>\n<td style=\"width:10.67px;;vertical-align: bottom ; \"> \u00a0 <\/td>\n<td style=\"width:93.27px;;text-align: right ;  vertical-align: middle; vertical-align: bottom ; \"> <strong>2024<\/strong> <\/td>\n<td style=\"width:104px;;text-align: right ;  vertical-align: middle; vertical-align: bottom ; \"> <strong>2023<\/strong> <\/td>\n<td style=\"width:113.4px;;text-align: right ;  vertical-align: middle; vertical-align: bottom ; \"> <strong>Published<\/strong> <\/td>\n<td style=\"width:122.8px;;text-align: right ;  vertical-align: middle; vertical-align: bottom ; \"> <strong>At constant exchange rates<\/strong> <\/td>\n<\/tr>\n<tr>\n<td style=\"width:179.54px;;vertical-align: middle ; \"> France <\/td>\n<td style=\"width:10.67px;;vertical-align: middle ; \"> \u00a0 <\/td>\n<td style=\"width:93.27px;;text-align: right ;  vertical-align: middle; vertical-align: middle ; \"> 368 <\/td>\n<td style=\"width:104px;;text-align: right ;  vertical-align: middle; vertical-align: middle ; \"> 320 <\/td>\n<td style=\"width:113.4px;;text-align: right ;  vertical-align: middle; vertical-align: top ; \"> 15.1% <\/td>\n<td style=\"width:122.8px;;text-align: right ;  vertical-align: middle; vertical-align: top ; \"> 15.1% <\/td>\n<\/tr>\n<tr>\n<td style=\"width:179.54px;;vertical-align: middle ; \"> Europe (excl. France) <\/td>\n<td style=\"width:10.67px;;vertical-align: middle ; \"> \u00a0 <\/td>\n<td style=\"width:93.27px;;text-align: right ;  vertical-align: middle; vertical-align: middle ; \"> 526 <\/td>\n<td style=\"width:104px;;text-align: right ;  vertical-align: middle; vertical-align: middle ; \"> 444 <\/td>\n<td style=\"width:113.4px;;text-align: right ;  vertical-align: middle; vertical-align: top ; \"> 18.4% <\/td>\n<td style=\"width:122.8px;;text-align: right ;  vertical-align: middle; vertical-align: top ; \"> 20.5% <\/td>\n<\/tr>\n<tr>\n<td style=\"width:179.54px;;vertical-align: middle ; \"> <strong><em>Total Europe<\/em><\/strong> <\/td>\n<td style=\"width:10.67px;;vertical-align: middle ; \"> \u00a0 <\/td>\n<td style=\"width:93.27px;;text-align: right ;  vertical-align: middle; vertical-align: middle ; \"> <strong><em>894<\/em><\/strong> <\/td>\n<td style=\"width:104px;;text-align: right ;  vertical-align: middle; vertical-align: middle ; \"> <strong><em>764<\/em><\/strong> <\/td>\n<td style=\"width:113.4px;;text-align: right ;  vertical-align: middle; vertical-align: top ; \"> <strong>17.0%<\/strong> <\/td>\n<td style=\"width:122.8px;;text-align: right ;  vertical-align: middle; vertical-align: top ; \"> <strong>18.2%<\/strong> <\/td>\n<\/tr>\n<tr>\n<td style=\"width:179.54px;;vertical-align: middle ; \"> Japan <\/td>\n<td style=\"width:10.67px;;vertical-align: middle ; \"> \u00a0 <\/td>\n<td style=\"width:93.27px;;text-align: right ;  vertical-align: middle; vertical-align: middle ; \"> 336 <\/td>\n<td style=\"width:104px;;text-align: right ;  vertical-align: middle; vertical-align: middle ; \"> 314 <\/td>\n<td style=\"width:113.4px;;text-align: right ;  vertical-align: middle; vertical-align: top ; \"> 7.0% <\/td>\n<td style=\"width:122.8px;;text-align: right ;  vertical-align: middle; vertical-align: top ; \"> 19.5% <\/td>\n<\/tr>\n<tr>\n<td style=\"width:179.54px;;vertical-align: middle ; \"> Asia-Pacific (excl. Japan) <\/td>\n<td style=\"width:10.67px;;vertical-align: middle ; \"> \u00a0 <\/td>\n<td style=\"width:93.27px;;text-align: right ;  vertical-align: middle; vertical-align: middle ; \"> 1,601 <\/td>\n<td style=\"width:104px;;text-align: right ;  vertical-align: middle; vertical-align: middle ; \"> 1,534 <\/td>\n<td style=\"width:113.4px;;text-align: right ;  vertical-align: middle; vertical-align: top ; \"> 4.4% <\/td>\n<td style=\"width:122.8px;;text-align: right ;  vertical-align: middle; vertical-align: top ; \"> 5.5% <\/td>\n<\/tr>\n<tr>\n<td style=\"width:179.54px;;vertical-align: middle ; \"> <strong><em>Total Asia<\/em><\/strong> <\/td>\n<td style=\"width:10.67px;;vertical-align: middle ; \"> \u00a0 <\/td>\n<td style=\"width:93.27px;;text-align: right ;  vertical-align: middle; vertical-align: middle ; \"> <strong><em>1,937<\/em><\/strong> <\/td>\n<td style=\"width:104px;;text-align: right ;  vertical-align: middle; vertical-align: middle ; \"> <strong><em>1,848<\/em><\/strong> <\/td>\n<td style=\"width:113.4px;;text-align: right ;  vertical-align: middle; vertical-align: top ; \"> <strong>4.8%<\/strong> <\/td>\n<td style=\"width:122.8px;;text-align: right ;  vertical-align: middle; vertical-align: top ; \"> <strong>7.9%<\/strong> <\/td>\n<\/tr>\n<tr>\n<td style=\"width:179.54px;;vertical-align: middle ; \"> Americas <\/td>\n<td style=\"width:10.67px;;vertical-align: middle ; \"> \u00a0 <\/td>\n<td style=\"width:93.27px;;text-align: right ;  vertical-align: middle; vertical-align: middle ; \"> 715 <\/td>\n<td style=\"width:104px;;text-align: right ;  vertical-align: middle; vertical-align: middle ; \"> 629 <\/td>\n<td style=\"width:113.4px;;text-align: right ;  vertical-align: middle; vertical-align: top ; \"> 13.7% <\/td>\n<td style=\"width:122.8px;;text-align: right ;  vertical-align: middle; vertical-align: top ; \"> 13.3% <\/td>\n<\/tr>\n<tr>\n<td style=\"width:179.54px;;vertical-align: middle ; \"> Other (Middle East) <\/td>\n<td style=\"width:10.67px;;vertical-align: middle ; \"> \u00a0 <\/td>\n<td style=\"width:93.27px;;text-align: right ;  vertical-align: middle; vertical-align: middle ; \"> 153 <\/td>\n<td style=\"width:104px;;text-align: right ;  vertical-align: middle; vertical-align: middle ; \"> 77 <\/td>\n<td style=\"width:113.4px;;text-align: right ;  vertical-align: middle; vertical-align: top ; \"> 100.0% <\/td>\n<td style=\"width:122.8px;;text-align: right ;  vertical-align: middle; vertical-align: top ; \"> 99.4% <\/td>\n<\/tr>\n<tr>\n<td style=\"width:179.54px;;vertical-align: middle ; \"> <strong>TOTAL<\/strong> <\/td>\n<td style=\"width:10.67px;;vertical-align: middle ; \"> \u00a0 <\/td>\n<td style=\"width:93.27px;;text-align: right ;  vertical-align: middle; vertical-align: middle ; \"> <strong>3,699<\/strong> <\/td>\n<td style=\"width:104px;;text-align: right ;  vertical-align: middle; vertical-align: middle ; \"> <strong>3,317<\/strong> <\/td>\n<td style=\"width:113.4px;;text-align: right ;  vertical-align: middle; vertical-align: top ; \"> <strong>11.5%<\/strong> <\/td>\n<td style=\"width:122.8px;;text-align: right ;  vertical-align: middle; vertical-align: top ; \"> <strong>13.3%<\/strong> <\/td>\n<\/tr>\n<\/table>\n<p><sup>(a)<\/sup> Sales by destination.<\/p>\n<p align=\"center\"><strong><em>REVENUE BY SECTOR<\/em><\/strong><\/p>\n<table style=\"border-collapse: collapse; margin-left:0; width:481.95pt; border-collapse:collapse ;\">\n<tr>\n<td style=\"width:198.47px;;vertical-align: top ; \"> <strong>\u00a0<\/strong> <\/td>\n<td style=\"width:10.67px;;vertical-align: bottom ; \"> \u00a0 <\/td>\n<td colspan=\"2\" style=\"width:197.27px;;text-align: center ;  vertical-align: middle; vertical-align: middle ; \"> <strong>First half<\/strong> <\/td>\n<td colspan=\"2\" style=\"width:236.2px;;text-align: center ;  vertical-align: middle; vertical-align: middle ; \"> <strong>Evolution \/2023<\/strong> <\/td>\n<\/tr>\n<tr>\n<td style=\"width:198.47px;;vertical-align: bottom ; \"> <em>In millions of Euros<\/em> <\/td>\n<td style=\"width:10.67px;;vertical-align: bottom ; \"> \u00a0 <\/td>\n<td style=\"width:93.27px;;text-align: right ;  vertical-align: middle; vertical-align: bottom ; \"> <strong>2024<\/strong> <\/td>\n<td style=\"width:104px;;text-align: right ;  vertical-align: middle; vertical-align: bottom ; \"> <strong>2023<\/strong> <\/td>\n<td style=\"width:113.4px;;text-align: right ;  vertical-align: middle; vertical-align: bottom ; \"> <strong>Published<\/strong> <\/td>\n<td style=\"width:122.8px;;text-align: right ;  vertical-align: middle; vertical-align: bottom ; \"> <strong>At constant exchange rates<\/strong> <\/td>\n<\/tr>\n<tr>\n<td style=\"width:198.47px;;vertical-align: middle ; \"> Leather Goods and Saddlery <sup>(1)<\/sup> <\/td>\n<td style=\"width:10.67px;;vertical-align: middle ; \"> \u00a0 <\/td>\n<td style=\"width:93.27px;;text-align: right ;  vertical-align: middle; vertical-align: middle ; \"> 3,215 <\/td>\n<td style=\"width:104px;;text-align: right ;  vertical-align: middle; vertical-align: middle ; \"> 2,780 <\/td>\n<td style=\"width:113.4px;;text-align: right ;  vertical-align: middle; vertical-align: top ; \"> 15.7% <\/td>\n<td style=\"width:122.8px;;text-align: right ;  vertical-align: middle; vertical-align: top ; \"> 19.1% <\/td>\n<\/tr>\n<tr>\n<td style=\"width:198.47px;;vertical-align: middle ; \"> Ready-to-wear and Accessories <sup>(2)<\/sup> <\/td>\n<td style=\"width:10.67px;;vertical-align: middle ; \"> \u00a0 <\/td>\n<td style=\"width:93.27px;;text-align: right ;  vertical-align: middle; vertical-align: middle ; \"> 2,162 <\/td>\n<td style=\"width:104px;;text-align: right ;  vertical-align: middle; vertical-align: middle ; \"> 1,922 <\/td>\n<td style=\"width:113.4px;;text-align: right ;  vertical-align: middle; vertical-align: top ; \"> 12.5% <\/td>\n<td style=\"width:122.8px;;text-align: right ;  vertical-align: middle; vertical-align: top ; \"> 15.5% <\/td>\n<\/tr>\n<tr>\n<td style=\"width:198.47px;;vertical-align: middle ; \"> Silk and Textiles <\/td>\n<td style=\"width:10.67px;;vertical-align: middle ; \"> \u00a0 <\/td>\n<td style=\"width:93.27px;;text-align: right ;  vertical-align: middle; vertical-align: middle ; \"> 436 <\/td>\n<td style=\"width:104px;;text-align: right ;  vertical-align: middle; vertical-align: middle ; \"> 444 <\/td>\n<td style=\"width:113.4px;;text-align: right ;  vertical-align: middle; vertical-align: top ; \"> (1.7)% <\/td>\n<td style=\"width:122.8px;;text-align: right ;  vertical-align: middle; vertical-align: top ; \"> 1.5% <\/td>\n<\/tr>\n<tr>\n<td style=\"width:198.47px;;vertical-align: middle ; \"> Other Herm\u00e8s sectors <sup>(3)<\/sup> <\/td>\n<td style=\"width:10.67px;;vertical-align: middle ; \"> \u00a0 <\/td>\n<td style=\"width:93.27px;;text-align: right ;  vertical-align: middle; vertical-align: middle ; \"> 967 <\/td>\n<td style=\"width:104px;;text-align: right ;  vertical-align: middle; vertical-align: middle ; \"> 836 <\/td>\n<td style=\"width:113.4px;;text-align: right ;  vertical-align: middle; vertical-align: top ; \"> 15.7% <\/td>\n<td style=\"width:122.8px;;text-align: right ;  vertical-align: middle; vertical-align: top ; \"> 18.7% <\/td>\n<\/tr>\n<tr>\n<td style=\"width:198.47px;;vertical-align: middle ; \"> Perfume and Beauty <\/td>\n<td style=\"width:10.67px;;vertical-align: middle ; \"> \u00a0 <\/td>\n<td style=\"width:93.27px;;text-align: right ;  vertical-align: middle; vertical-align: middle ; \"> 259 <\/td>\n<td style=\"width:104px;;text-align: right ;  vertical-align: middle; vertical-align: middle ; \"> 249 <\/td>\n<td style=\"width:113.4px;;text-align: right ;  vertical-align: middle; vertical-align: top ; \"> 3.9% <\/td>\n<td style=\"width:122.8px;;text-align: right ;  vertical-align: middle; vertical-align: top ; \"> 4.9% <\/td>\n<\/tr>\n<tr>\n<td style=\"width:198.47px;;vertical-align: middle ; \"> Watches <\/td>\n<td style=\"width:10.67px;;vertical-align: middle ; \"> \u00a0 <\/td>\n<td style=\"width:93.27px;;text-align: right ;  vertical-align: middle; vertical-align: middle ; \"> 308 <\/td>\n<td style=\"width:104px;;text-align: right ;  vertical-align: middle; vertical-align: middle ; \"> 317 <\/td>\n<td style=\"width:113.4px;;text-align: right ;  vertical-align: middle; vertical-align: top ; \"> (2.9)% <\/td>\n<td style=\"width:122.8px;;text-align: right ;  vertical-align: middle; vertical-align: top ; \"> (0.2)% <\/td>\n<\/tr>\n<tr>\n<td style=\"width:198.47px;;vertical-align: middle ; \"> Other products <sup>(4)<\/sup> <\/td>\n<td style=\"width:10.67px;;vertical-align: middle ; \"> \u00a0 <\/td>\n<td style=\"width:93.27px;;text-align: right ;  vertical-align: middle; vertical-align: middle ; \"> 157 <\/td>\n<td style=\"width:104px;;text-align: right ;  vertical-align: middle; vertical-align: middle ; \"> 150 <\/td>\n<td style=\"width:113.4px;;text-align: right ;  vertical-align: middle; vertical-align: top ; \"> 4.9% <\/td>\n<td style=\"width:122.8px;;text-align: right ;  vertical-align: middle; vertical-align: top ; \"> 6.6% <\/td>\n<\/tr>\n<tr>\n<td style=\"width:198.47px;;vertical-align: middle ; \"> <strong>TOTAL<\/strong> <\/td>\n<td style=\"width:10.67px;;vertical-align: middle ; \"> \u00a0 <\/td>\n<td style=\"width:93.27px;;text-align: right ;  vertical-align: middle; vertical-align: middle ; \"> <strong>7,504<\/strong> <\/td>\n<td style=\"width:104px;;text-align: right ;  vertical-align: middle; vertical-align: middle ; \"> <strong>6,698<\/strong> <\/td>\n<td style=\"width:113.4px;;text-align: right ;  vertical-align: middle; vertical-align: top ; \"> <strong>12.0%<\/strong> <\/td>\n<td style=\"width:122.8px;;text-align: right ;  vertical-align: middle; vertical-align: top ; \"> <strong>15.1%<\/strong> <\/td>\n<\/tr>\n<\/table>\n<p>   <\/p>\n<table style=\"border-collapse: collapse; margin-left:0; width:481.95pt; border-collapse:collapse ;\">\n<tr>\n<td style=\"width:198.47px;;vertical-align: top ; \"> <strong>\u00a0<\/strong> <\/td>\n<td style=\"width:10.67px;;vertical-align: bottom ; \"> \u00a0 <\/td>\n<td colspan=\"2\" style=\"width:197.27px;;text-align: center ;  vertical-align: middle; vertical-align: middle ; \"> <strong>2<\/strong><sup><strong>nd<\/strong><\/sup><strong> quarter<\/strong> <\/td>\n<td colspan=\"2\" style=\"width:236.2px;;text-align: center ;  vertical-align: middle; vertical-align: middle ; \"> <strong>Evolution \/2023<\/strong> <\/td>\n<\/tr>\n<tr>\n<td style=\"width:198.47px;;vertical-align: bottom ; \"> <em>In millions of Euros<\/em> <\/td>\n<td style=\"width:10.67px;;vertical-align: bottom ; \"> \u00a0 <\/td>\n<td style=\"width:93.27px;;text-align: right ;  vertical-align: middle; vertical-align: bottom ; \"> <strong>2024<\/strong> <\/td>\n<td style=\"width:104px;;text-align: right ;  vertical-align: middle; vertical-align: bottom ; \"> <strong>2023<\/strong> <\/td>\n<td style=\"width:113.4px;;text-align: right ;  vertical-align: middle; vertical-align: bottom ; \"> <strong>Published<\/strong> <\/td>\n<td style=\"width:122.8px;;text-align: right ;  vertical-align: middle; vertical-align: bottom ; \"> <strong>At constant exchange rates<\/strong> <\/td>\n<\/tr>\n<tr>\n<td style=\"width:198.47px;;vertical-align: middle ; \"> Leather Goods and Saddlery <sup>(1)<\/sup> <\/td>\n<td style=\"width:10.67px;;vertical-align: middle ; \"> \u00a0 <\/td>\n<td style=\"width:93.27px;;text-align: right ;  vertical-align: middle; vertical-align: middle ; \"> 1,587 <\/td>\n<td style=\"width:104px;;text-align: right ;  vertical-align: middle; vertical-align: middle ; \"> 1,371 <\/td>\n<td style=\"width:113.4px;;text-align: right ;  vertical-align: middle; vertical-align: top ; \"> 15.8% <\/td>\n<td style=\"width:122.8px;;text-align: right ;  vertical-align: middle; vertical-align: top ; \"> 17.9% <\/td>\n<\/tr>\n<tr>\n<td style=\"width:198.47px;;vertical-align: middle ; \"> Ready-to-wear and Accessories <sup>(2)<\/sup> <\/td>\n<td style=\"width:10.67px;;vertical-align: middle ; \"> \u00a0 <\/td>\n<td style=\"width:93.27px;;text-align: right ;  vertical-align: middle; vertical-align: middle ; \"> 1,101 <\/td>\n<td style=\"width:104px;;text-align: right ;  vertical-align: middle; vertical-align: middle ; \"> 972 <\/td>\n<td style=\"width:113.4px;;text-align: right ;  vertical-align: middle; vertical-align: top ; \"> 13.3% <\/td>\n<td style=\"width:122.8px;;text-align: right ;  vertical-align: middle; vertical-align: top ; \"> 15.1% <\/td>\n<\/tr>\n<tr>\n<td style=\"width:198.47px;;vertical-align: middle ; \"> Silk and Textiles <\/td>\n<td style=\"width:10.67px;;vertical-align: middle ; \"> \u00a0 <\/td>\n<td style=\"width:93.27px;;text-align: right ;  vertical-align: middle; vertical-align: middle ; \"> 194 <\/td>\n<td style=\"width:104px;;text-align: right ;  vertical-align: middle; vertical-align: middle ; \"> 209 <\/td>\n<td style=\"width:113.4px;;text-align: right ;  vertical-align: middle; vertical-align: top ; \"> (7.3)% <\/td>\n<td style=\"width:122.8px;;text-align: right ;  vertical-align: middle; vertical-align: top ; \"> (5.6)% <\/td>\n<\/tr>\n<tr>\n<td style=\"width:198.47px;;vertical-align: middle ; \"> Other Herm\u00e8s sectors <sup>(3)<\/sup> <\/td>\n<td style=\"width:10.67px;;vertical-align: middle ; \"> \u00a0 <\/td>\n<td style=\"width:93.27px;;text-align: right ;  vertical-align: middle; vertical-align: middle ; \"> 462 <\/td>\n<td style=\"width:104px;;text-align: right ;  vertical-align: middle; vertical-align: middle ; \"> 415 <\/td>\n<td style=\"width:113.4px;;text-align: right ;  vertical-align: middle; vertical-align: top ; \"> 11.3% <\/td>\n<td style=\"width:122.8px;;text-align: right ;  vertical-align: middle; vertical-align: top ; \"> 13.0% <\/td>\n<\/tr>\n<tr>\n<td style=\"width:198.47px;;vertical-align: middle ; \"> Perfume and Beauty <\/td>\n<td style=\"width:10.67px;;vertical-align: middle ; \"> \u00a0 <\/td>\n<td style=\"width:93.27px;;text-align: right ;  vertical-align: middle; vertical-align: middle ; \"> 129 <\/td>\n<td style=\"width:104px;;text-align: right ;  vertical-align: middle; vertical-align: middle ; \"> 123 <\/td>\n<td style=\"width:113.4px;;text-align: right ;  vertical-align: middle; vertical-align: top ; \"> 4.8% <\/td>\n<td style=\"width:122.8px;;text-align: right ;  vertical-align: middle; vertical-align: top ; \"> 5.6% <\/td>\n<\/tr>\n<tr>\n<td style=\"width:198.47px;;vertical-align: middle ; \"> Watches <\/td>\n<td style=\"width:10.67px;;vertical-align: middle ; \"> \u00a0 <\/td>\n<td style=\"width:93.27px;;text-align: right ;  vertical-align: middle; vertical-align: middle ; \"> 142 <\/td>\n<td style=\"width:104px;;text-align: right ;  vertical-align: middle; vertical-align: middle ; \"> 152 <\/td>\n<td style=\"width:113.4px;;text-align: right ;  vertical-align: middle; vertical-align: top ; \"> (6.2)% <\/td>\n<td style=\"width:122.8px;;text-align: right ;  vertical-align: middle; vertical-align: top ; \"> (4.9)% <\/td>\n<\/tr>\n<tr>\n<td style=\"width:198.47px;;vertical-align: middle ; \"> Other products <sup>(4)<\/sup> <\/td>\n<td style=\"width:10.67px;;vertical-align: middle ; \"> \u00a0 <\/td>\n<td style=\"width:93.27px;;text-align: right ;  vertical-align: middle; vertical-align: middle ; \"> 83 <\/td>\n<td style=\"width:104px;;text-align: right ;  vertical-align: middle; vertical-align: middle ; \"> 75 <\/td>\n<td style=\"width:113.4px;;text-align: right ;  vertical-align: middle; vertical-align: top ; \"> 10.6% <\/td>\n<td style=\"width:122.8px;;text-align: right ;  vertical-align: middle; vertical-align: top ; \"> 11.8% <\/td>\n<\/tr>\n<tr>\n<td style=\"width:198.47px;;vertical-align: middle ; \"> <strong>TOTAL<\/strong> <\/td>\n<td style=\"width:10.67px;;vertical-align: middle ; \"> \u00a0 <\/td>\n<td style=\"width:93.27px;;text-align: right ;  vertical-align: middle; vertical-align: middle ; \"> <strong>3,699<\/strong> <\/td>\n<td style=\"width:104px;;text-align: right ;  vertical-align: middle; vertical-align: middle ; \"> <strong>3,317<\/strong> <\/td>\n<td style=\"width:113.4px;;text-align: right ;  vertical-align: middle; vertical-align: top ; \"> <strong>11.5%<\/strong> <\/td>\n<td style=\"width:122.8px;;text-align: right ;  vertical-align: middle; vertical-align: top ; \"> <strong>13.3%<\/strong> <\/td>\n<\/tr>\n<\/table>\n<p align=\"justify\"><sup>(1)<\/sup> The \u201cLeather Goods and Saddlery\u201d business line includes women&#8217;s and men&#8217;s bags, travel items, small leather goods and accessories, saddles, bridles and all equestrian objects and clothing.<br \/><sup>(2)<\/sup> The \u201cReady-to-wear and Accessories\u201d business line includes Herm\u00e8s Ready-to-wear for men and women, belts, costume jewellery, gloves, hats and shoes.<br \/><sup>(3)<\/sup> The \u201cOther Herm\u00e8s business lines\u201d include Jewellery and Herm\u00e8s home products (Art of Living and Herm\u00e8s Tableware).<br \/><sup>(4)<\/sup> The \u201cOther products\u201d include the production activities carried out on behalf of non-group brands (textile printing, tanning\u2026), as well as John Lobb, Saint-Louis and Puiforcat.<\/p>\n<p align=\"center\"><strong><em>REMINDER \u2013 1<\/em><\/strong><sup><strong><em>ST<\/em><\/strong><\/sup><strong><em> QUARTER 2024<\/em><\/strong><\/p>\n<p align=\"center\"><strong>REVENUE BY GEOGRAPHICAL ZONE <\/strong><sup>(<\/sup><sup>a<\/sup><sup>) <\/sup><\/p>\n<table style=\"border-collapse: collapse; margin-left:0; width:481.95pt; border-collapse:collapse ;\">\n<tr>\n<td style=\"width:194.87px;;vertical-align: top ; \"> <strong>\u00a0<\/strong> <\/td>\n<td style=\"width:10.94px;;vertical-align: bottom ; \"> \u00a0 <\/td>\n<td colspan=\"2\" style=\"width:193.4px;;text-align: center ;  vertical-align: middle; vertical-align: middle ; \"> <strong>1<\/strong><sup><strong>st<\/strong><\/sup><strong> quarter<\/strong> <\/td>\n<td colspan=\"2\" style=\"width:243.4px;;text-align: center ;  vertical-align: middle; vertical-align: middle ; \"> <strong>Evolution \/2023<\/strong> <\/td>\n<\/tr>\n<tr>\n<td style=\"width:194.87px;;vertical-align: bottom ; \"> <em>In millions of Euros<\/em> <\/td>\n<td style=\"width:10.94px;;vertical-align: bottom ; \"> \u00a0 <\/td>\n<td style=\"width:91.6px;;text-align: right ;  vertical-align: middle; vertical-align: bottom ; \"> <strong>2024<\/strong> <\/td>\n<td style=\"width:101.8px;;text-align: right ;  vertical-align: middle; vertical-align: bottom ; \"> <strong>2023<\/strong> <\/td>\n<td style=\"width:116.87px;;text-align: right ;  vertical-align: middle; vertical-align: bottom ; \"> <strong>Published<\/strong> <\/td>\n<td style=\"width:126.54px;;text-align: right ;  vertical-align: middle; vertical-align: bottom ; \"> <strong>At constant exchange rates<\/strong> <\/td>\n<\/tr>\n<tr>\n<td style=\"width:194.87px;;vertical-align: middle ; \"> France <\/td>\n<td style=\"width:10.94px;;vertical-align: middle ; \"> \u00a0 <\/td>\n<td style=\"width:91.6px;;text-align: right ;  vertical-align: middle; vertical-align: middle ; \"> 312 <\/td>\n<td style=\"width:101.8px;;text-align: right ;  vertical-align: middle; vertical-align: middle ; \"> 273 <\/td>\n<td style=\"width:116.87px;;text-align: right ;  vertical-align: middle; vertical-align: middle ; \"> 14.3% <\/td>\n<td style=\"width:126.54px;;text-align: right ;  vertical-align: middle; vertical-align: middle ; \"> 14.3% <\/td>\n<\/tr>\n<tr>\n<td style=\"width:194.87px;;vertical-align: middle ; \"> Europe (excl. France) <\/td>\n<td style=\"width:10.94px;;vertical-align: middle ; \"> \u00a0 <\/td>\n<td style=\"width:91.6px;;text-align: right ;  vertical-align: middle; vertical-align: middle ; \"> 444 <\/td>\n<td style=\"width:101.8px;;text-align: right ;  vertical-align: middle; vertical-align: middle ; \"> 391 <\/td>\n<td style=\"width:116.87px;;text-align: right ;  vertical-align: middle; vertical-align: middle ; \"> 13.5% <\/td>\n<td style=\"width:126.54px;;text-align: right ;  vertical-align: middle; vertical-align: middle ; \"> 14.6% <\/td>\n<\/tr>\n<tr>\n<td style=\"width:194.87px;;vertical-align: middle ; \"> <strong><em>Total Europe<\/em><\/strong> <\/td>\n<td style=\"width:10.94px;;vertical-align: middle ; \"> \u00a0 <\/td>\n<td style=\"width:91.6px;;text-align: right ;  vertical-align: middle; vertical-align: middle ; \"> <strong>757<\/strong> <\/td>\n<td style=\"width:101.8px;;text-align: right ;  vertical-align: middle; vertical-align: middle ; \"> <strong>664<\/strong> <\/td>\n<td style=\"width:116.87px;;text-align: right ;  vertical-align: middle; vertical-align: middle ; \"> <strong>13.9%<\/strong> <\/td>\n<td style=\"width:126.54px;;text-align: right ;  vertical-align: middle; vertical-align: middle ; \"> <strong>14.5%<\/strong> <\/td>\n<\/tr>\n<tr>\n<td style=\"width:194.87px;;vertical-align: middle ; \"> Japan <\/td>\n<td style=\"width:10.94px;;vertical-align: middle ; \"> \u00a0 <\/td>\n<td style=\"width:91.6px;;text-align: right ;  vertical-align: middle; vertical-align: middle ; \"> 357 <\/td>\n<td style=\"width:101.8px;;text-align: right ;  vertical-align: middle; vertical-align: middle ; \"> 322 <\/td>\n<td style=\"width:116.87px;;text-align: right ;  vertical-align: middle; vertical-align: middle ; \"> 10.8% <\/td>\n<td style=\"width:126.54px;;text-align: right ;  vertical-align: middle; vertical-align: middle ; \"> 25.2% <\/td>\n<\/tr>\n<tr>\n<td style=\"width:194.87px;;vertical-align: middle ; \"> Asia-Pacific (excl. Japan) <\/td>\n<td style=\"width:10.94px;;vertical-align: middle ; \"> \u00a0 <\/td>\n<td style=\"width:91.6px;;text-align: right ;  vertical-align: middle; vertical-align: middle ; \"> 1,920 <\/td>\n<td style=\"width:101.8px;;text-align: right ;  vertical-align: middle; vertical-align: middle ; \"> 1,763 <\/td>\n<td style=\"width:116.87px;;text-align: right ;  vertical-align: middle; vertical-align: middle ; \"> 8.9% <\/td>\n<td style=\"width:126.54px;;text-align: right ;  vertical-align: middle; vertical-align: middle ; \"> 13.9% <\/td>\n<\/tr>\n<tr>\n<td style=\"width:194.87px;;vertical-align: middle ; \"> <strong><em>Total Asia<\/em><\/strong> <\/td>\n<td style=\"width:10.94px;;vertical-align: middle ; \"> \u00a0 <\/td>\n<td style=\"width:91.6px;;text-align: right ;  vertical-align: middle; vertical-align: middle ; \"> <strong>2,277<\/strong> <\/td>\n<td style=\"width:101.8px;;text-align: right ;  vertical-align: middle; vertical-align: middle ; \"> <strong>2,084<\/strong> <\/td>\n<td style=\"width:116.87px;;text-align: right ;  vertical-align: middle; vertical-align: middle ; \"> <strong>9.2%<\/strong> <\/td>\n<td style=\"width:126.54px;;text-align: right ;  vertical-align: middle; vertical-align: middle ; \"> <strong>15.7%<\/strong> <\/td>\n<\/tr>\n<tr>\n<td style=\"width:194.87px;;vertical-align: middle ; \"> Americas <\/td>\n<td style=\"width:10.94px;;vertical-align: middle ; \"> \u00a0 <\/td>\n<td style=\"width:91.6px;;text-align: right ;  vertical-align: middle; vertical-align: middle ; \"> 614 <\/td>\n<td style=\"width:101.8px;;text-align: right ;  vertical-align: middle; vertical-align: middle ; \"> 556 <\/td>\n<td style=\"width:116.87px;;text-align: right ;  vertical-align: middle; vertical-align: middle ; \"> 10.3% <\/td>\n<td style=\"width:126.54px;;text-align: right ;  vertical-align: middle; vertical-align: middle ; \"> 11.8% <\/td>\n<\/tr>\n<tr>\n<td style=\"width:194.87px;;vertical-align: middle ; \"> Other (Middle East) <\/td>\n<td style=\"width:10.94px;;vertical-align: middle ; \"> \u00a0 <\/td>\n<td style=\"width:91.6px;;text-align: right ;  vertical-align: middle; vertical-align: middle ; \"> 158 <\/td>\n<td style=\"width:101.8px;;text-align: right ;  vertical-align: middle; vertical-align: middle ; \"> 75 <\/td>\n<td style=\"width:116.87px;;text-align: right ;  vertical-align: middle; vertical-align: middle ; \"> 111.0% <\/td>\n<td style=\"width:126.54px;;text-align: right ;  vertical-align: middle; vertical-align: middle ; \"> 112.6% <\/td>\n<\/tr>\n<tr>\n<td style=\"width:194.87px;;vertical-align: middle ; \"> <strong>TOTAL<\/strong> <\/td>\n<td style=\"width:10.94px;;vertical-align: middle ; \"> \u00a0 <\/td>\n<td style=\"width:91.6px;;text-align: right ;  vertical-align: middle; vertical-align: middle ; \"> <strong>3,805<\/strong> <\/td>\n<td style=\"width:101.8px;;text-align: right ;  vertical-align: middle; vertical-align: middle ; \"> <strong>3,380<\/strong> <\/td>\n<td style=\"width:116.87px;;text-align: right ;  vertical-align: middle; vertical-align: middle ; \"> <strong>12.6%<\/strong> <\/td>\n<td style=\"width:126.54px;;text-align: right ;  vertical-align: middle; vertical-align: middle ; \"> <strong>17.0%<\/strong> <\/td>\n<\/tr>\n<\/table>\n<p><sup>(a)<\/sup> Sales by destination.<\/p>\n<p align=\"center\"><strong>REVENUE BY SECTOR<\/strong><\/p>\n<table style=\"border-collapse: collapse; margin-left:0; width:481.95pt; border-collapse:collapse ;\">\n<tr>\n<td style=\"width:195.14px;;vertical-align: top ; \"> <strong>\u00a0<\/strong> <\/td>\n<td style=\"width:11px;;vertical-align: bottom ; \"> \u00a0 <\/td>\n<td colspan=\"2\" style=\"width:193.14px;;text-align: center ;  vertical-align: middle; vertical-align: middle ; \"> <strong>1<\/strong><sup><strong>st<\/strong><\/sup><strong> quarter<\/strong> <\/td>\n<td colspan=\"2\" style=\"width:243.34px;;text-align: center ;  vertical-align: middle; vertical-align: middle ; \"> <strong>Evolution \/2023<\/strong> <\/td>\n<\/tr>\n<tr>\n<td style=\"width:195.14px;;vertical-align: bottom ; \"> <em>In millions of Euros <\/em> <\/td>\n<td style=\"width:11px;;vertical-align: bottom ; \"> \u00a0 <\/td>\n<td style=\"width:91.47px;;text-align: right ;  vertical-align: middle; vertical-align: bottom ; \"> <strong>2024<\/strong> <\/td>\n<td style=\"width:101.67px;;text-align: right ;  vertical-align: middle; vertical-align: bottom ; \"> <strong>2023<\/strong> <\/td>\n<td style=\"width:116.8px;;text-align: right ;  vertical-align: middle; vertical-align: bottom ; \"> <strong>Published<\/strong> <\/td>\n<td style=\"width:126.54px;;text-align: right ;  vertical-align: middle; vertical-align: bottom ; \"> <strong>At constant exchange rates<\/strong> <\/td>\n<\/tr>\n<tr>\n<td style=\"width:195.14px;;vertical-align: middle ; \"> Leather Goods and Saddlery <sup>(1)<\/sup> <\/td>\n<td style=\"width:11px;;vertical-align: middle ; \"> \u00a0 <\/td>\n<td style=\"width:91.47px;;text-align: right ;  vertical-align: middle; vertical-align: middle ; \"> 1,628 <\/td>\n<td style=\"width:101.67px;;text-align: right ;  vertical-align: middle; vertical-align: middle ; \"> 1,409 <\/td>\n<td style=\"width:116.8px;;text-align: right ;  vertical-align: middle; vertical-align: middle ; \"> 15.5% <\/td>\n<td style=\"width:126.54px;;text-align: right ;  vertical-align: middle; vertical-align: middle ; \"> 20.3% <\/td>\n<\/tr>\n<tr>\n<td style=\"width:195.14px;;vertical-align: middle ; \"> Ready-to-wear and Accessories <sup>(2)<\/sup> <\/td>\n<td style=\"width:11px;;vertical-align: middle ; \"> \u00a0 <\/td>\n<td style=\"width:91.47px;;text-align: right ;  vertical-align: middle; vertical-align: middle ; \"> 1,061 <\/td>\n<td style=\"width:101.67px;;text-align: right ;  vertical-align: middle; vertical-align: middle ; \"> 950 <\/td>\n<td style=\"width:116.8px;;text-align: right ;  vertical-align: middle; vertical-align: middle ; \"> 11.7% <\/td>\n<td style=\"width:126.54px;;text-align: right ;  vertical-align: middle; vertical-align: middle ; \"> 15.9% <\/td>\n<\/tr>\n<tr>\n<td style=\"width:195.14px;;vertical-align: middle ; \"> Silk and Textiles <\/td>\n<td style=\"width:11px;;vertical-align: middle ; \"> \u00a0 <\/td>\n<td style=\"width:91.47px;;text-align: right ;  vertical-align: middle; vertical-align: middle ; \"> 242 <\/td>\n<td style=\"width:101.67px;;text-align: right ;  vertical-align: middle; vertical-align: middle ; \"> 234 <\/td>\n<td style=\"width:116.8px;;text-align: right ;  vertical-align: middle; vertical-align: middle ; \"> 3.4% <\/td>\n<td style=\"width:126.54px;;text-align: right ;  vertical-align: middle; vertical-align: middle ; \"> 7.9% <\/td>\n<\/tr>\n<tr>\n<td style=\"width:195.14px;;vertical-align: middle ; \"> Other Herm\u00e8s sectors <sup>(3)<\/sup> <\/td>\n<td style=\"width:11px;;vertical-align: middle ; \"> \u00a0 <\/td>\n<td style=\"width:91.47px;;text-align: right ;  vertical-align: middle; vertical-align: middle ; \"> 505 <\/td>\n<td style=\"width:101.67px;;text-align: right ;  vertical-align: middle; vertical-align: middle ; \"> 421 <\/td>\n<td style=\"width:116.8px;;text-align: right ;  vertical-align: middle; vertical-align: middle ; \"> 20.0% <\/td>\n<td style=\"width:126.54px;;text-align: right ;  vertical-align: middle; vertical-align: middle ; \"> 24.5% <\/td>\n<\/tr>\n<tr>\n<td style=\"width:195.14px;;vertical-align: middle ; \"> Perfume and Beauty <\/td>\n<td style=\"width:11px;;vertical-align: middle ; \"> \u00a0 <\/td>\n<td style=\"width:91.47px;;text-align: right ;  vertical-align: middle; vertical-align: middle ; \"> 130 <\/td>\n<td style=\"width:101.67px;;text-align: right ;  vertical-align: middle; vertical-align: middle ; \"> 126 <\/td>\n<td style=\"width:116.8px;;text-align: right ;  vertical-align: middle; vertical-align: middle ; \"> 3.0% <\/td>\n<td style=\"width:126.54px;;text-align: right ;  vertical-align: middle; vertical-align: middle ; \"> 4.3% <\/td>\n<\/tr>\n<tr>\n<td style=\"width:195.14px;;vertical-align: middle ; \"> Watches <\/td>\n<td style=\"width:11px;;vertical-align: middle ; \"> \u00a0 <\/td>\n<td style=\"width:91.47px;;text-align: right ;  vertical-align: middle; vertical-align: middle ; \"> 166 <\/td>\n<td style=\"width:101.67px;;text-align: right ;  vertical-align: middle; vertical-align: middle ; \"> 166 <\/td>\n<td style=\"width:116.8px;;text-align: right ;  vertical-align: middle; vertical-align: middle ; \"> 0.1% <\/td>\n<td style=\"width:126.54px;;text-align: right ;  vertical-align: middle; vertical-align: middle ; \"> 4.3% <\/td>\n<\/tr>\n<tr>\n<td style=\"width:195.14px;;vertical-align: middle ; \"> Other products <sup>(4)<\/sup> <\/td>\n<td style=\"width:11px;;vertical-align: middle ; \"> \u00a0 <\/td>\n<td style=\"width:91.47px;;text-align: right ;  vertical-align: middle; vertical-align: middle ; \"> 74 <\/td>\n<td style=\"width:101.67px;;text-align: right ;  vertical-align: middle; vertical-align: middle ; \"> 74 <\/td>\n<td style=\"width:116.8px;;text-align: right ;  vertical-align: middle; vertical-align: middle ; \"> (0.8)% <\/td>\n<td style=\"width:126.54px;;text-align: right ;  vertical-align: middle; vertical-align: middle ; \"> 1.4% <\/td>\n<\/tr>\n<tr>\n<td style=\"width:195.14px;;vertical-align: middle ; \"> <strong>TOTAL<\/strong> <\/td>\n<td style=\"width:11px;;vertical-align: middle ; \"> \u00a0 <\/td>\n<td style=\"width:91.47px;;text-align: right ;  vertical-align: middle; vertical-align: middle ; \"> <strong>3,805<\/strong> <\/td>\n<td style=\"width:101.67px;;text-align: right ;  vertical-align: middle; vertical-align: middle ; \"> <strong>3,380<\/strong> <\/td>\n<td style=\"width:116.8px;;text-align: right ;  vertical-align: middle; vertical-align: middle ; \"> <strong>12.6%<\/strong> <\/td>\n<td style=\"width:126.54px;;text-align: right ;  vertical-align: middle; vertical-align: middle ; \"> <strong>17.0%<\/strong> <\/td>\n<\/tr>\n<\/table>\n<p align=\"justify\"><sup>(1)<\/sup> The \u201cLeather Goods and Saddlery\u201d business line includes women&#8217;s and men&#8217;s bags, travel items, small leather goods and accessories, saddles, bridles and all equestrian objects and clothing.<br \/><sup>(2)<\/sup> The \u201cReady-to-wear and Accessories\u201d business line includes Herm\u00e8s Ready-to-wear for men and women, belts, costume jewellery, gloves, hats and shoes.<br \/><sup>(3)<\/sup> The \u201cOther Herm\u00e8s business lines\u201d include Jewellery and Herm\u00e8s home products (Art of Living and Herm\u00e8s Tableware).<br \/><sup>(4)<\/sup> The \u201cOther products\u201d include the production activities carried out on behalf of non-group brands (textile printing, tanning\u2026), as well as John Lobb, Saint-Louis and Puiforcat.<\/p>\n<p align=\"center\">APPENDIX \u2013 EXTRACT FROM FIRST HALF CONSOLIDATED ACCOUNTS <\/p>\n<p><strong>CONSOLIDATED INCOME STATEMENT<\/strong><\/p>\n<table style=\"border-collapse: collapse; width:411.1pt; border-collapse:collapse ;\">\n<tr>\n<td style=\"width:359.47px;;text-align: left ;  vertical-align: middle; border-bottom: solid black 1pt ; vertical-align: bottom ; \"> <em>In millions of euros<\/em> <\/td>\n<td style=\"width:94.4px;;text-align: right ;  vertical-align: middle; border-bottom: solid black 1pt ; vertical-align: bottom ; \"> <strong>H1 2024<\/strong> <\/td>\n<td style=\"width:94.27px;;text-align: right ;  vertical-align: middle; border-bottom: solid black 1pt ; vertical-align: bottom ; \"> <strong>H1 2023<\/strong> <\/td>\n<\/tr>\n<tr>\n<td style=\"width:359.47px;;text-align: left ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> <strong>Revenue<\/strong> <\/td>\n<td style=\"width:94.4px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> <strong>7,504 <\/strong> <\/td>\n<td style=\"width:94.27px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> <strong>6,698 <\/strong> <\/td>\n<\/tr>\n<tr>\n<td style=\"width:359.47px;;text-align: left ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> Cost of sales <\/td>\n<td style=\"width:94.4px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> (2,206) <\/td>\n<td style=\"width:94.27px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> (1,863) <\/td>\n<\/tr>\n<tr>\n<td style=\"width:359.47px;;text-align: left ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> <strong>Gross margin<\/strong> <\/td>\n<td style=\"width:94.4px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> <strong>5,298 <\/strong> <\/td>\n<td style=\"width:94.27px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> <strong>4,834 <\/strong> <\/td>\n<\/tr>\n<tr>\n<td style=\"width:359.47px;;text-align: left ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> Sales and administrative expenses <\/td>\n<td style=\"width:94.4px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> (1,682) <\/td>\n<td style=\"width:94.27px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> (1,485) <\/td>\n<\/tr>\n<tr>\n<td style=\"width:359.47px;;text-align: left ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> Other income and expenses <\/td>\n<td style=\"width:94.4px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> (467) <\/td>\n<td style=\"width:94.27px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> (403) <\/td>\n<\/tr>\n<tr>\n<td style=\"width:359.47px;;text-align: left ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> <strong>Recurring operating income<\/strong> <\/td>\n<td style=\"width:94.4px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> <strong>3,148 <\/strong> <\/td>\n<td style=\"width:94.27px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> <strong>2,947 <\/strong> <\/td>\n<\/tr>\n<tr>\n<td style=\"width:359.47px;;text-align: left ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> Other non-recurring income and expenses <\/td>\n<td style=\"width:94.4px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> &#8211; <\/td>\n<td style=\"width:94.27px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> &#8211; <\/td>\n<\/tr>\n<tr>\n<td style=\"width:359.47px;;text-align: left ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> <strong>Operating income<\/strong> <\/td>\n<td style=\"width:94.4px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> <strong>3,148 <\/strong> <\/td>\n<td style=\"width:94.27px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> <strong>2,947 <\/strong> <\/td>\n<\/tr>\n<tr>\n<td style=\"width:359.47px;;text-align: left ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> Net financial income <\/td>\n<td style=\"width:94.4px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> 141  <\/td>\n<td style=\"width:94.27px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> 75  <\/td>\n<\/tr>\n<tr>\n<td style=\"width:359.47px;;text-align: left ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> <strong>Net income before tax<\/strong> <\/td>\n<td style=\"width:94.4px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> <strong>3,289 <\/strong> <\/td>\n<td style=\"width:94.27px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> <strong>3,021 <\/strong> <\/td>\n<\/tr>\n<tr>\n<td style=\"width:359.47px;;text-align: left ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> Income tax <\/td>\n<td style=\"width:94.4px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> (927) <\/td>\n<td style=\"width:94.27px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> (831) <\/td>\n<\/tr>\n<tr>\n<td style=\"width:359.47px;;text-align: left ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> Net income from associates <\/td>\n<td style=\"width:94.4px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> 16  <\/td>\n<td style=\"width:94.27px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> 43  <\/td>\n<\/tr>\n<tr>\n<td style=\"width:359.47px;;text-align: left ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> <strong>CONSOLIDATED NET INCOME<\/strong> <\/td>\n<td style=\"width:94.4px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> <strong>2,378 <\/strong> <\/td>\n<td style=\"width:94.27px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> <strong>2,234 <\/strong> <\/td>\n<\/tr>\n<tr>\n<td style=\"width:359.47px;;text-align: left ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> Non-controlling interests <\/td>\n<td style=\"width:94.4px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> (10) <\/td>\n<td style=\"width:94.27px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> (8) <\/td>\n<\/tr>\n<tr>\n<td style=\"width:359.47px;;text-align: left ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> <strong>NET INCOME ATTRIBUTABLE TO OWNERS OF THE PARENT<\/strong> <\/td>\n<td style=\"width:94.4px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> <strong>2,368 <\/strong> <\/td>\n<td style=\"width:94.27px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> <strong>2,226 <\/strong> <\/td>\n<\/tr>\n<tr>\n<td style=\"width:359.47px;;text-align: left ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> Basic earnings per share <em>(in euros)<\/em> <\/td>\n<td style=\"width:94.4px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> 22.61  <\/td>\n<td style=\"width:94.27px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> 21.29  <\/td>\n<\/tr>\n<tr>\n<td style=\"width:359.47px;;text-align: left ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> Diluted earnings per share <em>(in euros)<\/em> <\/td>\n<td style=\"width:94.4px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> 22.58  <\/td>\n<td style=\"width:94.27px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> 21.26  <\/td>\n<\/tr>\n<\/table>\n<p><strong>CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME<\/strong><\/p>\n<table style=\"border-collapse: collapse; width:523.3pt; border-collapse:collapse ;\">\n<tr>\n<td style=\"width:340.6px;;text-align: left ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: bottom ; \"> <em>In millions of euros<\/em> <\/td>\n<td style=\"width:90.34px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: bottom ; \"> <strong>H1 2024<\/strong> <\/td>\n<td style=\"width:90.27px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: bottom ; \"> <strong>H1 2023<\/strong> <\/td>\n<td> \u00a0 <\/td>\n<\/tr>\n<tr>\n<td style=\"width:340.6px;;text-align: left ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> <strong>Consolidated net income<\/strong> <\/td>\n<td style=\"width:90.34px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> <strong>2,378 <\/strong> <\/td>\n<td style=\"width:90.27px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> <strong>2,234 <\/strong> <\/td>\n<td> \u00a0 <\/td>\n<\/tr>\n<tr>\n<td style=\"width:340.6px;;text-align: left ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> Changes in foreign currency adjustments <sup>1<\/sup> <\/td>\n<td style=\"width:90.34px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> 42  <\/td>\n<td style=\"width:90.27px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> (115) <\/td>\n<td> \u00a0 <\/td>\n<\/tr>\n<tr>\n<td style=\"width:340.6px;;text-align: left ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> Hedges of future cash flows in foreign currencies <sup>1 2<\/sup> <\/td>\n<td style=\"width:90.34px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> (17) <\/td>\n<td style=\"width:90.27px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> 72  <\/td>\n<td> \u00a0 <\/td>\n<\/tr>\n<tr>\n<td style=\"width:340.6px;;border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \">\n<ul type=\"square\">\n<li style=\"text-align:left;\"><em>change in fair value<\/em><\/li>\n<\/ul>\n<\/td>\n<td style=\"width:90.34px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> <em>34 <\/em> <\/td>\n<td style=\"width:90.27px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> <em>123 <\/em> <\/td>\n<td> \u00a0 <\/td>\n<\/tr>\n<tr>\n<td style=\"width:340.6px;;border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \">\n<ul type=\"square\">\n<li style=\"text-align:left;\"><em>recycling through profit or loss<\/em><\/li>\n<\/ul>\n<\/td>\n<td style=\"width:90.34px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> <em>(51)<\/em> <\/td>\n<td style=\"width:90.27px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> <em>(51)<\/em> <\/td>\n<td> \u00a0 <\/td>\n<\/tr>\n<tr>\n<td style=\"width:340.6px;;text-align: left ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> Assets at fair value <sup>2<\/sup> <\/td>\n<td style=\"width:90.34px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> 30  <\/td>\n<td style=\"width:90.27px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> &#8211; <\/td>\n<td> \u00a0 <\/td>\n<\/tr>\n<tr>\n<td style=\"width:340.6px;;text-align: left ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> Employee benefit obligations: change in value linked to actuarial gains and losses <sup>2<\/sup> <\/td>\n<td style=\"width:90.34px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> (0) <\/td>\n<td style=\"width:90.27px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> (1) <\/td>\n<td> \u00a0 <\/td>\n<\/tr>\n<tr>\n<td style=\"width:340.6px;;text-align: left ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> <strong>Net comprehensive income<\/strong> <\/td>\n<td style=\"width:90.34px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> <strong>2,433 <\/strong> <\/td>\n<td style=\"width:90.27px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> <strong>2,189 <\/strong> <\/td>\n<td> \u00a0 <\/td>\n<\/tr>\n<tr>\n<td style=\"width:340.6px;;border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \">\n<ul type=\"square\">\n<li style=\"text-align:left;\"><em>attributable to owners of the parent<\/em><\/li>\n<\/ul>\n<\/td>\n<td style=\"width:90.34px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> <em>2,423 <\/em> <\/td>\n<td style=\"width:90.27px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> <em>2,180 <\/em> <\/td>\n<td> \u00a0 <\/td>\n<\/tr>\n<tr>\n<td style=\"width:340.6px;;border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \">\n<ul type=\"square\">\n<li style=\"text-align:left;\"><em>attributable to non-controlling interests<\/em><\/li>\n<\/ul>\n<\/td>\n<td style=\"width:90.34px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> <em>10 <\/em> <\/td>\n<td style=\"width:90.27px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> <em>9 <\/em> <\/td>\n<td> \u00a0 <\/td>\n<\/tr>\n<tr>\n<td colspan=\"4\" style=\"width:697.74px;;text-align: justify ;  vertical-align: middle; border-top: solid black 1pt ; vertical-align: middle ; text-align: justify ;  vertical-align: middle; \"> <em>(1) Transferable through profit or loss.<\/em><br \/><em>(2) Net of tax.<\/em>  <\/td>\n<\/tr>\n<\/table>\n<p><strong>CONSOLIDATED BALANCE SHEET <\/strong><\/p>\n<p><strong>ASSETS<\/strong><\/p>\n<table style=\"border-collapse: collapse; margin-left:0; width:447.1pt; border-collapse:collapse ;\">\n<tr>\n<td style=\"width:394.94px;;text-align: left ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: bottom ; \"> <em>In millions of euros<\/em> <\/td>\n<td style=\"width:109.07px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: top ; \"> <strong>30\/06\/2024<\/strong> <\/td>\n<td style=\"width:92.14px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: top ; \"> <strong>31\/12\/2023<\/strong> <\/td>\n<\/tr>\n<tr>\n<td style=\"width:394.94px;;text-align: left ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> Goodwill <\/td>\n<td style=\"width:109.07px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> 241  <\/td>\n<td style=\"width:92.14px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> 72  <\/td>\n<\/tr>\n<tr>\n<td style=\"width:394.94px;;text-align: left ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> Intangible assets <\/td>\n<td style=\"width:109.07px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> 228  <\/td>\n<td style=\"width:92.14px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> 225  <\/td>\n<\/tr>\n<tr>\n<td style=\"width:394.94px;;text-align: left ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> Right-of-use assets <\/td>\n<td style=\"width:109.07px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> 1,821  <\/td>\n<td style=\"width:92.14px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> 1,716  <\/td>\n<\/tr>\n<tr>\n<td style=\"width:394.94px;;text-align: left ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> Property, plant and equipment <\/td>\n<td style=\"width:109.07px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> 2,455  <\/td>\n<td style=\"width:92.14px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> 2,340  <\/td>\n<\/tr>\n<tr>\n<td style=\"width:394.94px;;text-align: left ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> Investment property <\/td>\n<td style=\"width:109.07px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> 7  <\/td>\n<td style=\"width:92.14px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> 7  <\/td>\n<\/tr>\n<tr>\n<td style=\"width:394.94px;;text-align: left ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> Financial assets <\/td>\n<td style=\"width:109.07px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> 1,205  <\/td>\n<td style=\"width:92.14px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> 1,141  <\/td>\n<\/tr>\n<tr>\n<td style=\"width:394.94px;;text-align: left ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> Investments in associates <\/td>\n<td style=\"width:109.07px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> 211  <\/td>\n<td style=\"width:92.14px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> 200  <\/td>\n<\/tr>\n<tr>\n<td style=\"width:394.94px;;text-align: left ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> Loans and deposits <\/td>\n<td style=\"width:109.07px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> 83  <\/td>\n<td style=\"width:92.14px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> 70  <\/td>\n<\/tr>\n<tr>\n<td style=\"width:394.94px;;text-align: left ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> Deferred tax assets <\/td>\n<td style=\"width:109.07px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> 750  <\/td>\n<td style=\"width:92.14px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> 631  <\/td>\n<\/tr>\n<tr>\n<td style=\"width:394.94px;;text-align: left ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> Other non-current assets <\/td>\n<td style=\"width:109.07px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> 45  <\/td>\n<td style=\"width:92.14px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> 37  <\/td>\n<\/tr>\n<tr>\n<td style=\"width:394.94px;;text-align: left ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> <strong>Non-current assets<\/strong> <\/td>\n<td style=\"width:109.07px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> <strong>7,046 <\/strong> <\/td>\n<td style=\"width:92.14px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> <strong>6,438 <\/strong> <\/td>\n<\/tr>\n<tr>\n<td style=\"width:394.94px;;text-align: left ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> Inventories and work-in-progress <\/td>\n<td style=\"width:109.07px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> 2,780  <\/td>\n<td style=\"width:92.14px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> 2,414  <\/td>\n<\/tr>\n<tr>\n<td style=\"width:394.94px;;text-align: left ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> Trade and other receivables <\/td>\n<td style=\"width:109.07px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> 535  <\/td>\n<td style=\"width:92.14px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> 431  <\/td>\n<\/tr>\n<tr>\n<td style=\"width:394.94px;;text-align: left ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> Current tax receivables <\/td>\n<td style=\"width:109.07px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> 52  <\/td>\n<td style=\"width:92.14px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> 51  <\/td>\n<\/tr>\n<tr>\n<td style=\"width:394.94px;;text-align: left ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> Other current assets <\/td>\n<td style=\"width:109.07px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> 418  <\/td>\n<td style=\"width:92.14px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> 300  <\/td>\n<\/tr>\n<tr>\n<td style=\"width:394.94px;;text-align: left ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> Financial derivatives <\/td>\n<td style=\"width:109.07px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> 199  <\/td>\n<td style=\"width:92.14px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> 188  <\/td>\n<\/tr>\n<tr>\n<td style=\"width:394.94px;;text-align: left ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> Cash and cash equivalents <\/td>\n<td style=\"width:109.07px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> 9,478  <\/td>\n<td style=\"width:92.14px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> 10,625  <\/td>\n<\/tr>\n<tr>\n<td style=\"width:394.94px;;text-align: left ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> <strong>Current assets<\/strong> <\/td>\n<td style=\"width:109.07px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> <strong>13,462 <\/strong> <\/td>\n<td style=\"width:92.14px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> <strong>14,008 <\/strong> <\/td>\n<\/tr>\n<tr>\n<td style=\"width:394.94px;;text-align: left ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> <strong>TOTAL ASSETS<\/strong> <\/td>\n<td style=\"width:109.07px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> <strong>20,507 <\/strong> <\/td>\n<td style=\"width:92.14px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> <strong>20,447 <\/strong> <\/td>\n<\/tr>\n<\/table>\n<p><strong>LIABILITIES<\/strong><\/p>\n<table style=\"border-collapse: collapse; margin-left:0; width:449.15pt; border-collapse:collapse ;\">\n<tr>\n<td style=\"width:403.67px;;text-align: left ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: bottom ; \"> <em>In millions of euros<\/em> <\/td>\n<td style=\"width:97.6px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: top ; \"> <strong>30\/06\/2024<\/strong> <\/td>\n<td style=\"width:97.6px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: top ; \"> <strong>31\/12\/2023<\/strong> <\/td>\n<\/tr>\n<tr>\n<td style=\"width:403.67px;;text-align: left ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> Share capital <\/td>\n<td style=\"width:97.6px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> 54  <\/td>\n<td style=\"width:97.6px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> 54  <\/td>\n<\/tr>\n<tr>\n<td style=\"width:403.67px;;text-align: left ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> Share premium <\/td>\n<td style=\"width:97.6px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> 50  <\/td>\n<td style=\"width:97.6px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> 50  <\/td>\n<\/tr>\n<tr>\n<td style=\"width:403.67px;;text-align: left ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> Treasury shares <\/td>\n<td style=\"width:97.6px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> (698) <\/td>\n<td style=\"width:97.6px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> (698) <\/td>\n<\/tr>\n<tr>\n<td style=\"width:403.67px;;text-align: left ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> Reserves <\/td>\n<td style=\"width:97.6px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> 12,482  <\/td>\n<td style=\"width:97.6px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> 10,744  <\/td>\n<\/tr>\n<tr>\n<td style=\"width:403.67px;;text-align: left ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> Foreign currency adjustments <\/td>\n<td style=\"width:97.6px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> 231  <\/td>\n<td style=\"width:97.6px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> 189  <\/td>\n<\/tr>\n<tr>\n<td style=\"width:403.67px;;text-align: left ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> Revaluation adjustments <\/td>\n<td style=\"width:97.6px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> 565  <\/td>\n<td style=\"width:97.6px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> 553  <\/td>\n<\/tr>\n<tr>\n<td style=\"width:403.67px;;text-align: left ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> Net income attributable to owners of the parent <\/td>\n<td style=\"width:97.6px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> 2,368  <\/td>\n<td style=\"width:97.6px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> 4,311  <\/td>\n<\/tr>\n<tr>\n<td style=\"width:403.67px;;text-align: left ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> <strong>Equity attributable to owners of the parent<\/strong> <\/td>\n<td style=\"width:97.6px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> <strong>15,052 <\/strong> <\/td>\n<td style=\"width:97.6px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> <strong>15,201 <\/strong> <\/td>\n<\/tr>\n<tr>\n<td style=\"width:403.67px;;text-align: left ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> Non-controlling interests <\/td>\n<td style=\"width:97.6px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> 26  <\/td>\n<td style=\"width:97.6px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> 2  <\/td>\n<\/tr>\n<tr>\n<td style=\"width:403.67px;;text-align: left ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> <strong>Equity<\/strong> <\/td>\n<td style=\"width:97.6px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> <strong>15,078 <\/strong> <\/td>\n<td style=\"width:97.6px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> <strong>15,203 <\/strong> <\/td>\n<\/tr>\n<tr>\n<td style=\"width:403.67px;;text-align: left ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> Borrowings and financial liabilities due in more than one year <\/td>\n<td style=\"width:97.6px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> 49  <\/td>\n<td style=\"width:97.6px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> 50  <\/td>\n<\/tr>\n<tr>\n<td style=\"width:403.67px;;text-align: left ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> Lease liabilities due in more than one year <\/td>\n<td style=\"width:97.6px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> 1,826  <\/td>\n<td style=\"width:97.6px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> 1,720  <\/td>\n<\/tr>\n<tr>\n<td style=\"width:403.67px;;text-align: left ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> Non-current provisions <\/td>\n<td style=\"width:97.6px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> 33  <\/td>\n<td style=\"width:97.6px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> 31  <\/td>\n<\/tr>\n<tr>\n<td style=\"width:403.67px;;text-align: left ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> Post-employment and other employee benefit obligations due in more than one year <\/td>\n<td style=\"width:97.6px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> 159  <\/td>\n<td style=\"width:97.6px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> 151  <\/td>\n<\/tr>\n<tr>\n<td style=\"width:403.67px;;text-align: left ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> Deferred tax liabilities <\/td>\n<td style=\"width:97.6px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> 3  <\/td>\n<td style=\"width:97.6px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> 2  <\/td>\n<\/tr>\n<tr>\n<td style=\"width:403.67px;;text-align: left ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> Other non-current liabilities <\/td>\n<td style=\"width:97.6px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> 81  <\/td>\n<td style=\"width:97.6px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> 106  <\/td>\n<\/tr>\n<tr>\n<td style=\"width:403.67px;;text-align: left ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> <strong>Non-current liabilities<\/strong> <\/td>\n<td style=\"width:97.6px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> <strong>2,152 <\/strong> <\/td>\n<td style=\"width:97.6px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> <strong>2,060 <\/strong> <\/td>\n<\/tr>\n<tr>\n<td style=\"width:403.67px;;text-align: left ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> Borrowings and financial liabilities due in less than one year <\/td>\n<td style=\"width:97.6px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> 1  <\/td>\n<td style=\"width:97.6px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> 1  <\/td>\n<\/tr>\n<tr>\n<td style=\"width:403.67px;;text-align: left ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> Lease liabilities due in less than one year <\/td>\n<td style=\"width:97.6px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> 305  <\/td>\n<td style=\"width:97.6px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> 289  <\/td>\n<\/tr>\n<tr>\n<td style=\"width:403.67px;;text-align: left ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> Current provisions <\/td>\n<td style=\"width:97.6px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> 126  <\/td>\n<td style=\"width:97.6px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> 134  <\/td>\n<\/tr>\n<tr>\n<td style=\"width:403.67px;;text-align: left ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> Post-employment and other employee benefit obligations due in less than one year <\/td>\n<td style=\"width:97.6px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> 16  <\/td>\n<td style=\"width:97.6px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> 16  <\/td>\n<\/tr>\n<tr>\n<td style=\"width:403.67px;;text-align: left ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> Trade and other payables <\/td>\n<td style=\"width:97.6px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> 798  <\/td>\n<td style=\"width:97.6px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> 880  <\/td>\n<\/tr>\n<tr>\n<td style=\"width:403.67px;;text-align: left ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> Financial derivatives <\/td>\n<td style=\"width:97.6px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> 80  <\/td>\n<td style=\"width:97.6px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> 45  <\/td>\n<\/tr>\n<tr>\n<td style=\"width:403.67px;;text-align: left ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> Current tax liabilities <\/td>\n<td style=\"width:97.6px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> 738  <\/td>\n<td style=\"width:97.6px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> 586  <\/td>\n<\/tr>\n<tr>\n<td style=\"width:403.67px;;text-align: left ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> Other current liabilities <\/td>\n<td style=\"width:97.6px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> 1,213  <\/td>\n<td style=\"width:97.6px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> 1,233  <\/td>\n<\/tr>\n<tr>\n<td style=\"width:403.67px;;text-align: left ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> <strong>Current liabilities<\/strong> <\/td>\n<td style=\"width:97.6px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> <strong>3,277 <\/strong> <\/td>\n<td style=\"width:97.6px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> <strong>3,183 <\/strong> <\/td>\n<\/tr>\n<tr>\n<td style=\"width:403.67px;;text-align: left ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> <strong>TOTAL EQUITY AND LIABILITIES<\/strong> <\/td>\n<td style=\"width:97.6px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> <strong>20,507 <\/strong> <\/td>\n<td style=\"width:97.6px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> <strong>20,447 <\/strong> <\/td>\n<\/tr>\n<\/table>\n<p><strong>CONSOLIDATED STATEMENT OF CHANGES IN EQUITY<\/strong><\/p>\n<table style=\"border-collapse: collapse; margin-left:0; width:540.65pt; border-collapse:collapse ;\">\n<tr>\n<td rowspan=\"2\" style=\"width:100.14px;;text-align: left ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: bottom ; text-align: left ;  vertical-align: middle; \"> <strong><em>In millions of euros<\/em><\/strong><\/p>\n<p> \u00a0 <\/td>\n<td rowspan=\"2\" style=\"width:52.94px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: bottom ; text-align: right ;  vertical-align: middle; \"> <strong>Number of shares<\/strong><\/p>\n<p> \u00a0 <\/td>\n<td rowspan=\"2\" style=\"width:50.14px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: bottom ; text-align: right ;  vertical-align: middle; \"> <strong>Share capital<\/strong><\/p>\n<p> \u00a0 <\/td>\n<td rowspan=\"2\" style=\"width:50.4px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: bottom ; text-align: right ;  vertical-align: middle; \"> <strong>Share premium<\/strong><\/p>\n<p> \u00a0 <\/td>\n<td rowspan=\"2\" style=\"width:50.6px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: bottom ; text-align: right ;  vertical-align: middle; \"> <strong>Treasury shares<\/strong><\/p>\n<p> \u00a0 <\/td>\n<td rowspan=\"2\" style=\"width:55.74px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: bottom ; text-align: right ;  vertical-align: middle; \"> <strong>Consolidated reserves and net income attributable to owners of the parent<\/strong><\/p>\n<p> \u00a0 <\/td>\n<td rowspan=\"2\" style=\"width:50.8px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: bottom ; text-align: right ;  vertical-align: middle; \"> <strong>Actuarial gains and losses<\/strong><\/p>\n<p> \u00a0 <\/td>\n<td rowspan=\"2\" style=\"width:52.14px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: bottom ; text-align: right ;  vertical-align: middle; \"> <strong>Foreign currency adjustments<\/strong><\/p>\n<p> \u00a0 <\/td>\n<td colspan=\"2\" style=\"width:105.74px;;text-align: center ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: bottom ; \"> <strong>Revaluation adjustments<\/strong> <\/td>\n<td> \u00a0 <\/td>\n<td> \u00a0 <\/td>\n<td> \u00a0 <\/td>\n<\/tr>\n<tr>\n<td style=\"width:52.74px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: bottom ; \"> <strong>Financial investments<\/strong> <\/td>\n<td style=\"width:53px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: bottom ; \"> <strong>Hedges of future cash flows in foreign currencies<\/strong> <\/td>\n<td style=\"width:50.74px;;text-align: right ;  vertical-align: middle; border-bottom: solid black 1pt ; vertical-align: bottom ; \"> <strong>Equity attributable to owners of the parent<\/strong> <\/td>\n<td style=\"width:50.87px;;text-align: right ;  vertical-align: middle; border-bottom: solid black 1pt ; vertical-align: bottom ; \"> <strong>Non- controlling interests<\/strong> <\/td>\n<td style=\"width:50.67px;;text-align: right ;  vertical-align: middle; border-bottom: solid black 1pt ; vertical-align: bottom ; \"> <strong>Equity<\/strong> <\/td>\n<\/tr>\n<tr>\n<td style=\"width:100.14px;;text-align: left ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: bottom ; \"> <strong>As at 1 January 2023<\/strong> <\/td>\n<td style=\"width:52.94px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: top ; \"> <strong>105,569,412 <\/strong> <\/td>\n<td style=\"width:50.14px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: top ; \"> <strong>54 <\/strong> <\/td>\n<td style=\"width:50.4px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: top ; \"> <strong>50 <\/strong> <\/td>\n<td style=\"width:50.6px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: top ; \"> <strong>(674)<\/strong> <\/td>\n<td style=\"width:55.74px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: top ; \"> <strong>12,247 <\/strong> <\/td>\n<td style=\"width:50.8px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: top ; \"> <strong>(85)<\/strong> <\/td>\n<td style=\"width:52.14px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: top ; \"> <strong>303 <\/strong> <\/td>\n<td style=\"width:52.74px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: top ; \"> <strong>521 <\/strong> <\/td>\n<td style=\"width:53px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: top ; \"> <strong>25 <\/strong> <\/td>\n<td style=\"width:50.74px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: top ; \"> <strong>12,440 <\/strong> <\/td>\n<td style=\"width:50.87px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: top ; \"> <strong>16 <\/strong> <\/td>\n<td style=\"width:50.67px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: top ; \"> <strong>12,457 <\/strong> <\/td>\n<\/tr>\n<tr>\n<td style=\"width:100.14px;;text-align: left ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> Net income <\/td>\n<td style=\"width:52.94px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> &#8211; <\/td>\n<td style=\"width:50.14px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> &#8211; <\/td>\n<td style=\"width:50.4px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> &#8211; <\/td>\n<td style=\"width:50.6px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> &#8211; <\/td>\n<td style=\"width:55.74px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> 4,311 <\/td>\n<td style=\"width:50.8px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> &#8211; <\/td>\n<td style=\"width:52.14px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> &#8211; <\/td>\n<td style=\"width:52.74px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> &#8211; <\/td>\n<td style=\"width:53px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> &#8211; <\/td>\n<td style=\"width:50.74px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> 4,311 <\/td>\n<td style=\"width:50.87px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> 12 <\/td>\n<td style=\"width:50.67px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> 4,322 <\/td>\n<\/tr>\n<tr>\n<td style=\"width:100.14px;;text-align: left ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> Other comprehensive income <\/td>\n<td style=\"width:52.94px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> &#8211; <\/td>\n<td style=\"width:50.14px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> &#8211; <\/td>\n<td style=\"width:50.4px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> &#8211; <\/td>\n<td style=\"width:50.6px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> &#8211; <\/td>\n<td style=\"width:55.74px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> &#8211; <\/td>\n<td style=\"width:50.8px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> 10 <\/td>\n<td style=\"width:52.14px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> (115) <\/td>\n<td style=\"width:52.74px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> &#8211; <\/td>\n<td style=\"width:53px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> 7 <\/td>\n<td style=\"width:50.74px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> (98) <\/td>\n<td style=\"width:50.87px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> 1 <\/td>\n<td style=\"width:50.67px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> (97) <\/td>\n<\/tr>\n<tr>\n<td style=\"width:100.14px;;text-align: left ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> <strong><em>Comprehensive income<\/em><\/strong> <\/td>\n<td style=\"width:52.94px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> <strong><em>&#8211;<\/em><\/strong> <\/td>\n<td style=\"width:50.14px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> <strong><em>&#8211;<\/em><\/strong> <\/td>\n<td style=\"width:50.4px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> <strong><em>&#8211;<\/em><\/strong> <\/td>\n<td style=\"width:50.6px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> <strong><em>&#8211;<\/em><\/strong> <\/td>\n<td style=\"width:55.74px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> <strong><em>4,311 <\/em><\/strong> <\/td>\n<td style=\"width:50.8px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> <strong><em>10 <\/em><\/strong> <\/td>\n<td style=\"width:52.14px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> <strong><em>(115)<\/em><\/strong> <\/td>\n<td style=\"width:52.74px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> <strong><em>&#8211;<\/em><\/strong> <\/td>\n<td style=\"width:53px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> <strong><em>7 <\/em><\/strong> <\/td>\n<td style=\"width:50.74px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> <strong><em>4,213<\/em><\/strong> <\/td>\n<td style=\"width:50.87px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> <strong><em>13<\/em><\/strong> <\/td>\n<td style=\"width:50.67px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> <strong><em>4,225 <\/em><\/strong> <\/td>\n<\/tr>\n<tr>\n<td style=\"width:100.14px;;text-align: left ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> Change in share capital and share premiums <\/td>\n<td style=\"width:52.94px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> &#8211; <\/td>\n<td style=\"width:50.14px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> &#8211; <\/td>\n<td style=\"width:50.4px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> &#8211; <\/td>\n<td style=\"width:50.6px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> &#8211; <\/td>\n<td style=\"width:55.74px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> &#8211; <\/td>\n<td style=\"width:50.8px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> &#8211; <\/td>\n<td style=\"width:52.14px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> &#8211; <\/td>\n<td style=\"width:52.74px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> &#8211; <\/td>\n<td style=\"width:53px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> &#8211; <\/td>\n<td style=\"width:50.74px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> &#8211; <\/td>\n<td style=\"width:50.87px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> &#8211; <\/td>\n<td style=\"width:50.67px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> &#8211; <\/td>\n<\/tr>\n<tr>\n<td style=\"width:100.14px;;text-align: left ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> Purchase or sale of treasury shares <\/td>\n<td style=\"width:52.94px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> &#8211; <\/td>\n<td style=\"width:50.14px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> &#8211; <\/td>\n<td style=\"width:50.4px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> &#8211; <\/td>\n<td style=\"width:50.6px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> (24) <\/td>\n<td style=\"width:55.74px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> (105) <\/td>\n<td style=\"width:50.8px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> &#8211; <\/td>\n<td style=\"width:52.14px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> &#8211; <\/td>\n<td style=\"width:52.74px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> &#8211; <\/td>\n<td style=\"width:53px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> &#8211; <\/td>\n<td style=\"width:50.74px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> (129) <\/td>\n<td style=\"width:50.87px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> &#8211; <\/td>\n<td style=\"width:50.67px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> (129) <\/td>\n<\/tr>\n<tr>\n<td style=\"width:100.14px;;text-align: left ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> Share-based payments <\/td>\n<td style=\"width:52.94px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> &#8211; <\/td>\n<td style=\"width:50.14px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> &#8211; <\/td>\n<td style=\"width:50.4px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> &#8211; <\/td>\n<td style=\"width:50.6px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> &#8211; <\/td>\n<td style=\"width:55.74px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> 104 <\/td>\n<td style=\"width:50.8px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> &#8211; <\/td>\n<td style=\"width:52.14px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> &#8211; <\/td>\n<td style=\"width:52.74px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> &#8211; <\/td>\n<td style=\"width:53px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> &#8211; <\/td>\n<td style=\"width:50.74px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> 104  <\/td>\n<td style=\"width:50.87px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> &#8211; <\/td>\n<td style=\"width:50.67px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> 104 <\/td>\n<\/tr>\n<tr>\n<td style=\"width:100.14px;;text-align: left ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> Dividends paid <\/td>\n<td style=\"width:52.94px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> &#8211; <\/td>\n<td style=\"width:50.14px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> &#8211; <\/td>\n<td style=\"width:50.4px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> &#8211; <\/td>\n<td style=\"width:50.6px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> &#8211; <\/td>\n<td style=\"width:55.74px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> (1,376) <\/td>\n<td style=\"width:50.8px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> &#8211; <\/td>\n<td style=\"width:52.14px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> &#8211; <\/td>\n<td style=\"width:52.74px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> &#8211; <\/td>\n<td style=\"width:53px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> &#8211; <\/td>\n<td style=\"width:50.74px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> (1,376) <\/td>\n<td style=\"width:50.87px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> (10) <\/td>\n<td style=\"width:50.67px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> (1,386) <\/td>\n<\/tr>\n<tr>\n<td style=\"width:100.14px;;text-align: left ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> Other <\/td>\n<td style=\"width:52.94px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> &#8211; <\/td>\n<td style=\"width:50.14px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> &#8211; <\/td>\n<td style=\"width:50.4px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> &#8211; <\/td>\n<td style=\"width:50.6px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> &#8211; <\/td>\n<td style=\"width:55.74px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> (51) <\/td>\n<td style=\"width:50.8px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> &#8211; <\/td>\n<td style=\"width:52.14px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> &#8211; <\/td>\n<td style=\"width:52.74px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> &#8211; <\/td>\n<td style=\"width:53px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> &#8211; <\/td>\n<td style=\"width:50.74px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> (51) <\/td>\n<td style=\"width:50.87px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> (17) <\/td>\n<td style=\"width:50.67px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> (68) <\/td>\n<\/tr>\n<tr>\n<td style=\"width:100.14px;;text-align: left ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: bottom ; \"> <strong>As at 31 December 2023<\/strong> <\/td>\n<td style=\"width:52.94px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> <strong>105,569,412 <\/strong> <\/td>\n<td style=\"width:50.14px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> <strong>54 <\/strong> <\/td>\n<td style=\"width:50.4px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> <strong>50 <\/strong> <\/td>\n<td style=\"width:50.6px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> <strong>(698)<\/strong> <\/td>\n<td style=\"width:55.74px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> <strong>15,130 <\/strong> <\/td>\n<td style=\"width:50.8px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> <strong>(75)<\/strong> <\/td>\n<td style=\"width:52.14px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> <strong>189 <\/strong> <\/td>\n<td style=\"width:52.74px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> <strong>521 <\/strong> <\/td>\n<td style=\"width:53px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> <strong>32 <\/strong> <\/td>\n<td style=\"width:50.74px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> <strong>15,201 <\/strong> <\/td>\n<td style=\"width:50.87px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> <strong>2 <\/strong> <\/td>\n<td style=\"width:50.67px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> <strong>15,203 <\/strong> <\/td>\n<\/tr>\n<tr>\n<td style=\"width:100.14px;;text-align: left ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> Net income for the first half of 2024 <\/td>\n<td style=\"width:52.94px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> &#8211; <\/td>\n<td style=\"width:50.14px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> &#8211; <\/td>\n<td style=\"width:50.4px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> &#8211; <\/td>\n<td style=\"width:50.6px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> &#8211; <\/td>\n<td style=\"width:55.74px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> 2,368 <\/td>\n<td style=\"width:50.8px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> &#8211; <\/td>\n<td style=\"width:52.14px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> &#8211; <\/td>\n<td style=\"width:52.74px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> &#8211; <\/td>\n<td style=\"width:53px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> &#8211; <\/td>\n<td style=\"width:50.74px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> 2,368 <\/td>\n<td style=\"width:50.87px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> 10 <\/td>\n<td style=\"width:50.67px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> 2,378 <\/td>\n<\/tr>\n<tr>\n<td style=\"width:100.14px;;text-align: left ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> Other comprehensive income for the first half of 2024 <\/td>\n<td style=\"width:52.94px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> &#8211; <\/td>\n<td style=\"width:50.14px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> &#8211; <\/td>\n<td style=\"width:50.4px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> &#8211; <\/td>\n<td style=\"width:50.6px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> &#8211; <\/td>\n<td style=\"width:55.74px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> &#8211; <\/td>\n<td style=\"width:50.8px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> (0) <\/td>\n<td style=\"width:52.14px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> 42 <\/td>\n<td style=\"width:52.74px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> 30 <\/td>\n<td style=\"width:53px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> (17) <\/td>\n<td style=\"width:50.74px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> 55 <\/td>\n<td style=\"width:50.87px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> 1 <\/td>\n<td style=\"width:50.67px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> 56 <\/td>\n<\/tr>\n<tr>\n<td style=\"width:100.14px;;text-align: left ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> <strong><em>Comprehensive income for the first half of 2024<\/em><\/strong> <\/td>\n<td style=\"width:52.94px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> <strong><em>&#8211;<\/em><\/strong> <\/td>\n<td style=\"width:50.14px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> <strong><em>&#8211;<\/em><\/strong> <\/td>\n<td style=\"width:50.4px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> <strong><em>&#8211;<\/em><\/strong> <\/td>\n<td style=\"width:50.6px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> <strong><em>&#8211;<\/em><\/strong> <\/td>\n<td style=\"width:55.74px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> <strong><em>2,368<\/em><\/strong> <\/td>\n<td style=\"width:50.8px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> <strong><em>(0)<\/em><\/strong> <\/td>\n<td style=\"width:52.14px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> <strong><em>42<\/em><\/strong> <\/td>\n<td style=\"width:52.74px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> <strong><em>30<\/em><\/strong> <\/td>\n<td style=\"width:53px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> <strong><em>(17)<\/em><\/strong> <\/td>\n<td style=\"width:50.74px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> <strong><em>2,423<\/em><\/strong> <\/td>\n<td style=\"width:50.87px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> <strong><em>10<\/em><\/strong> <\/td>\n<td style=\"width:50.67px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> <strong><em>2,433<\/em><\/strong> <\/td>\n<\/tr>\n<tr>\n<td style=\"width:100.14px;;text-align: left ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> Change in share capital and share premiums <\/td>\n<td style=\"width:52.94px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> &#8211; <\/td>\n<td style=\"width:50.14px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> &#8211; <\/td>\n<td style=\"width:50.4px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> &#8211; <\/td>\n<td style=\"width:50.6px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> &#8211; <\/td>\n<td style=\"width:55.74px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> &#8211; <\/td>\n<td style=\"width:50.8px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> &#8211; <\/td>\n<td style=\"width:52.14px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> &#8211; <\/td>\n<td style=\"width:52.74px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> &#8211; <\/td>\n<td style=\"width:53px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> &#8211; <\/td>\n<td style=\"width:50.74px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> &#8211; <\/td>\n<td style=\"width:50.87px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> &#8211; <\/td>\n<td style=\"width:50.67px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> &#8211; <\/td>\n<\/tr>\n<tr>\n<td style=\"width:100.14px;;text-align: left ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> Purchase or sale of treasury shares <\/td>\n<td style=\"width:52.94px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> &#8211; <\/td>\n<td style=\"width:50.14px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> &#8211; <\/td>\n<td style=\"width:50.4px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> &#8211; <\/td>\n<td style=\"width:50.6px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> (0) <\/td>\n<td style=\"width:55.74px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> 0 <\/td>\n<td style=\"width:50.8px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> &#8211; <\/td>\n<td style=\"width:52.14px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> &#8211; <\/td>\n<td style=\"width:52.74px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> &#8211; <\/td>\n<td style=\"width:53px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> &#8211; <\/td>\n<td style=\"width:50.74px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> 0 <\/td>\n<td style=\"width:50.87px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> &#8211; <\/td>\n<td style=\"width:50.67px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> 0 <\/td>\n<\/tr>\n<tr>\n<td style=\"width:100.14px;;text-align: left ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> Share-based payments <\/td>\n<td style=\"width:52.94px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> &#8211; <\/td>\n<td style=\"width:50.14px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> &#8211; <\/td>\n<td style=\"width:50.4px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> &#8211; <\/td>\n<td style=\"width:50.6px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> &#8211; <\/td>\n<td style=\"width:55.74px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> 69 <\/td>\n<td style=\"width:50.8px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> &#8211; <\/td>\n<td style=\"width:52.14px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> &#8211; <\/td>\n<td style=\"width:52.74px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> &#8211; <\/td>\n<td style=\"width:53px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> &#8211; <\/td>\n<td style=\"width:50.74px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> 69 <\/td>\n<td style=\"width:50.87px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> &#8211; <\/td>\n<td style=\"width:50.67px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> 69 <\/td>\n<\/tr>\n<tr>\n<td style=\"width:100.14px;;text-align: left ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> Dividends paid <\/td>\n<td style=\"width:52.94px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> &#8211; <\/td>\n<td style=\"width:50.14px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> &#8211; <\/td>\n<td style=\"width:50.4px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> &#8211; <\/td>\n<td style=\"width:50.6px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> &#8211; <\/td>\n<td style=\"width:55.74px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> (2,641) <\/td>\n<td style=\"width:50.8px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> &#8211; <\/td>\n<td style=\"width:52.14px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> &#8211; <\/td>\n<td style=\"width:52.74px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> &#8211; <\/td>\n<td style=\"width:53px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> &#8211; <\/td>\n<td style=\"width:50.74px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> (2,641) <\/td>\n<td style=\"width:50.87px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> (9) <\/td>\n<td style=\"width:50.67px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> (2,650) <\/td>\n<\/tr>\n<tr>\n<td style=\"width:100.14px;;text-align: left ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> Other <\/td>\n<td style=\"width:52.94px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> &#8211; <\/td>\n<td style=\"width:50.14px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> &#8211; <\/td>\n<td style=\"width:50.4px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> &#8211; <\/td>\n<td style=\"width:50.6px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> &#8211; <\/td>\n<td style=\"width:55.74px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> (0) <\/td>\n<td style=\"width:50.8px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> &#8211; <\/td>\n<td style=\"width:52.14px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> &#8211; <\/td>\n<td style=\"width:52.74px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> &#8211; <\/td>\n<td style=\"width:53px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> &#8211; <\/td>\n<td style=\"width:50.74px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> (0) <\/td>\n<td style=\"width:50.87px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> 23 <\/td>\n<td style=\"width:50.67px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> 22 <\/td>\n<\/tr>\n<tr>\n<td style=\"width:100.14px;;text-align: left ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: bottom ; \"> <strong>AS AT 30 JUNE 2024<\/strong> <\/td>\n<td style=\"width:52.94px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> <strong>105,569,412 <\/strong> <\/td>\n<td style=\"width:50.14px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> <strong>54 <\/strong> <\/td>\n<td style=\"width:50.4px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> <strong>50 <\/strong> <\/td>\n<td style=\"width:50.6px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> <strong>(698)<\/strong> <\/td>\n<td style=\"width:55.74px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> <strong>14,925 <\/strong> <\/td>\n<td style=\"width:50.8px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> <strong>(75)<\/strong> <\/td>\n<td style=\"width:52.14px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> <strong>231 <\/strong> <\/td>\n<td style=\"width:52.74px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> <strong>551 <\/strong> <\/td>\n<td style=\"width:53px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> <strong>14 <\/strong> <\/td>\n<td style=\"width:50.74px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> <strong>15,052 <\/strong> <\/td>\n<td style=\"width:50.87px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> <strong>26 <\/strong> <\/td>\n<td style=\"width:50.67px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> <strong>15,078 <\/strong> <\/td>\n<\/tr>\n<\/table>\n<p>  <\/p>\n<table style=\"border-collapse: collapse; margin-left:0; width:540.65pt; border-collapse:collapse ;\">\n<tr>\n<td style=\"width:100.34px;;text-align: left ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: bottom ; \"> <strong>As at 1 January 2023<\/strong> <\/td>\n<td style=\"width:53px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> <strong>105,569,412 <\/strong> <\/td>\n<td style=\"width:50.14px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> <strong>54 <\/strong> <\/td>\n<td style=\"width:50.4px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> <strong>50 <\/strong> <\/td>\n<td style=\"width:50.6px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> <strong>(674)<\/strong> <\/td>\n<td style=\"width:55.67px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> <strong>12,247 <\/strong> <\/td>\n<td style=\"width:50.8px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> <strong>(85)<\/strong> <\/td>\n<td style=\"width:52.07px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> <strong>303 <\/strong> <\/td>\n<td style=\"width:52.67px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> <strong>521 <\/strong> <\/td>\n<td style=\"width:52.94px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> <strong>25 <\/strong> <\/td>\n<td style=\"width:50.74px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> <strong>12,440 <\/strong> <\/td>\n<td style=\"width:50.8px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> <strong>16 <\/strong> <\/td>\n<td style=\"width:50.74px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> <strong>12,457 <\/strong> <\/td>\n<\/tr>\n<tr>\n<td style=\"width:100.34px;;text-align: left ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> Net income for the first half of 2023 <\/td>\n<td style=\"width:53px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> &#8211; <\/td>\n<td style=\"width:50.14px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> &#8211; <\/td>\n<td style=\"width:50.4px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> &#8211; <\/td>\n<td style=\"width:50.6px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> &#8211; <\/td>\n<td style=\"width:55.67px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> 2,226 <\/td>\n<td style=\"width:50.8px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> &#8211; <\/td>\n<td style=\"width:52.07px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> &#8211; <\/td>\n<td style=\"width:52.67px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> &#8211; <\/td>\n<td style=\"width:52.94px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> &#8211; <\/td>\n<td style=\"width:50.74px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> 2,226 <\/td>\n<td style=\"width:50.8px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> 8 <\/td>\n<td style=\"width:50.74px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> 2,234 <\/td>\n<\/tr>\n<tr>\n<td style=\"width:100.34px;;text-align: left ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> Other comprehensive income for the first half of 2023 <\/td>\n<td style=\"width:53px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> &#8211; <\/td>\n<td style=\"width:50.14px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> &#8211; <\/td>\n<td style=\"width:50.4px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> &#8211; <\/td>\n<td style=\"width:50.6px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> &#8211; <\/td>\n<td style=\"width:55.67px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> &#8211; <\/td>\n<td style=\"width:50.8px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> (1) <\/td>\n<td style=\"width:52.07px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> (116) <\/td>\n<td style=\"width:52.67px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> &#8211; <\/td>\n<td style=\"width:52.94px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> 72 <\/td>\n<td style=\"width:50.74px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> (45) <\/td>\n<td style=\"width:50.8px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> 1 <\/td>\n<td style=\"width:50.74px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> (45) <\/td>\n<\/tr>\n<tr>\n<td style=\"width:100.34px;;text-align: left ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> <strong><em>Comprehensive income for the first half of 2023<\/em><\/strong> <\/td>\n<td style=\"width:53px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> <strong><em>&#8211;<\/em><\/strong> <\/td>\n<td style=\"width:50.14px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> <strong><em>&#8211;<\/em><\/strong> <\/td>\n<td style=\"width:50.4px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> <strong><em>&#8211;<\/em><\/strong> <\/td>\n<td style=\"width:50.6px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> <strong><em>&#8211;<\/em><\/strong> <\/td>\n<td style=\"width:55.67px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> <strong><em>2,226<\/em><\/strong> <\/td>\n<td style=\"width:50.8px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> <strong><em>(1)<\/em><\/strong> <\/td>\n<td style=\"width:52.07px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> <strong><em>(116)<\/em><\/strong> <\/td>\n<td style=\"width:52.67px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> <strong><em>&#8211;<\/em><\/strong> <\/td>\n<td style=\"width:52.94px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> <strong><em>72<\/em><\/strong> <\/td>\n<td style=\"width:50.74px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> <strong><em>2,180<\/em><\/strong> <\/td>\n<td style=\"width:50.8px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> <strong><em>9<\/em><\/strong> <\/td>\n<td style=\"width:50.74px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> <strong><em>2,189<\/em><\/strong> <\/td>\n<\/tr>\n<tr>\n<td style=\"width:100.34px;;text-align: left ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> Change in share capital and share premiums <\/td>\n<td style=\"width:53px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> &#8211; <\/td>\n<td style=\"width:50.14px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> &#8211; <\/td>\n<td style=\"width:50.4px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> &#8211; <\/td>\n<td style=\"width:50.6px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> &#8211; <\/td>\n<td style=\"width:55.67px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> &#8211; <\/td>\n<td style=\"width:50.8px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> &#8211; <\/td>\n<td style=\"width:52.07px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> &#8211; <\/td>\n<td style=\"width:52.67px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> &#8211; <\/td>\n<td style=\"width:52.94px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> &#8211; <\/td>\n<td style=\"width:50.74px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> &#8211; <\/td>\n<td style=\"width:50.8px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> &#8211; <\/td>\n<td style=\"width:50.74px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> &#8211; <\/td>\n<\/tr>\n<tr>\n<td style=\"width:100.34px;;text-align: left ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> Purchase or sale of treasury shares <\/td>\n<td style=\"width:53px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> &#8211; <\/td>\n<td style=\"width:50.14px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> &#8211; <\/td>\n<td style=\"width:50.4px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> &#8211; <\/td>\n<td style=\"width:50.6px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> 4 <\/td>\n<td style=\"width:55.67px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> 1 <\/td>\n<td style=\"width:50.8px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> &#8211; <\/td>\n<td style=\"width:52.07px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> &#8211; <\/td>\n<td style=\"width:52.67px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> &#8211; <\/td>\n<td style=\"width:52.94px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> &#8211; <\/td>\n<td style=\"width:50.74px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> 5 <\/td>\n<td style=\"width:50.8px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> &#8211; <\/td>\n<td style=\"width:50.74px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> 5 <\/td>\n<\/tr>\n<tr>\n<td style=\"width:100.34px;;text-align: left ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> Share-based payments <\/td>\n<td style=\"width:53px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> &#8211; <\/td>\n<td style=\"width:50.14px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> &#8211; <\/td>\n<td style=\"width:50.4px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> &#8211; <\/td>\n<td style=\"width:50.6px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> &#8211; <\/td>\n<td style=\"width:55.67px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> 30 <\/td>\n<td style=\"width:50.8px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> &#8211; <\/td>\n<td style=\"width:52.07px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> &#8211; <\/td>\n<td style=\"width:52.67px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> &#8211; <\/td>\n<td style=\"width:52.94px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> &#8211; <\/td>\n<td style=\"width:50.74px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> 30 <\/td>\n<td style=\"width:50.8px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> &#8211; <\/td>\n<td style=\"width:50.74px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> 30 <\/td>\n<\/tr>\n<tr>\n<td style=\"width:100.34px;;text-align: left ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> Dividends paid <\/td>\n<td style=\"width:53px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> &#8211; <\/td>\n<td style=\"width:50.14px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> &#8211; <\/td>\n<td style=\"width:50.4px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> &#8211; <\/td>\n<td style=\"width:50.6px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> &#8211; <\/td>\n<td style=\"width:55.67px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> (1,376) <\/td>\n<td style=\"width:50.8px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> &#8211; <\/td>\n<td style=\"width:52.07px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> &#8211; <\/td>\n<td style=\"width:52.67px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> &#8211; <\/td>\n<td style=\"width:52.94px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> &#8211; <\/td>\n<td style=\"width:50.74px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> (1,376) <\/td>\n<td style=\"width:50.8px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> (8) <\/td>\n<td style=\"width:50.74px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> (1,384) <\/td>\n<\/tr>\n<tr>\n<td style=\"width:100.34px;;text-align: left ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> Other <\/td>\n<td style=\"width:53px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> &#8211; <\/td>\n<td style=\"width:50.14px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> &#8211; <\/td>\n<td style=\"width:50.4px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> &#8211; <\/td>\n<td style=\"width:50.6px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> &#8211; <\/td>\n<td style=\"width:55.67px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> (31) <\/td>\n<td style=\"width:50.8px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> &#8211; <\/td>\n<td style=\"width:52.07px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> &#8211; <\/td>\n<td style=\"width:52.67px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> &#8211; <\/td>\n<td style=\"width:52.94px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> &#8211; <\/td>\n<td style=\"width:50.74px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> (31) <\/td>\n<td style=\"width:50.8px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> (22) <\/td>\n<td style=\"width:50.74px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> (53) <\/td>\n<\/tr>\n<tr>\n<td style=\"width:100.34px;;text-align: left ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: bottom ; \"> <strong>AS AT 30 JUNE 2023<\/strong> <\/td>\n<td style=\"width:53px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> <strong>105,569,412 <\/strong> <\/td>\n<td style=\"width:50.14px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> <strong>54 <\/strong> <\/td>\n<td style=\"width:50.4px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> <strong>50 <\/strong> <\/td>\n<td style=\"width:50.6px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> <strong>(670)<\/strong> <\/td>\n<td style=\"width:55.67px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> <strong>13,097 <\/strong> <\/td>\n<td style=\"width:50.8px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> <strong>(86)<\/strong> <\/td>\n<td style=\"width:52.07px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> <strong>188 <\/strong> <\/td>\n<td style=\"width:52.67px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> <strong>521 <\/strong> <\/td>\n<td style=\"width:52.94px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> <strong>96 <\/strong> <\/td>\n<td style=\"width:50.74px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> <strong>13,249 <\/strong> <\/td>\n<td style=\"width:50.8px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> <strong>(5)<\/strong> <\/td>\n<td style=\"width:50.74px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> <strong>13,244 <\/strong> <\/td>\n<\/tr>\n<\/table>\n<p><strong>CONSOLIDATED STATEMENT OF CASH FLOWS<\/strong><\/p>\n<table style=\"border-collapse: collapse; margin-left:0; border-collapse:collapse ;\">\n<tr>\n<td style=\"width:406.4px;;text-align: left ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: bottom ; \"> <em>In millions of euros<\/em> <\/td>\n<td style=\"width:85.6px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: bottom ; \"> <strong>H1 2024<\/strong> <\/td>\n<td style=\"width:102.14px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: bottom ; \"> <strong>H1 2023<\/strong> <\/td>\n<\/tr>\n<tr>\n<td style=\"width:406.4px;;text-align: left ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> Net income attributable to owners of the parent <\/td>\n<td style=\"width:85.6px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> 2,368 <\/td>\n<td style=\"width:102.14px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> 2,226  <\/td>\n<\/tr>\n<tr>\n<td style=\"width:406.4px;;text-align: left ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> Depreciation and amortisation of fixed assets, right-of-use assets and impairment losses <\/td>\n<td style=\"width:85.6px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> 383 <\/td>\n<td style=\"width:102.14px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> 344  <\/td>\n<\/tr>\n<tr>\n<td style=\"width:406.4px;;text-align: left ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> Foreign exchange gains\/(losses) on fair value adjustments <\/td>\n<td style=\"width:85.6px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> (19) <\/td>\n<td style=\"width:102.14px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> 62  <\/td>\n<\/tr>\n<tr>\n<td style=\"width:406.4px;;text-align: left ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> Change in provisions <\/td>\n<td style=\"width:85.6px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> 2 <\/td>\n<td style=\"width:102.14px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> 26  <\/td>\n<\/tr>\n<tr>\n<td style=\"width:406.4px;;text-align: left ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> Net income from associates <\/td>\n<td style=\"width:85.6px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> (16) <\/td>\n<td style=\"width:102.14px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> (43) <\/td>\n<\/tr>\n<tr>\n<td style=\"width:406.4px;;text-align: left ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> Net income attributable to non-controlling interests <\/td>\n<td style=\"width:85.6px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> 10 <\/td>\n<td style=\"width:102.14px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> 8  <\/td>\n<\/tr>\n<tr>\n<td style=\"width:406.4px;;text-align: left ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> Capital gains or losses on disposals and impact of changes in scope of consolidation <\/td>\n<td style=\"width:85.6px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> 52 <\/td>\n<td style=\"width:102.14px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> 0  <\/td>\n<\/tr>\n<tr>\n<td style=\"width:406.4px;;text-align: left ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> Deferred tax expense <\/td>\n<td style=\"width:85.6px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> (5) <\/td>\n<td style=\"width:102.14px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> (25) <\/td>\n<\/tr>\n<tr>\n<td style=\"width:406.4px;;text-align: left ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> Accrued expenses and income related to share-based payments <\/td>\n<td style=\"width:85.6px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> 69 <\/td>\n<td style=\"width:102.14px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> 30  <\/td>\n<\/tr>\n<tr>\n<td style=\"width:406.4px;;text-align: left ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> Dividend income <\/td>\n<td style=\"width:85.6px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> (16) <\/td>\n<td style=\"width:102.14px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> (12) <\/td>\n<\/tr>\n<tr>\n<td style=\"width:406.4px;;text-align: left ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> Other <\/td>\n<td style=\"width:85.6px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> (0) <\/td>\n<td style=\"width:102.14px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> (0) <\/td>\n<\/tr>\n<tr>\n<td style=\"width:406.4px;;text-align: left ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> <strong>Operating cash flows<\/strong> <\/td>\n<td style=\"width:85.6px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> <strong>2,829<\/strong> <\/td>\n<td style=\"width:102.14px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> <strong>2,615 <\/strong> <\/td>\n<\/tr>\n<tr>\n<td style=\"width:406.4px;;text-align: left ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> Change in working capital requirements <\/td>\n<td style=\"width:85.6px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> (584) <\/td>\n<td style=\"width:102.14px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> (509) <\/td>\n<\/tr>\n<tr>\n<td style=\"width:406.4px;;text-align: left ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> <strong>CASH FLOWS RELATED TO OPERATING ACTIVITIES (A)<\/strong> <\/td>\n<td style=\"width:85.6px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> <strong>2,244<\/strong> <\/td>\n<td style=\"width:102.14px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> <strong>2,106 <\/strong> <\/td>\n<\/tr>\n<tr>\n<td style=\"width:406.4px;;text-align: left ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> Operating investments <\/td>\n<td style=\"width:85.6px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> (319) <\/td>\n<td style=\"width:102.14px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> (249) <\/td>\n<\/tr>\n<tr>\n<td style=\"width:406.4px;;text-align: left ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> Acquisitions of consolidated shares <\/td>\n<td style=\"width:85.6px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> (218) <\/td>\n<td style=\"width:102.14px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> (73) <\/td>\n<\/tr>\n<tr>\n<td style=\"width:406.4px;;text-align: left ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> Acquisitions of other financial assets <\/td>\n<td style=\"width:85.6px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> (28) <\/td>\n<td style=\"width:102.14px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> (24) <\/td>\n<\/tr>\n<tr>\n<td style=\"width:406.4px;;text-align: left ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> Disposals of operating assets <\/td>\n<td style=\"width:85.6px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> 0 <\/td>\n<td style=\"width:102.14px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> 0  <\/td>\n<\/tr>\n<tr>\n<td style=\"width:406.4px;;text-align: left ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> Disposals of consolidated shares and impact of losses of control <\/td>\n<td style=\"width:85.6px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> &#8211; <\/td>\n<td style=\"width:102.14px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> &#8211; <\/td>\n<\/tr>\n<tr>\n<td style=\"width:406.4px;;text-align: left ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> Disposals of other financial assets <\/td>\n<td style=\"width:85.6px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> &#8211; <\/td>\n<td style=\"width:102.14px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> &#8211;  <\/td>\n<\/tr>\n<tr>\n<td style=\"width:406.4px;;text-align: left ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> Change in payables and receivables related to investing activities <\/td>\n<td style=\"width:85.6px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> (80) <\/td>\n<td style=\"width:102.14px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> (12) <\/td>\n<\/tr>\n<tr>\n<td style=\"width:406.4px;;text-align: left ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> Dividends received <\/td>\n<td style=\"width:85.6px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> 19 <\/td>\n<td style=\"width:102.14px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> 26  <\/td>\n<\/tr>\n<tr>\n<td style=\"width:406.4px;;text-align: left ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> <strong>CASH FLOWS RELATED TO INVESTING ACTIVITIES (B)<\/strong> <\/td>\n<td style=\"width:85.6px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> <strong>(626)<\/strong> <\/td>\n<td style=\"width:102.14px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> <strong>(333)<\/strong> <\/td>\n<\/tr>\n<tr>\n<td style=\"width:406.4px;;text-align: left ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> Dividends paid <\/td>\n<td style=\"width:85.6px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> (2,650) <\/td>\n<td style=\"width:102.14px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> (1,384) <\/td>\n<\/tr>\n<tr>\n<td style=\"width:406.4px;;text-align: left ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> Repayment of lease liabilities <\/td>\n<td style=\"width:85.6px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> (149) <\/td>\n<td style=\"width:102.14px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> (137) <\/td>\n<\/tr>\n<tr>\n<td style=\"width:406.4px;;text-align: left ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> Treasury share buybacks net of disposals <\/td>\n<td style=\"width:85.6px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> (0) <\/td>\n<td style=\"width:102.14px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> 4  <\/td>\n<\/tr>\n<tr>\n<td style=\"width:406.4px;;text-align: left ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> Borrowing subscriptions <\/td>\n<td style=\"width:85.6px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> &#8211; <\/td>\n<td style=\"width:102.14px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> 0  <\/td>\n<\/tr>\n<tr>\n<td style=\"width:406.4px;;text-align: left ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> Repayment of borrowings <\/td>\n<td style=\"width:85.6px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> (1) <\/td>\n<td style=\"width:102.14px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> (0) <\/td>\n<\/tr>\n<tr>\n<td style=\"width:406.4px;;text-align: left ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> Other equity transactions <\/td>\n<td style=\"width:85.6px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> 2 <\/td>\n<td style=\"width:102.14px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> 0  <\/td>\n<\/tr>\n<tr>\n<td style=\"width:406.4px;;text-align: left ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> <strong>CASH FLOWS RELATED TO FINANCING ACTIVITIES (C)<\/strong> <\/td>\n<td style=\"width:85.6px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> <strong>(2,799)<\/strong> <\/td>\n<td style=\"width:102.14px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> <strong>(1,517)<\/strong> <\/td>\n<\/tr>\n<tr>\n<td style=\"width:406.4px;;text-align: left ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> Foreign currency translation adjustment (D) <\/td>\n<td style=\"width:85.6px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> 33 <\/td>\n<td style=\"width:102.14px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> (153) <\/td>\n<\/tr>\n<tr>\n<td style=\"width:406.4px;;text-align: left ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> <strong>CHANGE IN NET CASH POSITION (A) + (B) + (C) + (D)<\/strong> <\/td>\n<td style=\"width:85.6px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> <strong>(1,147)<\/strong> <\/td>\n<td style=\"width:102.14px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> <strong>103<\/strong> <\/td>\n<\/tr>\n<tr>\n<td style=\"width:406.4px;;text-align: left ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> Net cash position at the beginning of the period <\/td>\n<td style=\"width:85.6px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> 10,625 <\/td>\n<td style=\"width:102.14px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> 9,223  <\/td>\n<\/tr>\n<tr>\n<td style=\"width:406.4px;;text-align: left ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> Net cash position at the end of the period <\/td>\n<td style=\"width:85.6px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> 9,477 <\/td>\n<td style=\"width:102.14px;;text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle ; \"> 9,326  <\/td>\n<\/tr>\n<\/table>\n<p id=\"gnw_attachments_section-header\">\n    <strong>Attachment<\/strong>\n<\/p>\n<ul id=\"gnw_attachments_section-items\">\n<li>\n        <a target=\"_blank\" href=\"https:\/\/www.globenewswire.com\/Tracker?data=2UP9hAEWuFBqJ9dATV2RSO7A1ZvegZoxkfCsxaVsb-5K-XuJQpAEYNMPHdrcaM56I1MDMtAWTHvtrQkXF4hSiOgSyV-nLpOfrqwo3w-NNYsBYuuWFoQZhxk8MI_IQS6mQ6x8CGcENdlMM6UqwQV8MyQSQmZxoMYj03ziSMZ9Cm9RmrXTrlYNEV0qmnR3ok9MUZksC8LrnOs66Bntezik4Q==\" title=\"hermes_20240725_pr_2024firsthalfresults_va\" rel=\"nofollow noopener\">hermes_20240725_pr_2024firsthalfresults_va<\/a>\n      <\/li>\n<\/ul>\n<p><img decoding=\"async\" src=\"https:\/\/ml-eu.globenewswire.com\/media\/NDU2MTUzZjUtYzRlMS00MmU1LWI5ZTEtODlmZDNlNjhmNDBlLTEwMTExMzE=\/tiny\/Herm-s-International.png\" referrerpolicy=\"no-referrer-when-downgrade\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Half-year information report as at the end of June 2024 Robust sales and results in the first halfRevenue amounted to \u20ac7.5 billion(Revenue increased by 15% at constant rates and by 12% at current rates) Recurring operating income reached \u20ac3.1 billion (i.e. 42% of sales) Paris, 25 July 2024 The group\u2019s consolidated revenue in the [&#8230;]\n","protected":false},"author":1,"featured_media":57657,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-57656","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-people"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.6 (Yoast SEO v21.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Herm\u00e8s International: 2024 Half-year Results - Biz and Live in Saigon<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/english.saigonbiz.com\/vn\/hermes-international-2024-half-year-results\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Herm\u00e8s International: 2024 Half-year Results\" \/>\n<meta property=\"og:description\" content=\"\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Half-year information report as at the end of June 2024 Robust sales\" \/>\n<meta property=\"og:url\" content=\"https:\/\/english.saigonbiz.com\/vn\/hermes-international-2024-half-year-results\/\" \/>\n<meta property=\"og:site_name\" content=\"Biz and Live in Saigon\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/SaigonbizGroup\" \/>\n<meta property=\"article:published_time\" content=\"2024-07-26T00:04:04+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/english.saigonbiz.com\/vn\/wp-content\/uploads\/2024\/07\/Herm-s-International.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1\" \/>\n\t<meta property=\"og:image:height\" 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