Nine-month 2025 sales totaled €5,664m, stable year-over-year on a like-for-like basis and down 1.1% reported; Q3 sales were €1,916m, down 1.2% LFL and 3.5% reported.
Operating Result from Activity (ORFA/ORfA/ROPA) for nine months was €267m, down 39.8% year-over-year, with a margin of 4.7%; Q3 ORFA was €148m, down €52m year-over-year.
A comprehensive turnaround plan was launched, targeting €200m in recurring savings by 2027, focusing on innovation, digitalization, and organizational simplification.
Currency effects, especially euro appreciation, negatively impacted results, with a €124m adverse effect over nine months.
9-month sales: €5,664m (+0.0% LFL), Q3 sales: €1,916m (-1.2% LFL); currency effect was -2.2% on sales for 9 months.
9-month ORFA: €267m (-39.8% vs 2024), Q3 ORFA: €148m (-26.2% vs 2024); 9-month operating margin: 4.7% (-310 bps vs 2024); Q3 margin: 7.7% (-240 bps vs 2024).
Professional segment sales: €730m (+0.5% reported, -7.9% LFL); Consumer segment: €4,934m (-1.3% reported, +1.2% LFL).
Negative currency impact of nearly €50m to €124m for the first nine months, mainly from emerging market currencies and weaker USD/CNY.
North America saw a €20m decline in Q3, with continued inventory and volume pressures.
Full-year 2025 organic sales growth expected to be stable to slightly positive.
Full-year ORFA/ROPA forecasted at €550–600m, revised down from €700–750m.
Q4 is critical, with focus on product launches, marketing, and cost reduction.
Plan to restore profitable growth and margin standards by 2027, with more details in early 2026.
Cost-saving plan targeting €200m recurring savings by 2027, with reinvestment in innovation, AI, and digital.
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