SII has published sales of 538 ME for the 1st quarter of the 23/24 financial year, up 12.8% on the same period a year earlier and in line with announced targets.

"In a difficult context marked by a calendar offering 3 fewer working days, a slowdown in economic conditions and a delicate geopolitical context, this performance is noteworthy", notes the company.

At the same time, operating income rose by 9.9% to 49.8 ME, while net income (Group share) was 41 ME (+18.1%).

SII points out that, in view of the changing geopolitical and economic climate worldwide, it is difficult to project beyond the current quarter.

The SII Group confirms that it expects to achieve growth of between 7 and 10% for the third quarter of the 2023/2024 financial year.

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