Highco

Q1 2021 Gross Profit

Aix-en-Provence, 21 April 2021 (6.00 p.m.)

HIGHCO: RETURN TO BUSINESS GROWTH IN Q1 (GP UP 2.2%); STRONGER GROWTH EXPECTED IN Q2 (BETWEEN 6% AND 8%)

Business growth in Q1 2021

• Q1 2021 gross profit¹ of €18.59 M, up 2.2% on a reported basis and LFL².
• Growth in digital businesses: Q1 LFL up 2.3%.
• Buoyant activity in France: Q1 LFL up 4.5% (86% of Group gross profit).
• Decline in International business: Q1 LFL down 10.1% (14% of Group gross profit).

Growth in Q2 2021 expected between 6% and 8%; 2021 guidance confirmed

HighCo Venturi startup studio: update on innovative retail tech projects

2020 Annual Financial Report and Annual General Meeting on 17 May 2021

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(€ M)	2021	2020 LFL2	2021/2020 LFL2 change
Q1 Gross Profit1	18.59	18.19	+2.2%

¹ Unaudited data.
² Like for like: Based on a comparable scope and at constant exchange rates (i.e. applying the average exchange rate over the period to data from the compared period).

Didier Chabassieu, Chairman of the Management Board, stated, “In today’s still very complex health and economic environment, HighCo has resumed growth, with a first quarter up by 2.2%. This growth is driven by the strong performance in France (up 4.5%) and other factors including the sharp rise in the use of digital coupons on Click & Collect sites. This positive business trend is expected to continue in the second quarter, with growth in gross profit between 6% and 8%, mainly driven by Mobile business, the higher number of coupons cleared, and the business recovery in Belgium. The Group is also moving forward in its innovation strategy through its retail tech startup studio.”

BUSINESS GROWTH IN Q1 2021

In today’s still challenging health and economic environment, HighCo resumed growth in Q1 2021 and posted a 2.2% increase in gross profit to €18.59 M thanks to the good performance in France.

Up 2.3%, Digital supported this growth, and its share of total Group business climbed 10 basis points from the end of March 2020 to the end of March 2021, to reach 62.6%.
Offline businesses held up well and grew by 2%.

France: buoyant business

FRANCE

Gross Profit (in € M)

2021/2020 LFL change

% Total gross profit