>Gradually recovering from Argentina’s devaluation - Revenues increased 1% y-o-y in Q3 (vs +5% in Q2, -1% in Q1 and -20% in Q4) to € 525m, broadly aligned with our estimates and the consensus, with a still very negative forex impact (-21pp this quarter vs -41pp in Q2, -49pp in Q1 and -60pp in Q4). This headline sales soft evolution is mainly due to the impact derived from the Argentine peso devaluation in late December 2023 and its translation to the accounts with IA...
>Gradually recovering from Argentina’s devaluation - Revenues increased 5% y-o-y in Q2 (vs -1% in Q1, -20% in Q4 and -3% in Q3) to € 528m, broadly aligned with our estimates and the consensus, with a very negative forex impact (-41pp this quarter vs -49pp in Q1 and -60pp in Q4). This headline sales soft evolution is mainly due to the impact derived from the Argentine peso devaluation in late December 2023 and its translation to the accounts with IAS 29 hyperinflation...
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