Q2 23 was broadly in line with expectation. Flat organic sales reflected strong growth for robotic lawn mowers, including a gain in market shares, an improvement in sales of watering products late in the quarter and a decrease in the Construction business. The restated operating margin improved (+0.5pt to 13.6% of sales) thanks to lower raw material and logistics costs. The positive effect of price increases was lower than in Q1 23 and volume continued to decrease.
