The Company’s operating segments are reported in a manner consistent with the internal reporting provided to and regularly reviewed by the chief operating decision maker (“CODM”), the Chief Executive Officer (“CEO”), and are aligned to the four geographical hubs that the Company operates in: Americas, Europe, ASPA, and MEAI. Due to the materiality, ASPA and MEAI are aggregated into one reportable segment APMA (“Asia Pacific, Middle East, Africa”). As such the Company has three reportable segments – Americas, Europe and APMA. Additionally, the Company has a Corporate / Other revenue and expenses, which primarily consists of non-core activities from the cosmetics and sleeping systems businesses, as well as other administrative costs that are not charged to the operating segments and realized foreign exchange gains and losses. The CODM uses the measure of adjusted EBITDA to assess operating segments’ performance to make decisions regarding the allocation of resources.

The adjustments to EBITDA relate to realized and unrealized foreign exchange gain / (loss), initial public offering ("IPO")-related costs, share-based compensation and other adjustments relating to non-recurring items.

As of March 31, 2023, the Company changed its internal reporting to the CODM to report results prepared in accordance with IFRS.

Assets and liabilities are neither reported nor reviewed by the CODM at the operating segment level.


	Three months ended March 31, 2024
(In thousands of Euros)	Americas		Europe		APMA		Total Reportable Segments		Corporate / Other			Total
Revenue		254,046		175,542		50,709		480,297		947			481,244
Adjusted EBITDA		93,098		57,965		14,720		165,783		(3,486	)		162,297
IPO-related costs													(166	)
Realized and unrealized FX gains / losses													(5,483	)
Share-based compensation expenses													-
Other													—
EBITDA													156,648
Depreciation and amortization													(24,137	)
Finance cost, net													(27,389	)
Profit before tax													105,122


	Three months ended March 31, 2023
(In thousands of Euros)	Americas		Europe		APMA		Total Reportable Segments		Corporate / Other			Total
Revenue		213,551		144,253		36,409		394,213		1,470			395,683
Adjusted EBITDA		99,203		41,560		12,244		153,006		(1,020	)		151,986
IPO-related costs													(4,149	)
Realized and unrealized FX gains / losses													(16,924	)
Share-based compensation expenses													(3,268	)
Other													(4,156	)
EBITDA													123,489
Depreciation and amortization													(20,157	)
Finance cost, net													(29,566	)
Profit before tax													73,766


	Six months ended March 31, 2024
(In thousands of Euros)	Americas	Europe	APMA	Total Reportable Segments	Corporate / Other	Total
Revenue	435,499	255,676	90,187	781,362	2,806	784,168
Adjusted EBITDA	144,651	81,102	26,904	252,657	(9,004)	243,653
IPO-related costs						(7,460)
Realized and unrealized FX gains / losses						(17,138)
Share-based compensation expenses						(3,591)
Other						—
EBITDA						215,464
Depreciation and amortization						(47,384)
Finance cost, net						(63,439)
Profit before tax						104,641


	Six months ended March 31, 2023
(In thousands of Euros)	Americas	Europe	APMA	Total Reportable Segments	Corporate / Other	Total
Revenue	373,351	204,770	63,321	641,442	2,731	644,173
Adjusted EBITDA	153,835	55,052	18,332	227,219	(2,838)	224,381
IPO-related costs						(9,492)
Realized and unrealized FX gains / losses						(47,754)
Share-based compensation expenses						(3,268)
Other						(5,724)
EBITDA						158,143
Depreciation and amortization						(40,574)
Finance cost, net						(54,664)
Profit before tax						62,906