Amounts are expressed in millions of euros and rounded off to the nearest million. Ratios and variances are calculated based on underlying amounts, not rounded off amounts.
Consolidated sales for the first nine months of 2017 totaled €2,513 million, up 15.3% versus the same period ended September 30, 2016.
The Mont-Blanc Materne (MOM) Group accounted for €312 million, or 14.3%, of the growth. Foreign exchange fluctuations for the period reduced sales growth by €34 million, or 1.5%. Excluding the negative foreign exchange impact and the positive impact form the change in the scope of consolidation, sales increased 2.5% in the first nine months of 2017, versus the prior year period.
Third-quarter 2017 sales came to €847 million, up 16% compared to Q3 2016. Excluding the impact of changes in the scope of consolidation and the foreign exchange impact, sales grew 5.0% in the third quarter.
By geographical region, the sales trend was as follows: