PRESS RELEASES

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Turnover for the 2nd quarter of the 2002/2003 financial year.
     
    Turnover (excluding tax) in thousands of euros.
     
   
   
Pro forma
Parent company
2002/2003
2001/2002
Financial income
1st quarter
2nd quarter

21
56
77


-
-

Consolidated Group
Turnover
1st quarter
2nd quarter

96,706
170,161
266,867

89,032
173,454
262,486
     
    The consolidated turnover for the 1st six months amounted to 266.9 million euros, up 1.7% over the previous year.

In the 2nd quarter, turnover fell by 1.9%.

Figures for France were down by 2.7%, mainly due to a difficult month of November.

On the international front, sales for the 2nd quarter increased by 1.2% with good performances achieved in Belgium and Switzerland.

The slowdown in England continued and business decreased in the 2nd quarter. The six-month period ended with figures reflecting a slight increase of 1.4%, based on constant exchange rates.

Japan was adversely affected by the exchange rate (-8.2%). Based on constant exchange rates, sales as of the end of December were stable.

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