PRESS RELEASES
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    07.30.03
   
Turnover for the 4th quarter of the 2002/2003 financial year
    Turnover (excluding tax) in thousands of euros.
   
Pro forma
     
   
Parent Company
2001/2002
2002/2003
 
       
Financial income
 
1st quarter
-
21
 
2nd quarter
-
56
 
3rd quarter
-

61

 
4th quarter  
51
 
189
 
Consolidated Group
     
Turnover
 
1st quarter
89.032
96.706
+ 8.6%
2nd quarter
173.454
170.341
- 1.8%
3rd quarter
114.156
126.494
+10.8%
4th quarter
83.948
94.607
+12.7%
 
460.590
488.148
+ 6%
     
   

After a slight rise of 1.7% in the first quarter (Autumn/Winter), following a slowdown in business at the end of the year, Damartex sales for the Spring/Summer season increased by 11.6% (+15.8% with the same consolidation scope).
For the year as a whole the turnover increased by 6% and by 9.2% with the same consolidation scope and excluding currency variations.
Summer sales in France went up by 21.8%, bringing the overall annual increase to 10%.
Turnover in England for the Summer season rose by 4% in local currency but its contribution to the consolidated turnover was adversely impacted by the rate of the euro. For the year as a whole, its turnover in euros fell by 3.1%.
In Japan, the Summer season was up by 6% in yen. In euros, its turnover was down due to the decrease in the value of the yen and its contribution to the Group's annual turnover fell by 7.4%.
The Summer figures for Belgium and Switzerland rose by 21% and 13%, respectively .

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