Turnover (excluding tax) in thousands of euros.

The Damartex group's turnover grew by 4.1% in the first half of 2003/2004. The increase was 7.1% at constant exchange rates

These results confirm the trend observed in the first three months of the year. Growth in group sales accelerated in the second quarter, which accounted for 64% of first-half turnover, even though weather conditions were less favourable for our thermal product line than last year.

Sales in France rose by 8.2%. The strong performance was confirmed in mail-order sales and store sales increased significantly. Internet sales, although still small, posted double-digit growth, which holds promise for the future.

In Belgium, where the majority of sales are made through the store network, turnover grew strongly in the second quarter bringing growth for the first half to almost 3%. Sales in Switzerland dropped by 11% after rising by 71% in 2002/2003.

The performance in Japan improved in the second quarter. At constant scope and exchange rates, first-half sales were down by 6.9% compared with the same period the previous year, when they had recorded growth of 16%.

Sales grew by 12.6% at constant exchange rates in Great Britain.

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