PRESS RELEASES
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April 28 2004
Turnover for the 3nd quarter of the 2003/2004 financial year
   

(Financial year 1st July – 30th June).

   

Turnover (excluding tax) in thousands of euros.

   
2002/2003
2003/2004
 
Parent Company
Financial income
1st quarter
21
46
 
2nd quarter
56
7,244
 
3nd quarter
61
147
 
 
138
7,437
 
 
Consolidated group
Turnover
1st quarter
96,706
100,099
+ 3.5 %
2nd quarter
170,341
177,799
+ 4.4 %
3nd quarter
126,494
134,280
+ 6.2 %

393,541
412,178
+ 4.7 %

The Damartex group posted turnover of € 134.3 million in the third quarter, up by 6.2% and generated mainly in France. The group's growth was due essentially to the improvement in the service rate.

   

Nine-month sales to the end of March came to € 412.2 million, up by 4.7% on a reported basis and by 7.1% on a comparable basis.

Growth in France remained steady at 8.3%. In both mail-order and in-store sales, growth remained similar to that recorded in the first half (autumn-winter).

Business in the United Kingdom stabilised in the third quarter, bringing growth for the first nine months down to 8.8% at constant exchange rates.
In Belgium, sales progressed again in the third quarter bringing growth since the beginning of the financial year to 7.1%.

In Japan, third-quarter sales were up by 4.1%, thus reducing the decline in sales since the beginning of the financial year to 3.5% at constant exchange rates.

Turnover grew by 1.9% in Switzerland in the third quarter, despite a still unfavourable base effect, but is nonetheless still down by 7.2% at constant exchange rates compared with the previous year.

Consumer trends remain difficult for the fourth quarter.

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