PRESS RELEASES

  
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October 29, 2004

Turnover for the 1st quarter of the 2004/2005 financial year

  
   

Turnover (excluding tax) in thousands of euros.

  
   
2003/2004
2004/2005
  
Parent company
Financial income
1st quarter
46
190
  
 
Consolidated group
Turnover
1st quarter
100,099
95,003
- 5.1 %

The turnover of the first quarter comes out again to 95.0 M€, decreasing of 5.1% (6.2% to constant exchange rates), which decrease translates evolutions contrasted according to the country. France moves back 6,9%, and United Kingdom of 5.1% (8.8% to constant exchange rates). Belgium, on the other hand, progress of 5.4% and Switzerland of 4,9% (4.3% to constant exchange rates) . Japan doesn't represent on the first quarter that 1.7 million € of turnover (2.1 millions at the time of the previous exercise). The fold of the activity results for part from circumstantial factors: lenient temperatures and general slowing of the consumption in September.
The first quarter, of which the growth accumulated on the last three exercises was of 55%, represent 20% of the yearly activity again only. The second and third quarters stay determinants.

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