Sales for the year ended came to €539.1M, down by 3.3%.

France fell by 4.4% with international sales down by 1.6% following contrasting performances in the different countries : growth in Belgium, pratically flat in the UK and falls in Switzerland and Japan.

The declines in sales in France, the company's biggest market, comes mainly after slow consumer spending in textiles due to the poor weather conditions (exceptionally warm for the whole of the autumn-winter season, followed by exceptionally cold temperatures at the end of the spring-summer season). Futhermore, the base effect was unfavourable at the end of the year because the big promotional campaigns run over the same period last year were not renewed.

All these negative factors combine to explain the fall in the last quater that eclipsed the success of the new collections after an excellent start to the spring-summer season.

As announced in the published half yearly accounts, results for the second half should be up on last year for the same period. However, this increase will not be enoughto make up for the loss recorded in the first half.

July 27th 2007

Note
Damartex is one of Europe's leading distributors of clothing and accessories for the senior market. The company sells through catalogues (mail order) and shops and has its main markets in France, the UK and Belgium.

Contacts
Damartex: Jacques Taccoen – Tel: +33/0 320 11 45 30
Shan: François-Xavier Dupont – Tel: +33/0 144 50 58 74

Agenda
Publication of results for the year: Tuesday september 11th 2007

http://www.damartex.com

<< back