Sustained dynamic growth over the first half of 2003

05/08/03 - +31.6% to EUR 25 million

 

EUR 13.6 million in sales in Q2 2003

 

Growth for Audika Group remained buoyant throughout the second quarter of 2003. Over the period, sales stood at EUR 13.6 million, up by 31% on Q2 2002. Organic growth for Audika came in at +11.3%, in line with the company's yearly targets.

 

 

Growth of +31.6% over the first six months of the year

 

For the first six months of 2003, Audika realized sales of EUR 25.1 million, a strong increase on the first half of 2002 (+31.6%). Throughout the period, organic growth benefited from the Group's heightened marketing policy to stand at +13.3%.

 

 

Confirmation of targets for 2003: over EUR 51 million in sales and a further improvement in profitability

 

Given the Group's strong performance over the first half of 2003, Audika has confirmed that it is confident in meeting its yearly targets. For 2003 as a whole, Audika has set itself a minimal target in terms of sales of EUR 51 million (excluding any new acquisitions) and aims to further improve on its operating profitability.

 

 

High visibility in the medium-term

 

In keeping with its dynamic growth strategy, Audika fully intends to complement its buoyant organic growth with an acquisitions strategy that will enable it to continue to build on its nationwide network. In fact, several acquisitions are scheduled for completion between now and the end of the year.

 

In the medium-term and given the number of targets already identified, Audika enjoys a high degree of visibility as regards its acquisitions program for 2004.

 

Audika will publish its half-yearly results for 2003 on October 21, 2003

 

 

About Audika:

 

With some 250 centers in 71 different regions and an 11% market share, Audika is the number one network offering hearing correction consulting and solutions in France. Positioned on the market for hearing correction solutions for senior citizens, which is not affected by changes in the economic situation, Audika aims to consolidate its leadership in a sector that remains very highly fragmented.

 

Audika is listed on the Nextprime, MidCAC and Second Marché indexes.

 

Audika contact, Alain Tonnard on +33 (0)1 55 37 30 30

Equity Conseil contact, Etienne Sirand-Pugnet on +33 (0)1 45 22 22 30



ISIN FR0000063752-ADI

Reuters DIKA.PA

Bloomberg ADI

Number of shares: 3 150 000



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05/08/03



Equity Conseil/DDB Group