Buoyant growth in the first half: +12.4%

18/07/06 - In EUR millions and under IFRS

 

Organic growth of 7% in the second quarter of 2006

 

Audika Group generated revenue of EUR 21.3 million in the second quarter, up 11.6% (7.0% organic growth), thus meeting its growth targets for the period. Given their recent integration within the Group scope, the new centers acquired in 2006 only slightly contributed to total revenue in the second quarter.

 

In EUR millions and under IFRS	2005	2006	Change
First quarter	16.0	18.2	+13.3%
Second quarter	19.1	21.3	+11.6%
First half	35.1	39.5	+12.4%

 

Half-yearly performance in the middle of the target range

 

Revenue for the first half of the year totaled EUR 39.5 million, i.e. growth of 12.4%, in line with the Group’s development plan. Posting organic growth of 7.7% for the first six months of the year, Audika regained its growth rate seen in past years, as expected, and surpassed market performance.

 

 

2006 targets confirmed

 

Over the next few months, Audika Group will continue to base its expansion on buoyant organic growth and the gradual development of the centers acquired in 2005. The Group has therefore confirmed its revenue growth target of between 10% and 15%.

 

This growth will pick up with the development of the centers acquired or integrated in the first half of 2006, whose fullyear impact is estimated at EUR 2 million.

 

In a move to harness the full potential of the brand, the irrefutable market leader, Audika will also pursue its active policy of network expansion. With 19 centers acquired or created and 10 franchised centers integrated at the end of June 2006, compared with 26 in 2005, Audika confirmed its capacity to maintain a high growth rate with a view to reaching its mediumterm target of 500 centers across France.

 

Audika will present its half-yearly results for 2006 on September 26, 2006.

 

 

About Audika:

 

With nearly 320 centers in 76 different regions and a 13% 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 environment, Audika aims to consolidate its leadership in a sector that remains very highly fragmented. Audika is listed on the Eurolist SMALL 90, compartment B.

 

For further information on Audika, please contact: www.audika.com

 

ISIN FR0000063752-ADI

Reuters DIKA.PA

Bloomberg ADI

Number of shares: 9,450,000



Audika contacts: Alain Tonnard / Etienne Sirand-Pugnet on +33 (0)1 55 37 30 30

Kaparca Finance contact : Guillaume Le Floch on +33 (0)1 72 74 82 25



KAPARCA FINANCE - 18/07/06