Strong acceleration in growth in Q2 2007

24/07/07 - +16.6%, including internal growth of +11.6%

 

Organic growth of 11.6% in the second quarter of 2007

 

Audika Group sharply increased its growth in the second quarter posting revenues of EUR 24.7 million, up 16.6%, including internal growth of 11.6%. With this progression which is significantly above the market as a whole, Audika is reaping the rewards of its aggressive marketing strategy and the regular increase in brand awareness and geographical coverage.

 

Moreover, this performance does not include the contribution of the network of ten centers acquired in April which will be consolidated as of the third quarter with retroactive effect from April 1, 2007.

 

In EUR thousands	2006	2007	Change
First quarter	18.055	19.970	+10.6%
Second quarter	21.210	24.720	+16.6%
First Half	39.265	44 690	+13.8%

 

Half-yearly revenues up 13.8%

 

Revenues for the first half of the year totaled EUR 44.7 million, up 13.8% and perfectly in line with the Group’s targets. With internal growth of 9.1% over the first six months of the year, Audika is confirming the acceleration of its development in a high-growth market.

Seven new centers added to the network in France

 

As planned, Audika Group is continuing to adopt an active network expansion strategy. As such, the Group is announcing the confirmation of five new acquisitions: three in the Paris region, one in Provence Alpes Cote d’Azur and one in Rhône Alpes. In the Rhône Alpes region, Audika is opening its first center in the Drome regional department, in Valence. These centers will generate additional revenues of EUR 1.4 million over a full year.

 

Audika also set up two new centers, one in the Pays de Loire region and the other in Midi Pyrenees. The Group is therefore actively pursuing its target of complete network coverage in line with its strategy.

 

Following these transactions, Audika Group has added 30 centers to its network (24 acquisitions and 6 new centers) since the beginning of the year. Audika has 345 centers in 80 French regional departments, thereby confirming the Group’s market leadership in France.

 

Taking into account the impact of these new acquisitions, Audika Group is setting its new revenue target for 2007 at over EUR 91 million.

 

Audika will present its half-yearly results for 2007 on September 4, 2007.

 

 

About Audika:

 

With 345 centers in 80 different regions and a market share of 13%, 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.

 

If you would like to receive free financial information about Audika by e-mail, go to www.audika.com

 

ISIN FR0000063752-ADI

Reuters DIKA.PA

Bloomberg ADI

Number of shares: 9 450 000



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

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