Development continues with 11 new centers

12/03/08 - 7 in Italy and 4 in France

 

Italian network reaches 15 centers

 

Audika Group is announcing that it is actively continuing its development in Italy with seven new centers (six acquisitions and one creation). Having begun its development in Rome, Audika extended its network with centers in Perugia in the Umbria region, Milan and Bergamo in Lombardy, Turin in the Piedmont region and several medium sized towns in Tuscany. These new centers will serve as a basis for reinforcing the Group’s local presence through creations following the example of those already opened in Rome.

 

Through these operations, Audika now has a network of 15 centers in Italy and, as such, the Group's development is perfectly in line with its three-year plan to create a network of close to 50 centers.

 

 

Four new centers in France

 

At the same time, Audika is continuing to strengthen its French network with 2 new centers in Sedan in the Ardennes and Alès in the Gard. Furthermore, the Group is reinforcing its presence in the Pays de la Loire and Franche-Comté regions with new centers in Cholet and Besançon,two high-potential towns where the Group was not previously present.

 

 

Upward revision of the 2008 revenue target

 

The new acquisitions in Italy and France will bring in almost EUR 2.0 million in additional revenues in 2008. As such, Audika is raising its full-year 2008 revenue target to around EUR 108 million, excluding the impact of forthcoming acquisitions.

 

Audika will publish its 2007 full-year results on March 26, 2008 after the close of the markets.

 

 

About Audika:

 

With almost 360 centers in 80 different regions, 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 began its international development in Italy in 2007. Audika is listed on the Eurolist SMALL 90,segment B.                                                                    

 

ISIN FR0000063752-ADI
Reuters DIKA.PA
Bloomberg ADI:FP
                          
Number of shares:9,450,000

 

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

 

Audika contact: 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