First-quarter revenues: € 22.1 million

20/04/09

 

The first quarter of 2009 was marked by a tough economic environment which caused clients to postpone their purchasing decisions. Against this background, Audika group generated total revenues of € 22.1 million in the first quarter of 2009, down 5.3% on the first quarter of 2008. On a like-for-like basis, revenues fell 11.0%.

 

 

Revenues generated in Italy are increasing and accounted for 8% of the group's activity over the period, in particular thanks to the contribution of newly-opened or acquired centers.

 

Audika group remains prudent, but expects a gradual improvement in business over the rest of the year as it begins to reap the benefits of its new advertising campaign. The group will also gain from the consolidation of the centers acquired or opened since the beginning of 2009 (8 in France and 20 in Italy) and a more favorable basis for comparison in the second half of the year.

 

The group confirms its announced priorities for 2009, namely maintaining a high level of profitability and continuing to expand its networks in France and Italy.

 

Audika group will publish its first-half revenues on July 20, 2009 after market close.

 

 

About Audika:

 

With nearly 400 centers in 83 different regions and a 14% market share, Audika is the number one network offering hearing correction solutions in France. Positioned on the market for hearing correction solutions for senior citizens, Audika aims to consolidate its leadership in a sector that remains very highly fragmented. The Group has recently begun its international expansion, having successfully set up operations in Italy. Audika is listed on Euronext Paris, Segment B and the SBF 250, CAC Mid & Small 190 and CAC Small 90 indexes.

 

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:FP – Number of shares: 9,450,000

 

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

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