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> Financial release, July the 26th of 1999 |
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FIRST SEMESTER OF 1999
A 44% INCREASE OF CONSOLIDATED TURNOVER
COMPARED TO THE FIRST SEMESTER OF 1998
The consolidated turnover for the first semester of 1999 amounts to 1 821 MFRF
(277.6 M euros), compared with 1 264 MFRF (192.7 M euros) for the first semester of 1998 (+44%).
The consolidated turnover for the first semester has more than doubled from 1997 to 1999.
During the second quarter the Group acquired a second company in Portugal and a company in Italy.
The turnover of companies acquired during the first semester 1999 included in consolidated turnover is 65 MFRF (9.9 M euros).
The European subsidiaries' consolidated turnover for the first semester of 1999 amounts to 618 MFRF (94.2 M euros). It has more than doubled in comparison with the first semester 1998 (303 MFRF, 46 M euros).
The activity outside of France is now 34% of consolidated turnover compared with 24% at the same date in 1998.
The estimated consolidated turnover for the year of 3 800 MFRF (580 M euros) announced during the annual shareholders' meeting should be surpassed.
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