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> Financial release, February the 8th of 1999 |
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OBJECTIVES SURPASSED IN 1998
CONSOLIDATED TURNOVER GROWTH OF 50%
The consolidated turnover as at 31 December 1998 surpasses the objectives and
reaches 2.867 MFRF (437 M ), an increase of 50% compared with the prior year.
The consolidated turnover taken into account related to companies acquired in
1998 amounts to 105 MFRF (16 M ). Excluding the impact of the 1997 and 1998
acquisitions, the internal growth of consolidated turnover is 35%.
The increase in turnover for the fourth quarter 1998 relative to the fourth quarter
1997 is 46%, with the proportion of acquisitions in the fourth quarter 1998 inferior to
that of the fourth quarter 1997.
During this period five companies joined the group, one in Switzerland, one in Italy,
one in Great Britain, one in Austria, and one in France. Their core activities are
similar to those of the group.
In two years from 1996 to 1998 the turnover has more than doubled. We are
confident that we can achieve the target of one billion euros for the year 2002; only
23% growth a year from 1999 would be necessary to reach it.
COMPARISON OF TURNOVER BETWEEN 1998 AND 1997
 CONSOLIDATED TURNOVERS
 |  | 1998 |  | 1997 | |  Thousands of FRF
 | Thousands of | Thousands of FRF | Thousands of |  First quarter
 | 577 796 | 88 084 | 381 933 | 58 225 |  Second quarter
 | 686 213 | 104 613 | 445 014 | 67 842 |  Third quarter
 | 716 231 | 109 189 | 476 574 | 72 653 |  Fourth quarter
 | 887 150 | 135 245 | 607 346 | 92 589 |  TOTAL
 | 2 867 390 | 437 131 | 1 910 867 | 291 309 |
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