Total Sales Grew by 9 months

In France, the group recorded in the third quarter overall growth of 7.2% to E 19.6 million, including 4.2% organic growth, confirming the trends observed in the first half. In an economic climate, however unfavorable, the group continued to reap the fruits of its marketing efforts. At 9 months, sales reached E 71.5 million an increase of 7.7% including 4.4% organic.The group continues to strengthen its geographical position with the creation of the quarter of eight new centers that complement the mesh of the group in the regions of Alsace, Aquitaine, Brittany, Ile de France (2), Nord-Pas de Calais, Rhone-Alpes and PACA. With 21 new centers created or acquired since the beginning of the year, the group is perfectly in line with its development plan, the network has now reached nearly 440 centers.

In addition, new creations and acquisitions currently under negotiation could be finalized before the end of the year. Revenue totaled E 1.5 million, down slightly from the previous year (E-80K), but decreased by E 0.3 million on a comparable basis. After the phase of internal reorganization, the group is currently conducting targeted marketing campaigns to increase mens wallets gradually the traffic centers, with an expected effect on sales in 2012. At 9 months, the turnover amounted to E 5.9 million, a level equivalent to that of last year.The group expects to accelerate its growth in the fourth quarter due to a more favorable basis of comparison in December, including traditionally the biggest billing month womens sandals of the year.

Audika recall having set a goal for 2011 a total turnover of around E 115 million coupled with an annual operating margin greater than the first half. With nearly 440 centers in 90 departments and 14% market share, Audika is the ferragamo mens shoes French network of centers specializing in hearing aids. The group is present in Italy since 2007 where he now relies on a network of nearly 60 centers. Positioned in the market for Seniors, Audika aims to consolidate its leadership in an area still very fragmented. Audika is listed on Euronext Paris, compartment B. SBF 250, CAC Mid & Small 190, CAC Small 90.