Audika Group MADE an excellent start to 2011, recording revenues of EUR 26.6 million, an increase of 8.6%. This performance is all the more satisfactory given the high comparison base. The first quarter of 2010 was the best quarter of the previous fiscal year in terms of growth.

Audika is notably improving, with internal growth of 4.0%, underpinned by solid commercial activity trends in France.

France: Growth of 8.6% and network strengthened with nine new centers

Revenues totaled EUR 24.5 million, up 8.6%, including organic growth of 5.2%. This marked a sharp turnaround in trends compared to 2010. As such, Audika benefited from a promising start to the Group’s new marketing campaign, illustrated by the sharp increase in store traffic.

In keeping with its development strategy, Audika also continued to reinforce its network this quarter, adding nine centers, of which three were acquisitions and six were newly established centers. These acquisitions will generate additional revenue of EUR 0.4 million over a full year. Thanks to these additions, Audika's French network now exceeds 430 centers.

Italy: Revenues up 8.2%

Revenues totaled EUR 2.2 million, up 8.2% (down 10% like-for-like), as expected by the Group. In a first quarter which continued to be impacted by the completion of internal restructuring, particularly in Rome, the Group is fully benefiting from the integration of ten new centers acquired at the beginning of the year in the Veneto region. This new network contributed EUR 0.4 million to first-quarter revenues.

The marketing campaign launched in mid-February led to a progressive increase in store traffic throughout March, which is expected to have a positive impact on activity over the coming months.

2011 outlook confirmed

This robust start to the year reinforces Audika Group's ambitions for the 2011 fiscal year. The Group is confirming its overall revenue target of EUR 115-120 million, in addition to an improvement in recurring operating income.

Audika Group will publish its revenues for the first half of 2011 on July 18, 2011 after market close.

About Audika:

With more than 430 centers in 90 different regions and a 14% market share, Audika is the number one network offering hearing correction consulting and solutions in France. The Group has been present in Italy since 2007 and now has a network of almost 60 centers. 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. Audika is listed on Euronext Paris, Segment B and the SBF 250, CAC Mid & Small 190 and cac small 90 indexes.

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

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