Growth returns in the third quarter of 2013: +1.6%

AUDIKA

Growth returns in the third quarter of 2013: +1.6%

Non audited figures

 

Third-quarter 2013 activity

Audika Group made a return to growth in the third quarter (July to September), thereby confirming the improvement witnessed in its business indicators since mid-June. Third-quarter revenues totaled EUR 21.0 million, an increase of 1.6%, including -0.1% organic growth.

In France, Audika generated third-quarter revenues of EUR 19.5 million, up 1.8%, including 0.7% organic growth, which marked a reversal in the trend seen last quarter. Although the market backdrop remained sluggish, the Group drew on the positive impacts of its marketing campaigns, which bolstered the number of center visits.

Audika continued to expand its network over the quarter, setting up five new centers, including three in the Rhône Alpes region. As such, Audika now has a network of more than 460 centers in France.

Internationally (Italy and Belgium), Audika generated total revenues of EUR 1.5 million, which was stable compared to the same period last year. The EUR 0.15 million in revenues generated in Belgium exactly offsets the decline in activity in Italy. The Group is still being impacted by Italy's poor economic backdrop.

Second-half 2013 targets confirmed

Overall, the growth generated in the third quarter brought the decline in revenues over the first nine months of the year down to 4.7%. In the fourth quarter, which is traditionally the busiest of the year, Audika will continue to draw on the impacts of its marketing campaign in France.

While remaining conservative in light of the economic climate, the Group is confirming its target of generating higher revenues in the second half of the year than the first, with operating income for the period of at least 10% of revenues.

Audika Group will publish its 2013 full-year revenues on January 20, 2014.

About Audika:

With more than 460 centers in 91 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 (54 centers) and in Belgium since 2013 (four 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 C.

 

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ISIN FR0000063752-ADI Reuters DIKA.PA Bloomberg ADI:FP

 

Number of shares: 9,450,000

 

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

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

 

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