Current Financial Statement/Outlook

2011 sales up 9.9%

Sales growth in the 4th quarter 2011

Sales for the 4th quarter of 2011 totalled € 50.8 million, an increase of 6.3% compared to the 4th quarter of 2010.  Growth was 5.5% on a constant foreign exchange basis compared to 2010.

Over the full year 2011, sales reached € 203 million, which was a 9.9% increase compared to 2010 on a current foreign exchange basis and 12.2% on constant foreign exchange.

In 2011, all Group divisions contributed to growth, particularly France and the US, with the strongest performance being reported by the Civil Aeronautics, Space and Automotive market segments.

International sales accounted for 78.6% of total Group sales over full year.

Outlook

Strong 2011 sales data validated the relevance of Radiall’s strategy in its markets.  The Group anticipates that 2011 current operating profitability will be close to the level reported in first half 2011.

Radiall is starting 2012 with a positive trend for its order book, despite the uncertain business environment, which calls for caution in relation to sales forecasts.