Turnover for the financial year of 2002/2003

Having recorded strong growth in 2001/2002, IGE+XAO followed this progress over the 2002/2003 fiscal year with an increase in turnover of 4.5% (+6% at a constant exchange rate). In the international market, the main target of the Group, IGE+XAO has posted growth of 14% (+19% at a constant exchange rate ). In France, where IGE+XAO holds more than 60% of the market, the business is up to the level of last year. Over the fourth quarter, the turnover of the Group increased by 5.5% with a noticeable growth abroad of 16% .

During the fiscal year, growth is in the upper end of The Group's forecasts, which anticipated an increase in turnover of between 2% and 4%, taking into account the economic climate and excluding any additional acquisitions.
Furthermore and in line with the management of the Group, the Board of Directors will propose a dividend distribution at the next Annual General Meeting.

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