Chargeurs — Earnings Release 2011

Jan 20, 2012

2011 Financial Information

Revenue

	Fourth quarter		Twelve months
(in euro millions)	2011	2010	2011	2010
Chargeurs Protective Films	40.8	43.2	179.7	177.0
Chargeurs Interlining	43.0	47.9	187.6	185.1
Chargeurs Wool	44.9	37.2	185.0	149.9
TOTAL	128.7	128.3	552.3	512.0

Consolidated revenue rose by 7.9% year-on-year to €552.3 million in 2011. The increase includes a 10.2% positive price effect reflecting the impact of passing on higher raw material prices, and a 2.3% negative volume effect.

2011 Estimates

Based on the unaudited consolidated results, Chargeurs has updated its 2011 key figures as follows:

__________________________________________________________________________________

(in euro millions)	2011	2010
	(estimated)
Revenue	552.3	512.0
Operating profit	23.9	21.3
Pre-tax profit	13.3	11.4
Attributable net profit	10	12.9

Next announcement: 2011 Annual Results: March 9, 2012

January 20, 2012

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