Chargeurs — Interim / Quarterly Report 2011

Nov 15, 2011

Financial Information - Third Quarter 2011

Consolidated revenue

Revenue	Third quarter		Nine months
(in euro millions)	2011	2010	2011	2010
Chargeurs Protective Films	44.1	45.8	138.9	133.8
Chargeurs Interlining	45.5	45.6	144.6	137.2
Chargeurs Wool	43.3	36.4	140.1	112.7
TOTAL	132.9	127.8	423.6	383.7

Third-quarter 2011 consolidated revenue was up 4% on the prior-year period, with a positive price effect adding 8.3% and a negative volume effect reducing revenue by 4.3%.

Consolidated revenue for the first nine months showed a 10.4% increase from September 30, 2010. The Group's ability to pass along higher raw materials costs added 9.7% and rising volumes contributed 0.7%.

Outlook

Order intake has slowed in the fourth quarter of 2011. On the basis of currently available information, Chargeurs anticipates the following results for full-year 2011:

	As of December 31
(In euro millions)	2011 Estimated	2010
Revenue	551,1	512,0
Operating profit	22,8	21,3
Pre-tax profit	12,6	11,4
Attribuable net profit	10	12,9

Next announcement: Full-year 2011 revenue: January 20, 2012

November 15, 2011