Generix Group S.A. — Earnings Release 2010

Jun 22, 2010

Generix Group announces its results for the year Back to cash generating operations and significant reduction of the net year 2009/2010 debt

Paris, June 22, 2010 – Generix today announces its results for the year 2009/2010, ended March 31, 2010 Group, software vendor for the trade and supply chain sectors, roup, 2010.

Coming back to a cash generating activity

In a difficult economical environment especially for IT ("Information Technology Group experienced a sustained growth of its activity and improve again the quality of its offering, and the strength of its On Demand model. improvement of its operating result. Technology ») spending, Generix It illustrates

The group is still developing a resilient strategy aimed at offering commercialization model. As a consequence of its acquisitions, the consolidation of the group process, with associated operating 2009/2010 compared to last year. , a solid product costs and risks that have been however less significant along with this new is still in during

Unaudited Unaudited	Twelve months ended March 31,	Change
IFRS consolidated accounts, in thousands of euros IFRS consolidated accounts, in thousands of euros	2009/2010	2008/2009
Revenues	68,6	67,6	1,0
Income from operations	- 3,5	- 5,2	1,7
Financial expenses	- 0,8	- 0,3	- 0,5
Income before incomes taxes	- 4,3	- 5,6	1,3
Income taxes benefit	1,5	1,8	- 0,3
Net income	- 2,8	- 3,7	0,9
Unaudited Unaudited	Twelve months ended March 31, Change
EBITDA in thousands of euros	2009/2010	2008/2009
Income from operations	- 3,5	- 5,2	1,7
Adjustments:

Adjusted from non-cash recorded items, the positive EBITDA for the year 2009/2010 illustrates that the group's operations are again able amortization and provision expenses, as well as capitalized EBITDA cash to generate cash. The income statement was impacted by net software development expenses. 0,8 - These 0,3 1,1

• 1,9 -

more efficient development cycles for standard software.

2,3 8,5 -

1,7 3,6

6,2

Significant reduction of the net debt

expenses were significantly reduced with

Depreciation, Amortization, net Capitalized software development costs

Unaudited	Twelve months ended March 31,	Change
Consolidated statements of cash flows, in thousands of	2009/2010	2008/2009
euros
Net income adjusted by non-cash items items	2,1	0,5	1,6
Change in working capital	4,9	2,7	2,2
Net cash by operating activities	7,0	3,2	3,8
Net Cash used in investing activities	- 3,8	- 3,8	-
Net cash used in financing activities	- 4,1	- 1,9	- 2,2
Net decrease in cash and cash equivalents	- 0,9	- 2,5	1,6
Cash and cash equivalents, end of period period	5,8	6,7	- 0,9

Unaudited	Twelve months ended March 31,	Change
Net debt	2009/2010	2008/2009
Cash and cash equivalents, end of period	5,8	6,7	- 0,9
Short-term and long-term portions of financial obligations	- 11,4	- 15,5	4,1
Net debt	- 5,6	- 8,8	3,2

2009/2010 was highlighted by a significant reduction of the working capital. This reduction was particularly due by a significant decrease of the creditors despite an increase of the revenues. The DSO, or the average payment terms by its customers, was reduced by more than 40 days to 82 days at the end of March 2010. The group is reinforcing its management structure to further decrease its working capital.

The financial situation is therefore significantly strengthened at the end of March 31, 2010.

Conclusion & Outlook

The 2009/2010 results confirm the good performances of its revenues, released on April 28, 2010. 2009/2010 demonstrates the Generix Group's solidity after an economical downturn that negatively impacted the revenues at the end of 2008/2009 and at the beginning of 2009/2010. This year also shows Generix Group's ability to generate cash and reduce its net debt.

Jean-Charles DECONNINCK, Chairman of the Executive Board of Generix Group, said: «We are determined to still grow our revenues in 2010/2011 and break even our IFRS net result. We are however careful in an economical environment in Europe in particular that could occasionally impact our revenues.»

All mentioned trademarks are the property of their respective owners.

Supplemental and non-IFRS Financial Information

Supplemental non-IFRS information (above-mentioned as EBITDA and Net Debt) presented in this press release are subject to inherent limitations. It is not based on any comprehensive set of accounting rules or principles and should not be considered as a substitute for IFRS measurements. Also, the Company's supplemental non-IFRS financial information may not be comparable to similarly titled non-IFRS measures used by other companies.

***

Next Press Release : July, 26, 2010 First quarter's revenues for the year 2010/2011

Investor Relations Press Contact Jérôme ARNAUD Stéphanie STAHR Chief Financial Officer CM-CIC EMETTEUR jarnaud@generixgroup.com stahrst@cmcics.com +33 (0)1 77 45 41 80 +33 (0)1 45 96 77 83

About Generix Group

Generix Group offers a full range of collaborative software for knowledge transfer, supply chain management and value chain optimisation. This offering is targeted at companies in the agri-food, fast-moving consumer goods (FMCG), food & specialist retailing, automotive, healthcare and transport sectors.

With 580 employees and €68 million in revenue, Generix Group is the leading European retail and supply chain software vendor, with customers including Carrefour, Gefco, Leclerc, Leroy Merlin, Nestlé, Unilever, DHL Exel Supply Chain, Louis Vuitton Sodiaal, Metro, Sara Lee, Kuehne + Nagel, Cdiscount... Over 1500 retailers, global manufacturers and logistics companies now rely on Generix collaborative software.

www.generixgroup.com