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Guerbet Earnings Release 2013

Apr 23, 2013

1392_iss_2013-04-23_27c12b46-9f4c-45c6-9da5-226173f17daa.pdf

Earnings Release

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PRESS RELEASE

2013 first-quarter revenue

Villepinte, 23 April 2013

Consolidated Group revenue (IFRS)

In

thousands
2012 2013 Change
Total first quarter…………………… 96,758 90,995 -
6.0%

Consolidated revenue by region

In

thousands
2012 2013 Change
Sales in Europe 70,617 65,383 - 7.4%
Sales in other markets 26,141 25,612 - 2.0%
Total……………………………………… 96,758 90,995 -
6.0%

Year's start impacted by the good performance in 2012 H2

Growth in the 2012 second half (+10.9%) that was driven mainly by exceptional sales due to the X-Ray line in Europe slowed momentum for the start of 2013, resulted in a lag in sales of 6% in relation to the first quarter of 2012.

The MRI line contracted 1.3%, notably in response to a decline in reimbursement rates in Switzerland, Belgium and South Korea.

X-Ray product sales were also down (-14.6%), particularly in Europe for the reasons cited above.

Other products in contrast achieved significant gains of 19.3% and in large part attributable to Lipiodol.

Sales trends in the first quarter do not affect the guidance for annual growth of 3% announced at the start of the year.

Contact: CFO Department - Tel.: +33 (0)1 45 91 50 69