PR Newswire/Les Echos/
Financial Information - First Quarter 2009
Significant events
The global economy is still in the midst of a major upheaval, and the sharp
market downturn that began affecting the Group's three businesses in September
2008 worsened in early 2009.
First quarter business and revenue
Consolidated revenue
In euro millions First quarter
2009 2008
Chargeurs Protective Films 32 51
Chargeurs Interlining 41 57
Chargeurs Wool 40 57
T0TAL 113 165
Consolidated revenue declined 31.5% from the first quarter of 2008. At Chargeurs
Protective Films and Chargeurs Interlining, revenue was dragged down by falling
volumes, while at Chargeurs Wool, performance was weakened by lower wool
prices.
First quarter earnings and financial position
The first quarter saw a consolidated operating loss of EUR5.1 million, versus
income of EUR4.6 million in the year-earlier period. The shortfall was
attributable to Chargeurs Protective Films and Chargeurs Interlining, which were
both affected by the significant volume contraction in Europe. Chargeurs Wool,
on the other hand, improved its operating results during the first quarter.
May 7, 2009
Corporate Communications
Tel. 01.71.72.31.65 - www.chargeurs.fr
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