ADENCLASSIFIEDS : Revenue for 1st quarter of 2010

PR Newswire/Les Echos/

REVENUE FOR THE 1st QUARTER OF 2010: EUR16.5m

                         +26.5% (-6.5% like for like) 

                    Recruitment orders up in Q1 2010: +9.4% 

                Net cash position at 31st March 2010: EUR57.2m

Paris, 5th May 2010: 

ADENCLASSIFIEDS (FR0004053932 - ADEN), leading Internet Group in classified ads
and services in France, today announces its consolidated revenue for the 1st
quarter of 2010.

Revenue (EURk)           Q1 2010   Q1 2009   Var.   Var.(like for like)
Recruitment              9,217    9,564   - 3.6%         - 5.5%
    % of total             56%     73%
Training                 1,020    1,098   - 7.1%         - 8.8%
    % of total              6%      8%
Property                 6,312    2,423 + 160.5%         - 9.6%
    % of total             38%     19%
Total                   16,549   13,086  + 26.5%         - 6.5%

Within a context of a stabilisation of the Recruitment and Property markets,
ADENCLASSIFIEDS' consolidated revenue for the first quarter of 2010 came to
EUR16.5m, up sharply by 26.5% compared to the first quarter of 2009.

This revenue includes Groupe Indicateur Bertrand's activities and the
advertising management contract for LE FIGARO's Property ads, which were
integrated on 30th June 2009, as well as the advertising management contracts
for LE FIGARO's Recruitment and Training ads, which were integrated on 15th
March 2010.
Like for like, ADENCLASSIFIEDS' revenue would have been down 6.5%.

Over the first quarter of 2010, Recruitment activity represented 55.7% of
ADENCLASSIFIEDS' total revenue, Property represented 38.1% and Training 6.2%.

Revenue from value-added services (CVAden, web agency, professional software,
etc.) totalled EUR2.6m, up 10.1% compared to the first quarter of 2009, and
represented 15.7% of total Group revenue, recently-integrated activities
essentially consisting of classified ads and communication.

Consolidated orders for ADENCLASSIFIEDS' three activities came to EUR15.3m over
the first quarter of 2010, versus EUR10.5m for the first quarter of 2009, giving
an increase of 45.8% that illustrates, beyond the recent integrations, the
upturn in the Group's activity in early 2010.

At 31st March 2010, deferred revenue stood at EUR12.9m, down 15.7% compared to
31st March 2009 but up 12.2% compared to 31st December 2009.

	II. INFORMATION BY SECTOR 

Recruitment

Over the first quarter of 2010, revenue from Recruitment activity totalled
EUR9.2m, down 3.6% compared to the first quarter of 2009. Since 15th March 2010,
this revenue figure includes the advertising management contract for LE FIGARO's
Recruitment ads, as well as the ADEN GRAND SUD OUEST subsidiary's activity since
early November 2009. Like for like, revenue from Recruitment activity would have
been down 5.5%.

However, Recruitment orders totalled EUR7.8m over the first quarter of 2010, an
increase of 9.4% on the same quarter of 2009.

Indeed, after a year that saw a particularly high number of job destructions
(over 322,000 destructions in 2009, according to INSEE), early 2010 has seen a
stabilisation in the Recruitment market and an upturn in job mobility. Thus, for
the first time since September 2008, more than 18 months ago, the number of
online Recruitment offers increased in April 2010, rising by 10% compared to
April 2009 (see the KELJOB Barometer, which monitors changes in the number of
job offers on close to 80 French sites).

Nevertheless, this increase in ADENCLASSIFIEDS' Recruitment orders is not simply
a result of the improved Recruitment market situation; it is also due to the
Group having maintained its investments, enabling it to capitalise on the
leadership of its sites amongst recruitment professionals:

 · n°1 private player in online Recruitment in France in terms of the number
   of ads, with an average volume of 69,675 job offers published during the
   first quarter of 2010;

 · n°1 private player in online Recruitment in France in terms of audience,
   with an average of 2,256,667 deduplicated unique visitors a month during the
   first quarter of 2010 (source: Médiamétrie Netratings);

 · new version of the CADRESONLINE site, launched on 6th April, reaffirming
   its positioning as a "specialised" site platform;

 · 2.7 million CVs available on CVAden, the unique database incorporating all
  the CVs uploaded on CADREMPLOI, KELJOB, CADRESONLINE and all their partners.

Training

Revenue from Training activity was stable in France in the first quarter of 2010
compared to the same period of 2009, but it was down in Germany where the
difficulties encountered at the end of 2009 persisted. Subsequently, revenue
from this activity was down 7.1%, and down 8.8% like for like (integration of
the advertising management contract for LE FIGARO's Training ads since 15th
March 2010).

However, like Recruitment, Training saw the number of orders increase by 14.2%
in the first quarter of 2010 compared to the first quarter of 2009 (+27.9% in
France), thus reaching EUR0.9m.

The KELFORMATION site continued on its growth momentum, with an audience up 11%
in the first quarter of 2010 (source: XITI, in number of visits) and a new
record in March with, for the first time, over a million monthly visits. At the
same time, this site had an average of 42,500 Training ads online during the
first quarter of 2010.

Property

Property activity recorded revenue of EUR6.3m over the first quarter of 2010, a
sharp increase on the same quarter of 2009.

The 160.5% surge in revenue from Property activity was due to the integration of
Groupe Indicateur Bertrand's activities and the advertising management contract
for LE FIGARO's Property ads. It was also due to the seasonal effect of leisure
and holiday Property activity, with a substantially higher number of releases
over the first half of the year. Like for like, revenue from this activity
totalled EUR2.2m, down 9.6%.

Property activity represented 38.1% of ADENCLASSIFIEDS' total revenue for the
first quarter of 2010, versus 18.5% a year earlier, which means that this
activity has more than doubled its share of consolidated revenue.

ADENCLASSIFIEDS' Property sites generated 1,326,333 deduplicated unique monthly
visitors over the first quarter of 2010 (source: Médiamétrie Netratings), with
the EXPLORIMMO site having an average of 433,184 Property ads over the quarter.
All of these offers are now also available via the EXPLORIMMO iPhone
application, which was launched in March.

Lastly, one should note, in early 2010, the solid performances recorded by the
Upmarket Property (with Propriétés de France) and Property Services (with
ExplorimmoPro and Imovision) activities.

  III. OUTLOOK AND FINANCIAL SITUATION 

The 26.5% increase in revenue over the first quarter of 2010 illustrates
ADENCLASSIFIEDS's new scope, which now includes Groupe Indicateur Bertrand's
activities and the advertising management contracts for LE FIGARO's Recruitment,
Training and Property ads.

At the same time, the 45.8% jump in consolidated orders recorded over the first
quarter of 2010 points to an upturn in ADENCLASSIFIEDS' activities in 2010.

The growth in deferred revenue and the acceleration in the generating of cash
flow are also leading indicators of an improvement in the Group's activity in
this early part of 2010.

At 31st March 2010, deferred revenue totalled EUR12.9m, up 12.2% compared to
31st December 2009. 

ADENCLASSIFIEDS had a cash position of EUR57.2m at 31st March 2010, up EUR4.4m
compared to the figure at 31st December 2009, i.e. an increase of +8.3%.

             Next press release: revenue for the first half of 2010, 
                    Wednesday 28th July 2010 (after market)

About ADENCLASSIFIEDS (www.ADENCLASSIFIEDS.com) :
ADENCLASSIFIEDS is a leading Internet group in classified ads and services in
France. The Company has a multi-product and multi-brand offer across its 3
activities: online Recruitment (notably via the Cadremploi.fr, Keljob.com and
Cadresonline.com sites), online Training ads (notably via Kelformation.com) and
online Property (notably via the Explorimmo, Propriétés de France, Indicateur
Bertrand, Bertrand Vacances and OpenMedia brands). ADENCLASSIFIEDS is listed on
Euronext, compartment C of the NYSE-Euronext group.

Euronext, compartiment C by NYSE-Euronext - ISIN: FR0004053932 
Reuters: ADEN.PA - Bloomberg: ADEN FP 
Member of the CAC Allshare

Contacts:

ADENCLASSIFIEDS                           NewCap.
Jean-François Busnel                      Financial Communication
CFO                                       Simon-Laurent Zaks / Emmanuel Huynh
Tel.: [phone]                Tel.: [phone]
[e-mail]  [e-mail]

Dorothée Touil
Director of Communication and Press Relations
Tel.: [phone]
[e-mail]
                      
The content and accuracy of news releases published on this site and/or 
distributed by PR Newswire or its partners are the sole responsibility of the 
originating company or organisation. Whilst every effort is made to ensure the 
accuracy of our services, such releases are not actively monitored or reviewed 
by PR Newswire or its partners and under no circumstances shall PR Newswire or 
its partners be liable for any loss or damage resulting from the use of such 
information. All information should be checked prior to publication.