ADENCLASSIFIEDS : 1ST QUARTER 2009 REVENUE: ?13.1 MILLION

PR Newswire/Les Echos/

1ST QUARTER 2009 REVENUE: EUR13.1 MILLION

CONTRASTING EVOLUTION IN ACTIVITIES

DEFERRED REVENUE: EUR15.3 million

Paris, 28th April 2009: 

ADENCLASSIFIEDS (FR0004053932 - ADEN), leading Internet group in classified ads
and services in France, today announces its consolidated revenue(1) for the
first quarter of 2009.

Revenue (EUR thousands)     Q1 2009     Q1 2008    Variation    Like-for-like

Recruitment                  9,564      12,359      - 22.6%        - 22.2%
   % of total                   73%         81%
Training                     1,098         703      + 56.2%        + 56.2%
   % of total                    8%          5%
Property                     2,423       2,172      + 11.6%         - 7.7%
   % of total                   19%         14%
Total                       13,086      15,234      - 14.1%        - 16.5%

Over the first quarter of 2009, and as expected, Recruitment was down
significantly (-22.6%) because of very difficult market conditions. Despite a
turbulent context, Property held up better than expected, recording growth of
+11.6%. Lastly, Training is continuing to develop, with organic growth of
+56.2%.

Given the contribution of Recruitment to the Group's overall activity,
ADENCLASSIFIEDS' revenue for the first quarter of 2009 reached EUR13.1 million,
down 14.1% on the first quarter of 2008.

Revenue recorded from value-added services (CV databases, web agency,
professional software, etc.) came to EUR2.4 million over the first quarter of
2009, or 18.1% of revenue (versus figures of EUR1.9 million and 12.5% for the
first quarter of 2008) and was up by 24.6%, illustrating the appeal of these
services and the increasing success of CVAden.

At 31st March 2009, deferred revenue stood at EUR15.3 million, almost stable on
the figure at 31st December 2008 (EUR15.4 million) and down 16.0% compared to
the same period of 2008.

At 31st March 2009, ADENCLASSIFIEDS had a net cash position of EUR53.5 million
(close to the figure at 31st December 2008).

(1) Unaudited

Recruitment

Consolidated revenue from Recruitment activity came to EUR9.6 million, down
22.6% on the same quarter of 2008.

Following a 2008 that had already been marked by GDP growth of just +0.7%
resulting in 67,000 net job destructions (source: INSEE), 2009 growth forecasts
for France, which have been revised down over recent months, suggest a deep
recession this year, thus resulting in further substantial net job destructions.
Within this context, the number of online job offers recorded, over the first
quarter of 2009, a fall of over 40% compared to the same period of 2008 (source:
KELJOB indicator).

The executives market, positively impacted by structural factors such as
"natural" job renewals related to baby-boomers reaching retirement, is holding
up better than the global market, although it too was impacted by the crisis.
Within this context, the number of job offers on CADREMPLOI during the first
quarter of 2009 was down around 20% compared to the first quarter of 2008.

Thanks to the overhaul of its sites in 2008 and to the launch of CVAden,
ADENCLASSIFIEDS has nevertheless reaffirmed its leadership on the online
Recruitment market in France by striving to gain market share from its peers
despite the fall in activity. The fine performance of KELJOB should also be
noted, with the site seeing its audience grow by +13.5% over the first quarter
of 2009 compared to the same period of 2008 (source: XITI, number of visits).

Training
 
Over the first quarter of 2009, consolidated revenue from Training activity
totalled EUR1.1 million, giving organic growth of +56.2% compared to the first
quarter of 2008.

The KELFORMATION site continued its very dynamic growth, with its audience up
+64.4% in the first quarter of 2009 compared to the same quarter of 2008
(source: XITI, number of visits).

These very good results validate the Group's strategy of conquering this
high-potential market on the Internet.

Property

In a difficult market, first quarter revenue from Property activity was down
7.7% like-for-like. However, including ProAPart, acquired in July 2008, Property
activity was up 11.6%.

The Group has provided, since the start of the year, a "package" of sites and
services (combining the EXPLORIMMO, PROAPART, OPENMEDIA and IMMOVISION brands),
doped by an aggressive and targeted pricing policy.

At the same time, ADENCLASSIFIEDS intends to participate in the consolidation of
the online Property market. The Group has instigated a project to create a
Property division that, as well as its current offer, would also consist of
Groupe Indicateur Bertrand's activities and Le Figaro's Property Advertising
Management contract.

This merger would take place via the transfer of the autonomous activities of
Groupe Indicateur Bertrand to ADENCLASSIFIEDS, depending on the approval of
their valuation by the asset transfer auditors, and could be definitively
ratified at the ADENCLASSIFIEDS shareholders meeting in June.

Moreover, ADENCLASSIFIEDS has strengthened its value-added services offer with
the acquisition, on 31st March, of Microcode, which develops a property
transaction software activity that is very complementary to that of OpenMedia
and which has close to 200 clients.

Thibaut Gemignani, CEO of Adenclassifieds, comments: "Despite a very difficult
context, notably for Recruitment activity, the Group has strived, whilst
protecting its profitability, to gain market share over the first quarter of
2009, notably through the overhaul of its sites and the leadership of its
brands. Training recorded very strong growth and is beginning to show its
potential for years to come. Property has been affected by the current economic
situation, but the level of activity of our sites is holding up thanks to an
aggressive and targeted sales policy."

Pierre Conte, Chairman of the Board of Management, adds: "2009 will be a
difficult year. The project to create a powerful Property division within
Adenclassifieds is a major challenge that lays witness to our ambitions for this
activity. We will not stop there because, beyond the current crisis, we are
convinced of the potential of online classified ads and intend to pursue our
active external growth policy."

Next press release: revenue for the first half of 2009,
28th July 2009 (after market)

About Adenclassifieds (www.adenclassifieds.com):
Listed on compartment C of the Eurolist by Euronext Paris, Adenclassifieds is a
leader in the French B2B online classified ad market. Adenclassifieds has a
multi-product offer across its 3 business segments: Recruitment on Internet
(notably via the Cadremploi.fr, Keljob.com and Cadresonline.com sites), Training
classifieds on Internet (notably via Kelformation.com) and Property on Internet
(notably via Explorimmo.com).

Euronext, compartment 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
Communication
Tel.: [phone] 
[e-mail]
                      
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