ADENCLASSIFIEDS : Revenue for the 3rd quarter of 2009

PR Newswire/Les Echos/

REVENUE FOR THE 3rd QUARTER OF 2009: EUR13.8m 
- 4.7% (-22.0% like for like)
REVENUE FOR THE 1st NINE MONTHS OF 2009: EUR39.2m 
-11.3% (-18.4% like for like)
Net cash position at 30th September 2009: EUR53.7m

Paris, 3rd November 2009:

ADENCLASSIFIEDS (FR0004053932 - ADEN), leading Internet Group in classified ads
and services in France, today announces its consolidated revenue for the 3rd
quarter and the first 9 months of 2009.

I. REVENUE

                              3rd quarter                    9 months

Revenue (EURK)        2009      2008       Var.      2009     2008      Var.
Recruitment          8,120    11,118    - 27.0%    26,692   34,978   - 23.7%
       % of total      59%       77%                  68%      79%
Training               983       776    + 26.7%     3,020     2,173  + 39.0%
       % of total       7%        5%                   8%       5%
Property             4,722     2,619    + 80.3%     9,468    7,041   + 34.5%
       % of total      34%       18%                  24%      16%
Total               13,825    14,513     - 4.7%    39,180   44,193   - 11.3%

ADENCLASSIFIEDS' consolidated revenue for the third quarter of 2009 came to
EUR13.8m, down 4.7% compared to the same quarter of 2008.

Groupe Indicateur Bertrand's activities became part of ADENCLASSIFIEDS on 
30th June 2009. The Company's revenue for the third quarter of 2009 thus 
includes, for the first time, the July, August and September revenue of these 
new activities.

Like for like, i.e. excluding the integration of Groupe Indicateur Bertrand's
activities, ADENCLASSIFIEDS' activity for the third quarter of 2009 would have
been down -22.0% at EUR11.3m.

Revenue for the first nine months of 2009 totalled EUR39.2m, down 11.3% 
compared to the first nine months of 2008. Like for like, the fall was -18.4%.

The level of activity recorded by value-added services (CV libraries, web
agency, professional software, etc.) was up both over the third quarter and 
over first nine months of 2009, compared to 2008, gaining +12.5% to EUR2.5m 
and +16.4% to EUR7.4m respectively, thus representing 17.9% and 18.9% of total
revenue for those periods.

At 30th September 2009, deferred revenue stood at EUR9.7m, down 36.1% compared
to 30th September 2008.

II. INFORMATION BY SECTOR

ADENCLASSIFIEDS' sites as a whole recorded a record high of 4,525,000
deduplicated unique visitors in September 2009 (source: Médiamétrie
Netratings).

Recruitment

Over the third quarter of 2009, revenue from Recruitment activity continued to
be severely penalised by the French job market situation, which is continuing 
to deteriorate. Revenue from this activity was down -27.0% (- 26.8% like for 
like) at EUR8.1m.

Over the first nine months of 2009, this activity's revenue totalled EUR26.7m.
It was thus down -23.7% compared to 2008, or -23.5% like for like.

At 30th September 2009, deferred revenue from recruitment activity stood at
EUR7.8m, down 40.6% compared to 30th September 2008.

The job market is continuing to suffer badly, with an expected 450,000 net job
destructions in 2009 compared to just 67,000 in 2008 (source: INSEE). The
unemployment rate reached 9.5% in the third quarter of 2009, versus 7.8% a year
earlier (source: INSEE). In October 2009, the number of online job offers was
down -29% compared to October 2008 (source: KELJOB indicator).

Within this difficult market context, ADENCLASSIFIEDS's Recruitment sites have
further confirmed their leadership status on the French online recruitment
market:

    · N°1 private player in online Recruitment in terms of the number of
      classified ads, with an average volume of 65,286 job offers published 
      over the first nine months of 2009;

    · N°1 private player in online Recruitment in terms of audience, with a
      record 3.3 million deduplicated unique visitors in September 2009 
      (source: Médiamétrie Netratings) and 3 ADENCLASSIFIEDS sites amongst the 
      TOP 5 sites:

            - 2.3 million unique visitors per month for CADREMPLOI (new record,
              and leading private recruitment site);
            - 1.5 million unique visitors per month for KELJOB;
            - 0.5 million unique visitors per month for CADRESONLINE.

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

Training

Training activity continued to grow over the third quarter of 2009, with 
revenue of close to EUR1 .0m, an increase of +26.7%. Over the first nine months
of the year, revenue totalled EUR3.0m, up +39.0% on 2008, and was notably doped
by activity in France (+43.2%).

The KELFORMATION site has continued on its growth momentum, with an audience up
40.7% over the first nine months of 2009 (source: XITI, in number of visits).
The site recorded 315,000 unique visitors in September 2009 (source:
Médiamétrie Netratings), and had an average of 41,388 training courses online
during the third quarter of 2009.

Property

Revenue from Property activity for the third quarter of 2009 was up sharply,
gaining +80.3% to EUR4.7m. This increase was the result of the integration of
Groupe Indicateur Bertrand's activities and LE FIGARO's Property Advertising
Management contract, which enable ADENCLASSIFIEDS to have the most 
comprehensive Property offer on the market (general, upmarket, new, leisure 
and services). Like for like, i.e. excluding these recently-acquired 
activities, revenue for the third quarter of 2009 came to EUR2.2m, down -15.9%.

Over the first nine months of the year, revenue from Property activity totalled
EUR9.5m, an increase of +34.5% (-11.0% like for like).

Property activity thus represented 34.2% of ADENCLASSIFIEDS' total revenue for
the third quarter of 2009. This is an underlying trend enabling a rebalancing 
of the contribution of each activity to the Company's consolidated revenue on 
the one hand whilst allowing ADENCLASSIFIEDS to firmly establish itself as a 
major French online Property player on the other.

ADENCLASSIFIEDS' Property sites generated a record 1.65 million deduplicated
unique monthly visitors in September 2009 (source: Médiamétrie Netratings),
including:

         - 1.3 million unique monthly visitors for EXPLORIMMO;
         - 206,000 unique monthly visitors for EXPLORIMMONEUF, which is
           reaffirming its leadership on the French online New Property market.

The EXPLORIMMO site had an average of 447,809 property ads over the third
quarter of 2009, an increase of 37% compared to the same quarter of 2008.

Lastly, PROPRIETES DE FRANCE, which is ADENCLASSIFIEDS's flagship Upmarket
Property brand, has reaffirmed its leadership with the recent publication of a
special 20th anniversary edition.

III. OUTLOOK AND FINANCIAL SITUATION 

ADENCLASSIFIEDS' activity over the third quarter of 2009 confirmed the trend
seen over the first half of the year, with Recruitment and Property activities
still suffering fairly significantly from the current economic situation.

Within this context, ADENCLASSIFIEDS has succeeded in improving its sites'
audience figures, which is a factor that increases client loyalty and is a
competitive advantage.

Furthermore, the continuing increase in revenue from value-added services is
partially enabling the Company to partially offset the fall in revenue from
classified ads.

Lastly, the acquisition of Groupe Indicateur Bertrand's activities takes on its
true meaning within the current context by representing a significant growth
driver for ADENCLASSIFIEDS.

The fall in orders, and thus in deferred revenue, notably for the Company's
Recruitment activity, already suggests a difficult 2010 financial year. 
However, this slowdown could be offset in terms of revenue by the acquisition 
of Groupe Indicateur Bertrand's activities, which will have 12 months of 
activity included in accounts for the first time.

At 30th September 2009, ADENCLASSIFIEDS had a positive cash position of 
EUR53.7m.

                   Next press release, 2009 annual revenue:

                  Wednesday 17th February 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 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 listed on Euronext,
France, Indicateur Bertrand, Bertrand Vacances and OpenMedia brands).
ADENCLASSIFIEDS is listed on Euronext, compartment C of the 
NYSE-Euronext group.

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

Contacts: 

ADENCLASSIFIEDS                             NewCap.
                                            Financial communication
Jean-François Busnel                        Simon-Laurent Zaks / Emmanuel Huynh

CFO                                         Tel: [phone]
Tel: [phone]                   [e-mail]
[e-mail]

Dorothée Touil
Communication and Press Relations 
Tel: [phone] 
[e-mail]
                      
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