PR Newswire/Les Echos/
Financial Information - First Quarter 2010
Significant events
Chargeurs carried out a subordinated convertible bond issue, with pre emptive
subscription rights for existing shareholders. The bonds are redeemable at
maturity on January 1, 2016. The offer ran from March 15 to 29 and was
subscribed more than 1.78 times. The issue totaled EUR22.8 million, represented
by 415,083 bonds whose conversion would lead to the issue of up to 13,282,656
new shares.
First quarter business and revenue
Consolidated revenue
(in EUR millions) First quarter
2010 2009*
Chargeurs Protective Films 41.0 32.2
Chargeurs Interlining 41.2 40.3
Chargeurs Wool 40.5 40
Total 122.7 112.5
* excluding discontinued operations.
First quarter 2010 consolidated revenue was 9% higher than in the same period
last year. Revenue at Chargeurs Protective Films rose by a strong 27.3% compared
with first quarter 2009, mainly due to growth in volumes.
First quarter earnings and financial position
The three businesses confirmed their return to profit at the operating level,
together generating consolidated operating profit of EUR6.6 million for the
quarter compared with a loss of EUR5.1 million for the year earlier period.
May 7, 2010
Corporate Communications
Phone: +33 (0)1 71 72 31 65 - www.chargeurs.fr
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