LAFUMA : Group : Q1 Sales for FY 2011/2012

Regulatory News:

Lafuma Group (Paris: LAF)

Sales per division (in EUR millions)		Q1 11/12		Q1 10/11		Variation
Great Outdoor - Lafuma		14.2		13.6		+4.4%
Board Sports - Oxbow		8.0		9.0		-11%
Country - Le Chameau		6.0		5.4		+11.4%
Mountain - Millet / Eider		26.5		24.4		+8.5%
Lafuma Group		54.7		52.4		+4.4%
Sales per geographical zone (in EUR millions)		Q1 11/12		Q1 10/11		Variation
France		31.4		32		-2.2%
International		23.3		20.4		+14.7%
Lafuma Group		54.7		52.4		+4.4%

5^th consecutive quarter of growth

Sales revenue for the Lafuma Group on a year-over-year basis was up 4.4% in the first quarter, totaling 54.7 million euros. This was the 5th straight quarter of growth and the highest quarterly sales performance recorded in three years.

International sales generated sharp increases (+14.7%) driven by Asia, the United States and Northern Europe, contrasting with a slight dip in sales for France registered by the Group (-2.2%).

Except for Board Sports, all Group divisions experienced significant increases in sales over the quarter:

• The Great Outdoor division confirmed a turnaround in the Lafuma brand and rose +4.4%
• The Board Sports division was hindered by a difficult market environment, posting a decline of -11%
• The highest growth performance was in the Country division, with sales up +11.4%, driven by rubber boot (+8.8%) and export sales (+14.9%).
• The Mountain division remained buoyant, recording growth of 8.5%, including +14% in export sales.

Half-year outlook: continued sales growth, consolidated credit structure

With a healthy second quarter in perspective driven by a solid order book in camping furniture, the Lafuma Group should maintain this growth trend over the full first half-year.

Regarding financing, the Group reinforced its short-term credit lines and will finalize the consolidation of its global credit structure over the next quarter as announced previously, optimizing a balance of short-term, middle-term and long-term financing arrangements.

>> Next press release

Sales revenue at half-year 2011/12: Tuesday April 24, 2012 (after market close)

Lafuma shares are traded on NYSE Euronext Paris. Euroclear: 3526. Reuters: LAFU.PA. Bloomberg: LAF FP

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