LeGuide.com Group : LeGuide.com Group : FINANCIAL RESULTS FOR 2012 Strong organic growth (+16%) - High operating margin (19%) -

  LeGuide.com Group : LeGuide.com Group : FINANCIAL RESULTS FOR 2012 Strong
 organic growth (+16%) - High operating margin (19%) - Priority on innovation

                                      
                                      


Press release

                                                    Paris, 25^th February 2013

                          FINANCIAL RESULTS FOR 2012
                         Strong organic growth (+16%)
                         High operating margin (19%)

                           Priority on innovation 

2012 was  a year  of significant  expansion  for the  LeGuide group  with  the 
acquisition of Ciao, making the group  the European leader in shopping  guides 
with 28.3 million  unique visitors^(1),  and the takeover  offer by  Lagardère 
Active, which today holds a 96.49% interest in the group.



Net Sales grew strongly and the operating margin reached 19%.



Motivated by  an  ambitious strategy  combining  innovation and  market  share 
gains, the group intends to maintain this growth momentum in 2013.

Acceleration in  organic growth  (+16%), particularly  in the  fourth  quarter 
(+24%)

In a dynamic e-commerce  market, the LeGuide.com group  reported Net Sales  of 
€43.8 million in 2012, up 16% like-for-like from a year earlier. On a reported
basis, Net  Sales  increased  by  55% following  the  consolidation  of  Ciao, 
acquired on 19 March 2012.

Organic growth accelerated in the fourth quarter to 24% year-on-year.

Move to IFRS

To harmonise its accounting method with  that of the Lagardère group,  LeGuide 
is now reporting its financial statements under IFRS rules.



Comparative tables of 2011 financial  statements under French accounting  Gaap 
and IFRS are provided in the appendices to this press release.



High operating margin (19%)

Audit procedures on the financial statements and consolidated financial
statements have been completed, the certification report is being issued.



Consolidated Audited account, M€                     2012  2011
                                                     IFRS  IFRS
Net Sales                                            43,8  28,2
RESOP ( Recurring Ebit)                               8,2   9,5
Acquisition cost                                     (1,3) (0,3)
Impairment losses on goodwill and intangible assets   -   (6,1)
EBIT                                                  6,9   3,1
Financial Result                                      0,3   0,4
Net Income Before Tax                                 7,2   3,5
Income tax Expenses                                  (2,7) (3,2)
Consolidated Net Income                               4,5   0,3
Attribuable Minority Interests                         -     -
Net Income - Group Share                              4,5   0,3

Adjusted operating income amounted  to €8.2 million  and the operating  margin 
reached 19%. The group's  profitability was boosted  by strong organic  growth 
and the  faster-than-expected recovery  in Ciao's  profitability. But  it  was 
impacted by investments in innovation and organisational structures, marketing
expenditure  and  €1.8   million  of   non-recurring  costs   linked  to   the 
consolidation of Ciao and the takeover offer.

After €1.3m  of  fees  related  to the  acquisition  of  Ciao,  income  before 
financial charges and tax  totalled €6.9 million.  After a positive  financial 
result of €0.3  million and  €2.7 million of  tax charges,  net income,  group 
share, stood at €4.5 million.

A very solid balance sheet

With €41.6 million of shareholders' equity, €23.4 million of net cash
position, the LeGuide group boasts a very solid balance sheet.

An ambitious market share expansion strategy with a priority on innovation

The new  management  team intends  to  strengthen the  group's  leadership  by 
placing a priority on  innovation for internet  users, e-merchant clients  and 
the group.

  *Internet users: the group is tailoring  its offer to rapid changes in  the 
    behaviour of internet users. Thanks to the launch of a mobile site,  which 
    has already attracted  1.7 million  unique visitors^(2), and  a Windows  8 
    application, the group has a multi-device  offer today on the web,  mobile 
    handsets and tablets. The  LeGuide group is also  one of the first  French 
    shopping guides to offer a web-to-store service that allows internet users
    to locate products  in physical stores.  The group has  also extended  its 
    offer to a new and particularly dynamic segment: marketplaces. In addition
    to the products of  Amazon marketplace and  PriceMinister, it will  extend 
    its offer as of 1 March to the marketplaces of La Redoute, Rue du Commerce
    and Pixmania.

  *For e-merchant clients: to  improve transparency and ease  of use for  its 
    clients, the group has introduced a unique billing system with  simplified 
    prices. As such, its e-merchant clients have access to the group's  entire 
    network of 28  million unique visitors  in 14 countries  and through  five 
    families of internet sites with an integrated offer.

  *For the  group: by  introducing a  single platform  for all  its  internet 
    sites, the LeGuide group now has a powerful tool that provides a  platform 
    for rapid expansion.

Olivier Sichel, Chairman  and CEO of  the LeGuide group,  commented: "We  have 
strong ambitions for  the LeGuide  group. We  wish to  strengthen our  leading 
position and continue gaining market  share through a differentiated  strategy 
focusing on  innovation.  We  are  now  ready  to  pursue  the  group's  rapid 
expansion. The  major  phases of  Ciao's  integration have  been  successfully 
completed and we have harnessed synergies  by pooling our customer bases.  Our 
objective is to combine  organic growth and  a targeted acquisitions  strategy 
over coming years".

Next Publication: First-quarter 2013 Net Sales on April 25, 2013 after
closing.

About the LeGuide group
The LeGuide group, a publisher of online shopping guides, comparison websites,
shopping search engines and platforms for consumer ratings, is number one in
Europe with 28.3 million unique visitors^(1). With a team of 200 employees,
the group operates in 14 European countries through a multi-site strategy
based around a number of subsidiaries, including leGuide.com, Ciao,
dooyoo.com, mercamania.com and choozen.com. The group, which lists 155 million
offers from 79,600 e-merchants, generated revenue of €43.8 million in 2012.
LeGuide.com has been certified as an "Innovative company" by OSEO (a French
public agency that supports SMEs) and is listed on the Alternext board of
NYSE Euronext Paris (ticker: ALGUI; ISIN code: FR0010146092).



(1)Source: Comscore, December 2012
(2)Source: Médiamétrie Netratings, December 2012




LeGuide.com          Anaïs de Scitivaux
Olivia Fuchs         +33 (0)1 56 88 11 14
+33 (0)1 55 43 37 29 adescitivaux@actifin.fr
finance@LeGuide.com

                 For more information:www.LeGuide.com/finance
                                  APPENDICES

COMPARATIVE SIMPLIFIED FINANCIAL STATEMENTS FOR 2011 UNDER FRENCH GAAP AND
ifrs



Audit procedures  on  the  financial  statements  and  consolidated  financial 
statements have been completed, the certification report is being issued.

                                      

                                      

                2011 Consolidated income statement under IFRS

                                      

Consolidated audited          2011                   Gap                 2011
accounts, M€               French Gaap                                   IFRS
Net Sales                     28,2     -                                 28,2
RESOP ( Recurring Ebit)        9,3        Research tax credit (+0,2)     9,5
                                           Acquisition costs(-0,3)
Other non-recurring items       -       Impairment losses on goodwill  (-6,4)
                                         and intangible assets(-6,1)
EBIT                           9,5                                       3,1
Financial result               0,4                                       0,4
Net Income before tax          9,9                                       3,5
Income tax expenses           (3,3)     Goodwill (+0,1); Research tax   (3,2)
                                                credit (-0,2)
Consolidated net income        6,6                                       0,3
Goodwill Depreciation         (6,1)     Goodwill Depreciation (+6,1)     -
Net Income - Group Share       0,5                                       0,3

                                      

                                      

                                      

                                      

                                      

                                      

                                      

                                      

                                      

                                      

                                      

                                      

                                      

                                      

                                      

                                      

                                      

                  2011 Consolidated Balance Sheet under IFRS

Audited accounts, M€       2011                      Gap                  2011
                        French Gaap                                       IFRS
ASSETS
                                     Other non-current assets: goodwill
Non current assets          3,8                    (-0,2)                 3,7
                                      Deferred taxes: reclassification
                                         current /non-current(+0,1)
Current Assets             41,4             Other current assets:         41,3
Including cash             34,8         reclassification current/ non     34,8
                                               -current (-0,1)
TOTAL ASSET                45,2                                           45,0
LIABILITIES
Shareholders Equity        35,7      Acquisition costs net of tax(-0,2)   35,5
                                         Non current financial debt:
Non current liabilities      0      reclassification current/non current  1,3
                                                   (+1,3)
                                          Current financial debts:
Current liabilities         9,5        reclassification current / non     8,1
                                               current (-1,3)
TOTAL LIABILITIES          45,2                                           45,0

SIMPLIFIED FINANCIAL STATEMENTS FOR 2012 under ifrs

Audit procedures on the financial statements and consolidated financial
statements have been completed, the certification report is being issued.

                        Consolidated Income Statement

Consolidated Audited account, M€                     2012  2011
                                                     IFRS  IFRS
Net Sales                                            43,8  28,2
RESOP ( Recurring Ebit)                               8,2   9,5
Acquisition cost                                     (1,3) (0,3)
Impairment losses on goodwill and intangible assets   -   (6,1)
EBIT                                                  6,9   3,1
Financial Result                                      0,3   0,4
Net Income Before Tax                                 7,2   3,5
Income tax Expenses                                  (2,7) (3,2)
Consolidated Net Income                               4,5   0,3
Attribuable Minority Interests                         -     -
Net Income - Group Share                              4,5   0,3

                     Consolidated Statement of Cash Flows

                                      

                                      

Consolidated audited account, M€                             2012  2011
Gross cashflow                                               7,4    7,1
Changes in Working Capital                                  (0,5)   0,3
Cash generated from operating activities                     6,9    7,4
Cash used in investing activities                           (16,5) (0,8)
Capital increase                                             0,7    0,1
Financial debt decrease                                     (1,3)  (1,3)
Cash used in financial activities                           (0,6)  (1,2)
NET CASH FROM OPERATING, INVESTING AND FINANCIAL ACTIVITIES (10,1)  5,4
                                                                   
Cash at start of the period                                  34,8  29,4
Cash at end of the period                                    24,7  34,8

                                      

                                      

                                      

                          Consolidated Balance Sheet

                                      

Consolidated Audited Account, M€ 2012 2011
                                 IFRS IFRS
ASSETS                                
Non Current Assets               18,9 3,7
Current assets                   38,1 41,3
Including cash                   24,9 34,8
TOTAL ASSETS                     57,0 45,0
                                     
LIABILITIES                           
Shareholders Equity              41,6 35,5
Non Current Liabilities          0,3  1,3
Current Liabilities              15,0 8,1
TOTAL LIABILITIES                57,0 45,0



LeGuide_Results2012

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