S.T.DUPONT : CONSOLIDATED RESULTS AS AT JUNE, 30, 2009

31.07.2009 00:02:00 CET

July 31, 2009

CONSOLIDATED RESULTS AS AT JUNE, 30, 2009

Good resistance to crisis in France (+32%), Western Europe (+67%) and Hong-Kong/China (+25%) with a strong increase in sales, offset by the problems our agent in Russia is facing.

Major performance indicators (Gross Margin and Overheads) are still improving.

Key indicators as at June 30, 2009 are as follows:

Sales:

Sales per geographical area show a strong increase in France (+32%), Western Europe (+67%) and Hong-Kong/China (+25%).

This increase goes beyond the recovery following the fire and shows a strong resistance to economical crisis in these areas.

Overall decrease in sales is mostly due to the stop of orders from our agent in Russia as from August 2008 as a result of the crisis and his level of inventories. Russia accounted for more than 17% of sales in last year first quarter and 0% this quarter.

Per sector of business, lighters and writing instruments show a very strong increase because of the fire in 2008-2009 and the success of the new line of writing instruments " Defi " which confirms that there is some room fro entry price products as long as they combine a real luxury image and a competitive price.

As for leather goods, it suffers from the troubles of our Russian agent as Russia is one of the most important markets for this sector.

Income from licences is increasing (+55%) due to the overall performance of our licensees and the impact of the new eyewear licence.

Results

Rate of gross margin is still improving (+3.4 points) while overheads are decreasing (-13%).

EBIT is not comparable from one year to another as last year EBIT included 6 months of indemnity for operating loss (January to June).

Contact Analystes : S.T.Dupont Michel Suhard 01 53 91 33 11 msuhard@st-dupont.com

Contact Presse : Euro RSCG Thierry Micheels 01 58 47 94 98 thierry.micheels@eurorscg.fr

Press Release