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2008-2009: a model that has proved it can withstand a climate of economic depression

  • Financial performances showing sharp improvement, in line with priorities announced

    • Sales growth of 2.6%

    • Margins: EBITDA/sales: 28.9% (29.5% a year earlier); EBIT/sales: 14.4% (14.8% the previous fiscal year)

    • Growth of attributable net income: €40.2 million (+11% )

    • Free cash flow continues to grow: €57 million, 2.8x more than in 2008

    • Record free cash flow, which significantly accelerates the trend recorded over the last four years

    • Debt paid down significantly: ~€100 million in net debt reduction

Compagnie des Alpes at December 15, 2009 - Slide 8

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