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Tuesday 13 November, 2007

Adenclassifieds

ADENCLASSIFIEDS: Growth of revenue over the fir...

PR Newswire/Les Echos/
 
                                                                               
PRESS RELEASE

                                   GROWTH OF REVENUE
                      OVER THE FIRST 9 MONTHS OF 2007: +52.8% to €36.4m

     APPOINTMENT OF MARIE-CHRISTINE LEVET TO THE SUPERVISORY BOARD
 Paris, 13th November 2007

 Adenclassifieds, a leader in the French B2B online classified ad market, today
announced its
 consolidated revenue1 for the third quarter of 2007.

                                                      9 months                 
                    Quarterly


Revenue in €
                                      9 months        9 months
                                                                               
     Q3 2007      Q3 2006 (*)
                                                                    Change     
                                    Change
thousands
                                        2007           2006 (*)
Recruitment                                29,126        20,434                
        8,558            7,030
                                                                    + 41.4%    
                                     + 21.6%
                   % of total                 80%          86%                 
          77%              85%
Property                                    5,605         2,322                
        1,903               825
                                                                   + 140.5%    
                                    + 130.6%
                   % of total                 15%          10%                 
          17%              10%
Training                                    1,687         1,071                
           625              405
                                                                    + 55.9%    
                                     + 54.3%
                   % of total                   5%          4%                 
           6%               5%

Total                                     36,418         23,827    + 52.8%     
      11,086             8,260      + 34.2%



                                                                               
Consolidated


                 Revenue in € thousands                             2007     
     2006(*)          Change
                 First-quarter revenue                               13,225    
        7,187         + 84.0 %
                 Second-quarter revenue                              12,107    
        8,380         + 44.5 %
                 Third-quarter revenue                               11,086    
        8,260         + 34.2%

                 Total                                              36,418     
     23,827          + 52.8%

                 (*)Financial pro-forma Information




 1
     Unaudited




        Not for publication, transmission or distribution, directly or 
indirectly, outside of France and particularly in
                                                the USA, Canada or Japan
Consolidated revenue for Q3 2007 amounted to €11.1m, a +34% growth compared to
Q3 2006.
Despite the activity being structurally slower in Q3 with the summer holidays, 
Adenclassifieds
continued to grow significantly during this period.

Revenue comes out at €36.4m over the first nine months of 2007, a +53% 
progression compared to
the same period in 2006.
The Recruitment activity displays growth of +41% over the first nine months of 
the year, thus
confirming the leading positions of the Group’s brands and their growth 
potential on this market.
The Property activity is growing at a +140% rhythm in an extremely competitive 
environment.
As for Training, it progressed close to +56% over the first nine months of the 
year.

On a like for like basis, the revenue generated by Adenclassifieds alone over 
the first nine months of
2007 amounts to €33.7m, a +41% growth compared to that same period in 2006.
This progression reaches +38% for the Recruitment activity, +66% for Property, 
and +51% for
Training.

Thibaut Gemignani, the company CEO, comments: “We are satisfied with the 
volume of activity
achieved by Q3 2007 despite the effect of summer seasonality. Our three 
activities are progressing
and demonstrate that our offer meets our clients requests.”

Adenclassifieds is also announcing the appointment of Marie-Christine Levet to 
the supervisory board,
where she will chair the strategy committee. Marie-Christine Levet qualified at
HEC and obtained an
MBA from Insead. Her Internet expertise is well recognised. She was in charge of
the Lycos portal
from 1998 to 2001, when she became head of Club-Internet. She was simultaneously
appointed
chairwoman of the Association des Fournisseurs d'Accès à internet (AFA – 
Internet Access Provider’s
Association), a position she held from January 2004 to December 2005.

Pierre Conte, Chairman of the Management Board of Directors, adds: “This 
quarter’s performance
validates our multi-activity / multi-brand strategy. We are confident regarding
further development and
will remain attentive to any external growth opportunities in line with our 
acquisition criteria. The
appointment of Marie-Christine Levet to chair the supervisory board’s strategy
committee will help us
no end in this domain.”

                                      Next press release: 2007 full year 
revenue:
                                      13 February 2007 (after market close)


About Adenclassifieds (www.adenclassifieds.com):

Listed on Eurolist by Euronext Paris since March 2007, Adenclassifieds is a 
leader in the French B2B online classified ad
market with an audience of 398,000 online ads and 8.7 million unique visitors 
per month (Source: XITI – September 2007).
Adenclassifieds offers a range of products across its 3 business segments under
complementary high-profile brands:
recruitment (cadremploi.fr and keljob.com), training (kelformation.com) and 
property (explorimmo.com).
In 2006, Adenclassifieds generated pro forma revenues of €33.3m (+ 57.9 %). 
This strong growth is based on a business model
that generates substantial amounts of cash. In 2006, pro forma cash flow from 
operations was equal to almost 21% of revenues.


                              Listed on Eurolist Compartment B of Euronext Paris
- ISIN: FR0004053932
                                           Reuters: ADEN.PA - Bloomberg: ADEN FP
                                                  Member of the CAC Allshare

Contacts

Adenclassifieds                                                     NewCap.
Eric Magne                                                          Financial 
communication
CFO                                                                 
Simon-Laurent Zaks / Emmanuel Huynh
Tel.: +33 (0) 1 76 63 02 00                                         Tel.: +33 
(0) 1 44 71 94 94
info@adenclassifieds.com                                            Fax: +33 (0)
1 44 71 94 90
                                                                    
adenclassifieds@newcap.fr




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