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CEGEDIM: Consolidated Turnover as at 31 December 2003.


Business Editors/Health/Medical Writers

BOULOGNE-BILLANCOURT, France--(BUSINESS WIRE)--Feb. 11, 2004

CEGEDIM Group (Paris Exchange:CGDM CGDM Consortium on Green Design and Manufacturing .PA)(Euronext:CGM (1) (Computer Graphics Metafile) An ISO/IEC standard format for 2D graphics images introduced in 1987. Primarily a vector graphics format for technical illustrations and geophysical visualizations, CGM also supports raster graphics and text. )

                         CONSOLIDATED TURNOVER
                        as at 31 December 2003

                    31 Dec.      31 Dec.                  Variation
                     2003         2002                   acquisitions
 CEGEDIM GROUP      EUR'000      EUR'000     Variation     excluded
----------------- ------------ ------------ ------------ ------------

 1st Quarter           88,987       79,160           12%         6.3%
 2nd Quarter          102,256       88,840           15%         4.6%
 3rd Quarter           90,790       78,909           15%         6.4%
 4th Quarter          104,489       93,168           12%         8.1%
 Total                386,522      340,077         13.7%         6.4%

 Distribution:
 Databases, CRM
  and Marketing       223,128      196,578         13.5%         8.9%
 Pharmaceutical
  companies           189,530      162,857           16%          11%
 Direct marketing      33,598       33,721            0%           0%

 Software and IT
  Services            163,394      143,499         13.9%         3.0%
 Healthcare
  professionals        71,409       72,401           -1%          -1%
 Electronic money
  and insurances       60,251       40,392           49%          10%
 IT, management
  and the
  Internet             31,734       30,706            3%           3%

  Total               386,522      340,077         13.7%         6.4%


The CEGEDIM Group records an increase in turnover by 13.7% in 2003, with an internal growth of 6.4%, knowing that a disengagement disengagement /dis·en·gage·ment/ (dis?en-gaj´ment) emergence of the fetus from the vaginal canal.

dis·en·gage·ment
n.
 in some activities has started.

The growth rate is notably strong within divisions achieving the highest margins. Those divisions amount to 65% of the group's consolidated turnover and both record more than 10% of internal growth.

With regard to these achievements, the consolidated operating profit Operating profit (or loss)

Revenue from a firm's regular activities less costs and expenses and before income deductions.


operating profit

See operating income.
 should be better than expected and thus confirm the trend which has started over the first semester se·mes·ter  
n.
One of two divisions of 15 to 18 weeks each of an academic year.



[German, from Latin (cursus) s
 with growing operating margins Operating Margin

A ratio used to measure a company's pricing strategy and operating efficiency.

Calculated by:
.

'Pharmaceutical companies'

-- the 'Customer Relationship Management' business keeps on

growing successfully on the international scale: +21% of

internal growth and +32% including the MSM MSM - Micronetics Standard MUMPS  group acquired at

the end of September 2002. French activities achieve a

sustained growth of 5%.

-- Services in 'Information and databases' globally increase by

20% (including the CAM group since May 2002). Internal growth

stands at 11% in France and 12% for international activities

(Medimed in Germany clearly overtakes breakeven breakeven

1. The level of output or sales necessary to cover fixed expenses. Companies in industries that have high fixed costs and, consequently, high breakevens, such as automobile and steel manufacturing, are likely to exhibit large fluctuations
).

The 'Direct marketing' activities experience a noticeable decrease over the last quarter, compared to a good year end in 2002.

The computerization com·put·er·ize  
tr.v. com·put·er·ized, com·put·er·iz·ing, com·put·er·iz·es
1. To furnish with a computer or computer system.

2. To enter, process, or store (information) in a computer or system of computers.
 of doctors in the UK falls by 6% in 2003, with a global impact of -14% on the 'Healthcare professionals' division, due to an adverse exchange rate on the sterling pound. However, the margins have been preserved over 2003 and milestones have been established in order to allow an active cooperation, since 2004, with the 'Local Service Providers' in charge of applying the guidance of the computerization programme for Healthcare in the UK.

The French activities (amounting to 60% of the division) rise by 9% globally.

'Electronic money and insurances' activities achieve strong internal growth (+11%). The impact of the PROVAL PROVAL Proteccion de Valores (Guatemala)  group shall be added since April 2003.

Services in 'IT, management and the Internet' grow by 10.6 %, without taking into account the lower margin business.

Public company with share capital of 8,891,004.61 euros

Registered office: 127 a 137 rue d'Aguesseau, 92100 Boulogne Trade and Commercial

Register: Nanterre B 350 422 622
COPYRIGHT 2004 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2004, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Feb 11, 2004
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