LAPEYRE GROUP FIRST-QUARTER 2002 CONSOLIDATED SALES UP 5.6% ON A COMPARABLE STRUCTURE

Lapeyre Group consolidated sales amounted to Euros 313.5 million in the first three months of 2002, down 9.2% from the prior-year period. This decline results from the disposal of Group businesses already carried out or in progress. On a comparable structure, sales increased by 5.6%.

Sales in Euros millions 2002 Pro forma
2001*
%
change
Reported
2001
Sales to consumers and contractors (B2C) 290.5 271.4 7.0% 273.0
  France 244.4 229.7 6.4% 229.7
  International 46.1 41.7 10.5% 43.3
Sales to wholesalers and building materials
suppliers (B2B)
23.0 25.5 -9.7% 72.3
Total Lapeyre Group 313.5 296.9 5.6% 345.3

* 2001 pro forma sales are based on the 2002 scope of consolidation, following the disposal of B2B businesses in Germany, the disposal of businesses in the process of being sold in France and Belgium (Oxxo, Les Zelles, Menuipose, Sofiplas), and the closing of the B2C subsidiary in Spain.


April 24th, 2002