Sustained organic revenue growth of 10% in the first quarter of 2007/2008
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(2) • Access, adjusted for the disposal of the Vänersborg site in Sweden and exchange-rate movements, increased revenues by 3.1%. In France, revenues grew by 8.4%. In the UK, however, revenues fell by 1% (excluding exchange-rate effects) due to the scheduled closure of the Shipley site. • Displays revenues, adjusted for the integration of MMM's "On Site" activities in France (acquired in April 2007), grew by 45%4, with most countries making a contribution to growth.. Highlights Revenues in Europe totalled €80m, accounting for 95% of the total. European revenues rose by 14.7% in the first quarter (at constant scope and exchange rates), and the growth outlook is positive. We are continuing to raise our market shares by rolling out our value-added service offering to operators and distributors. Selling prices have stabilised, and are starting to rise, as customers streamline their supplier bases on a pan-European basis.. Financial situation and results Operating profit remained under pressure in the first quarter due to the repositioning of the US business, the closure of the Shipley site in the UK and the conversion of the Malaga site.. About ANOVO: With revenue of €317 million and 5,200 employees, ANOVO is the leading pan-European provider of maintenance and customisation services for the digital technologies used by major Telecommunications and Multimedia companies to deliver Triple Play (Voice/Data/Image) solutions. ANOVO runs more than 21 Centres of Excellence, and handles a high product turnover with an acknowledged level of quality.. ANOVO François Lefebvre CFO Tel: +33 (0)1 58 17 00 81 flefebvre@a-novo.com. 4. Growth rate adjusted for the integration of the French On Site business in April 2007.. WorldReginfo - f5eb2771-0093-4db3-9211-bfb9b0866645. Compartment C of Eurolist by EuronextTM Paris - ISIN: FR0004152593 (shares), FR0000181174 (OCEANE convertible bonds), FR0000341174 (shares with warrants) Bloomberg: NOVO FP, Reuters: ANOV.LN.
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