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LeGuide.com Group :RESULTS FOR FIRST HALF OF 2014 Turnover for first half: €21.2m Recurring operating profit: €2.3m Net profit group share: €1.2m

July 29, 2014

Press release Paris, 29 July 2014 RESULTS FOR FIRST HALF OF 2014 Turnover for first half: 21.2m Recurring operating profit: 2.3m Net profit group share: 1.2m Consolidated Income Statement -------------------------------------------------------- M H1 2014 H1 2013 Change* IFRS IFRS -------------------------------------------------------- Net sales 21.2 24.4 -3.2 -------------------------------------------------------- RESOP (Recurring EBIT) 2.3 5.3 ----------------------------------------------- -3.0 % Net sales 11% 22% -------------------------------------------------------- EBIT 2.3 5.2 -2.9 -------------------------------------------------------- Financial Result 0.2 0.1 0.1 -------------------------------------------------------- Net Income before tax 2.5 5.3 -2.8 -------------------------------------------------------- Tax -1.3 -1.8 0.5 -------------------------------------------------------- Net Income - Group share 1.2 3.5 -2.3 -------------------------------------------------------- *Changes are indicated in m (no change in scope or exchange rate) Limited Audit procedures have been completed for the consolidated accounts, certification report is being drawn up. Tension persisted in the first half In a persistently difficult economic context characterised by the continued rollout of Google Shopping, turnover stands at 21.2m, a 3.2m decline. The breakdown for activity was as follows: after a first quarter in steep decline (-2.2m), the second quarter saw improvement with a decline of 0.9m. This performance is related to solid activity in France (LeGuide.com: +0.3m). Ciao's activity is still suffering (-2.0m), but measures taken have wiped out the decline and stabilised the audience, beginning in the second quarter. Operating profit: 2.3m The decline in activity automatically dragged down results in the first half. With operating profit of 2.3m, the group's operating margin came out to 11%, an increase compared to the second half of 2013 (operating profit in second half of 2013: 0.9m, 4% of operating margin). Net Income before Tax is 2.5m and Net Income - Group share is 1.2m. A solid financial structure With 47.5m of shareholders' equity, 29.1m of net cash position at 30 June 2014 and no financial debt, the LeGuide group enjoys a solid financial position. The second half will likely benefit from measures implemented over the last year In operational terms, the LeGuide group continued its aggressive policy of differentiation through innovation: * The launch of the beta version of social shopping site blacklist.me(TM) beta. was well-received by the blogging community; * A well-performing special offer identification system led to a sharp increase in traffic during the sales period; * The launch of "webmarchand mobile" in France on 27 March and in Europe on 18 June bolstered the strong growth of the mobile audience; The group also continued its strategy to diversify its sources of traffic through new partnerships and has been selected by Yahoo ! to provide shopping search results for France, Germany, Spain and Italy. Olivier Sichel, Chairman & CEO of LeGuide group said: "The measures that have been taken should allow the group to return to growth at the end of the year. With the return of growth, we will be able to focus our efforts once again on profitability with the optimisation of our resources and the gradual turnaround of Ciao." Besides, the inquiry procedure of the European Commission against the abuse of dominant position of Google has started a new phase with the sending of the letters of the complainants by the Commission services specifying the corrective actions proposed to date by Google in order to reestablish a fair competitive environment. However, the calendar and impact of definite engagements, if they were to be accepted by the Commission are uncertain at this stage. Next publication: Turnover for Q3 2014 on 16 October 2014 after market close. About LeGuide group, the European shopping guides leader The LeGuide group, provider of shopping guides, price comparison sites, shopping search engines and internet review platforms, is number one in Europe with 15.6 million unique visitors*. The group has a 180-strong workforce and operates in 14 European countries, delivering its multi-site strategy out of several subsidiaries including LeGuide.com, Ciao, dooyoo.com, mercamania.com and choozen.com. The group, which lists 193 million offers from 82,500 merchants, turned over 45.6 M in 2013. The LeGuide.com group has been awarded 'Innovative enterprise' status by the French innovation agency OSEO and is listed on NYSEEuronext Paris's Alternext (tag ALGUI, ISIN code FR0010146092). * Source: Comscore, May 2014 LeGuide Group Olivia Fuchs Christophe de Lylle +00 33 1 75 44 56 34 +33 1 56 88 11 14 finance@LeGuide.comcdelylle@actifin.fr For more information: www.leguidegroup.com Appendix HY1 2014 simplified accounts according to IFRS standards Limited Audit procedures have been completed for the consolidated accounts, certification report is being drawn up. Consolidated Income Statement -------------------------------------------------------- M H1 2014 H1 2013 Change* IFRS IFRS -------------------------------------------------------- Net sales 21.2 24.4 -3.2 -------------------------------------------------------- RESOP (Recurring EBIT) 2.3 5.3 ----------------------------------------------- -3.0 % Net sales 11% 22% -------------------------------------------------------- Acquisition costs 0.0 0.0 Restructuring 0.0 -0.1 -------------------------------------------------------- EBIT 2.3 5.2 -2.9 -------------------------------------------------------- Financial Result 0.2 0.1 0.1 -------------------------------------------------------- Net Income before tax 2.5 5.3 -2.8 -------------------------------------------------------- Tax -1.3 -1.8 0.5 -------------------------------------------------------- Net Income - Group share 1.2 3.5 -2.3 -------------------------------------------------------- *Changes are indicated in m (no change in scope or exchange rate) Consolidated cash flow statement --------------------------------------------------------------------------- M H1 2014 H1 2013 IFRS IFRS --------------------------------------------------------------------------- Gross cash flow 2.1 4.1 --------------------------------------------------------------------------- Changes in working capital 0.3 -1.1 --------------------------------------------------------------------------- Cash generated from operating activities 2.4 3.0 --------------------------------------------------------------------------- Cash used in investing activities -0.3 -0.4 --------------------------------------------------------------------------- Capital increase 0.2 0.2 --------------------------------------------------------------------------- Financial debt decrease 0.0 -0.7 --------------------------------------------------------------------------- Cash used in financial activities 0.2 -0.5 --------------------------------------------------------------------------- NET CASH FROM OPERATING, INVESTING AND FINANCIAL ACTIVITIES 2.3 2.1 --------------------------------------------------------------------------- --------------------------------------------------------------------------- Cash at start of the period 26.7 24.7 --------------------------------------------------------------------------- Cash at end of the period 29.1 26.7 --------------------------------------------------------------------------- Consolidated balance sheet --------------------------------------------------------- M H1 2014 H2 2013 IFRS IFRS --------------------------------------------------------- ASSETS --------------------------------------------------------- Non-Current Assets 18.6 19.0 --------------------------------------------------------- Current Assets 37.9 40.0 --------------------------------------------------------- Including cash and cash equivalents 29.1 26.7 --------------------------------------------------------- TOTAL ASSETS 56.5 59.0 --------------------------------------------------------- --------------------------------------------------------- LIABILITIES --------------------------------------------------------- Shareholders' Equity 47.5 46.0 --------------------------------------------------------- Non-Current Liabilities 0.2 0.1 --------------------------------------------------------- Current Liabilities 8.8 12.8 --------------------------------------------------------- TOTAL LIABILITIES 56.5 59.0 --------------------------------------------------------- Results S1 2014 LG: http://hugin.info/151397/R/1842550/641367.pdf This announcement is distributed by GlobeNewswire on behalf of GlobeNewswire clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein. Source: LeGuide.com Group via GlobeNewswire [HUG#1842550]


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