Accounts midterm

Half Year. LaCie today to issue accounts to the midpoint of its 2007-2008 fiscal year with a content mixed. From the side of billings, the evolution is well aligned with organic growth of 24%. Despite an increase in competition in the entry level market, the company managed to significantly improve its positions thanks to the many launches that have been made. In detail, it is Europe that builds sales while the United States is falling behind. It is at the level of profitability that the account seems a little fair. The operating margin is reduced slightly with the effect of a lesser weight of high value-added products in the composition of sales.

Archos. The investment made in Archos has resulted in a depreciation of 2 million euros following the decline in the manufacturer of mobile devices. Regarding the coming months, LaCie indicates that the price war with its major competitors has become even more pronounced this is not likely to facilitate the process of raising profitability. The firm headed by Philippe Spruch intends to continue its active policy in terms of innovation and it also aims to redeploy commercially in the United States which should help to boost sales. Estimates are not made public on the whole of the current year.

Mastery. In a context not obvious to manage, LaCie preserves accounts fairly solid while its net cash position remains largely positive. Investors, however, showed their caution on this issue with a valuation which is hardly demanding to 9 times estimated profits in the current period. For several months, the context is morose on the mean values with a feed salesman who continues to undermine most of the records in question. Patience is a virtue essential on this segment of the document because it is necessary to wait until the current fears are lifted before seeing investors finally be seen. LaCie Concerning in particular, we are in favour of retaining the record in a medium term