MAESA : First-half revenues up 12,4% to 25 million euros

Press release

First-half revenues up 12,4% to €25 million, Forecast maintained for stable annual revenuesLevallois-Perret, September 5th, 2011

The Maesa group is reporting €24,950,000 in first-half revenues, up 12.4% (+16.6% at constant exchange rates), reflecting the still very dynamic level of business in the US, combined with more moderate growth in Europe. Following a 14% contraction in first-quarter revenues (not significant due to the activity's clear seasonality), the second quarter's growth reflects the higher percentage of key accounts in the client portfolio, which has resulted in orders being taken and deliveries made earlier in the year. In this way, the group is maintaining its forecasts for revenues to be stable over the year.

In thousand euros	2010	2011	change	Change on a constant exchange rate basis
1st half revenues	22,189	24,950	+12,4%	+16,6%
- Of which Europe and Asia	8,695	8,371	-3,7%	-3,7%
- Of which North America	13,494	16,579	+22,9%	+29,8%

The breakdown of revenues between the three divisions is as follows: Home: €4.8 million (-39%)

Beauty: €10.5 million (+66%) Packaging: €9.6 million (+21%)

In Europe, the slight drop in revenues stems primarily from the downturn in sales for the Home division, particularly on the automotive segment. However, the Beauty division has continued to see commercial successes, including Spain and the UK. The Packaging division is continuing to develop, underpinned by the innovative offering and know-how of the American teams in particular.

In the US, the business is continuing to grow at a sustained rate, with the renewal and expansion of ranges for key accounts, in addition to new accounts being brought on board. Benefiting from a positive image and truly international scale, the Group is being invited to bid for contracts which it was not able to access previously.

The Group's performances, on both a creative and a managerial level, were recognized during the first half of this year with some prestigious awards, including the Fifi award (Jonathan Adler) for best home fragrance collection in 2011, the HBA International Package Award (Benefit) and the European Business Awards, for which Maesa has now received the coveted "Ruban d’Honneur", making it eligible for the competition's final phase.

Over the full year, Maesa expects revenues to be virtually equivalent to last year, with an increase in profitability thanks to better margins and strict control over fixed costs.

Next date : October 24th, 2011 – 1st half earnings and Q3 revenues

About the Maesa Group

The Maesa Group is the fastest growing and most comprehensive resource for “Beauty on Demand” products and services. With branches in Paris, New York, Los Angeles and Dongguan, Maesa maintains a global footprint with three divisions:

Designs and manufactures turnkey beauty products for leading retailers and brands.

Designs and manufactures turnkey home fragrance products for leading retailers and brands.

Designs, engineers and manufactures creative packaging components and promotional products for the beauty industry.

All three divisions provide innovative Creative Beauty Solutions to retailers and beauty brands. The group is supplied by Maesa owned worldwide manufacturing resources as well as world renowned branding and design group, Maesa Studio. Maesa is listed since February 2006 on NYSE Euronext - Alternext Paris (FR0010288894 – ALMAE)

www.maesa.com

Contacts
Calyptus MAESA	Mathieu Calleux Sophie Thiolas	[phone] [phone]	[e-mail] [e-mail]