A word from the President


| 
| The financial year which has just ended confirms what I wrote on this occasion last year. The Group is continuing to expand, despite the ever-present crisis. The 15% growth this year has allowed us to exceed €300m in turnover for the first time. |
This does not, however, prevent us from observing a slight fall in profitability which I believe will be only temporary thanks to the investments made, the professionalism of the teams in the different divisions and their strict respect of the requirements which I would like to underline once again:
- Pragmatism
- Respecting others
- Controlled ambition
This basis should allow the Group to continue its favourable growth in the long term.
Jean Bedouin
President of the Supervisory Board