Information  X 
Enter a valid email address
  Print          More announcements

Thursday 03 July, 2008

2008 financial outlook revised

PR Newswire/Les Echos/
                                                              - Press release -

                     2008 financial outlook revised

Paris, 3 July 2008 – The current slowdown in the French real estate market has
the group to comment on its financial outlook for the current year.

Real estate agents are moving from paper advertising to internet advertising, 
which is
cheaper and more effective, at a slower than expected rate. Contrary to 
expectations, the
weaker performance of the real estate market has resulted in a certain 
stance among clients, particularly in the provinces, creating a slowdown in the
rate of
growth in new clients. However, acceleration in the transferral of advertising 
budgets for
real estate developers (new build market) attests to the effectiveness of online

The second quarter of 2008 confirmed the slowdown in new client wins. So, the 
group is
unlikely to achieve its target of nationwide market share of 70% until after 
2009. Expecting
market conditions to remain unfavourable, the company believes that it is in a 
position to
achieve revenues of €69m to €70m, an increase of 21% to 22% compared to 
compared with its initial guidance of €73m. Consolidated EBITDA is expected to
reach €36m to €37m as opposed to €39m as initially expected. This 
corresponds to
EBITDA margin of 52.2% and 52.8%, an increase of respectively 0.4 to 1 
point compared with 1.5 percentage points announced previously.

In terms of competition, is continuing to strengthen its position as
market leader in online real estate services. The number of unique visitors to 
the group's
websites reached a new record of 1.8 million in May 2008, with time spent of 23

(source: Mediametrie/Netratings). The group's five main competitors represented
46% of its
audience share.

              Audience share = unique visitors x time spent on websites


The group remains confident about the effectiveness of its business
the relevance of its range of products and services for real estate 
professionals and its
ability to continue with its strategy of developing in the entire the real 
estate sector.

                                   Forthcoming event:
               First-half 2008 results: 30 July 2008 (after market close)


The group is France's leading online real estate player, with 
websites and services aimed at
internet users and real estate professionals.
It has become France's benchmark online marketplace for real estate classified 
ads with its two leading sites and
The group gives internet users access to France's most extensive range of 
classified real estate ads, with
more than 1.9 million ads. It also gives real estate professionals the largest 
platform in the market, with an
audience consisting of more than 1.8 million unique visitors (source: 
Mediametrie//Netratings May 2008) and
an exclusive distribution network.'s business model is based on a range of services based around online
classified real estate
ads. The company plans to maintain its rapid growth strategy, which focuses on 
four main areas:

  - continuing to win new estate agent customers, in both Paris and the Regions;
  - improving its range of products and services for real estate professionals;
  - introducing innovative new services for individuals planning a real estate 
  - making selective acquisitions. has been listed on Euronext Paris (compartment B) since 30 November
2006 and is part of the
following indexes: SBF 250, CAC SMALL 90, CAT IT and Euronext 100.
ISIN code: FR0010294595

+33 1 53 38 29 00
Laurence Bégonin Maury
[email protected]
Blandine Lazennec
[email protected]


The content and accuracy of news releases published on this site and/or 
distributed by PR Newswire or its partners are the sole responsibility of the 
originating company or organisation. Whilst every effort is made to ensure the 
accuracy of our services, such releases are not actively monitored or reviewed 
by PR Newswire or its partners and under no circumstances shall PR Newswire or 
its partners be liable for any loss or damage resulting from the use of such 
information. All information should be checked prior to publication.


a d v e r t i s e m e n t