Regulated Communication - Interim business progress report for May 12, 2011

Confirmation of the 2011 guidance

Taking into account the level of activity at the start of 2011, Zetes confirms its guidance for 2011, namely a continuation  of the strong  performance seen in 2010. 
In Goods ID, customers in search of a competitive advantage and to improve the quality of their supply chain are continuing to make  investments. As predicted, the growth pace is, nevertheless, slower than in the second half of 2010. The retail, pharmaceutical and postal sectors remain the strongest.

In People ID ,the long-term contracts for the production of secure documents and the execution of service contracts in the Democratic Republic of Congo are the main drivers of the division’s revenue. The Group’s business development activities are forging ahead, especially in Africa.

At the beginning of the year, Zetes made two acquisitions that will not have a major impact on the 2011 turnover of the Group. Print & Apply specialist anvos brings its competencies and experience to Zetes in Germany in a domain, where the Group has a strong foothold. Zetes also reinforced its position in Italy, adding expertise to its subsidiary in Milan through the integration of teams based in Genoa and Torino. Other opportunities for acquisitions, either technological or geographical, are currently being examined.     

In summary, at the end of June 2011, the expected company growth will equal approximately 20% of the revenue and more than 40% of  EBITDA, as compared to the first half of 2010. The positive figures are a significant step towards repeating the performance of the past year  in 2011.

Finally, Zetes announces that it has appointed the company Petercam as a liquidity provider in order to ensure the liquidity of its stock on Euronext. 

Joke Aerts
+32 (0) 473.55.80.60