A NOVO

Sales revenue in the 3rd quarter 2007/2008 went up by 21.3% to €86.6M compared to last year’s €71.4M (+27.9% at equivalent exchange rate). Excluding the impact of spare parts costs, growth is at 13.6%

In accordance to the IFRS5 standard, the sales revenue does not take into account discontinued activities, i.e. the assembly plant in Malaga and the United States.

The sales revenue progression by Strategic Business Area (SBA) is as follows*:

The Mobility SBA continues its growth acceleration, sustained not only by our positioning with leading Operators such as ORANGE, TELEFONICA, O2 or TELIA, and Manufacturers such as NOKIA, SONY ERICSSON, LG or SAMSUNG, but also by the deployment of value-added services (logistics hubs, regeneration,…).

The growth in the Access SBA is more modest but nevertheless strong, sustained by the development of ADSL and Triple Play set-top boxes. However, growth in Italy was slowed down by quality problems concerning SKY that have since been resolved.

The Multimedia SBA continues to grow, as well, with the ramp-up of new contracts, in particular with Retailers such as MEDIAMARKT, in Sweden, or EXPERT, in Italy (service extension, logistics hubs …).

As a whole, the 3rd quarter has been marked by:

• the signature of a 5-year pan-European contract with SAGEM Mobiles and the acquisition of the Montauban plant,
• CANAL+ who has decided to award the tender for its new digital products to a competitor who made a better offer,
• the re-organisation of the On-site activity in France with increased subcontracting in order to maintain profit margin,
• a deterioration in our interest rate hedging covering the variable rate loan due to the inversion of the interest rate curve,

The accumulated effects of these elements are not expected to have a negative impact on the results. The details will be given during the presentation of the annual results on November 20th 2008. We therefore confirm, for the entire financial year, a sales revenue above €340M and an EBITA (operating result before amortisation of goodwill) above €7M.

* The Group presents henceforth its financial results based on three main Strategic Business Areas (SBA): the Mobility SBA for mobile phones and other smart phones, the Access SBA for set-top boxes and other means of network access, the Multimedia SBA for PCs, monitors and other flat screen displays.

About ANOVO: With revenue of €317 million and 5,200 employees (2006/2007), ANOVO is the leading pan-European provider of maintenance and customisation services for the digital technologies used by major Telecommunications and Multimedia companies to deliver Triple Play (Voice/Data/Image) solutions. ANOVO has more than 20 Centres of Excellence, and handles a high product turnover with an acknowledged level of quality. For more information, please visit our website www.a-novo.com.

Compartment C of Eurolistby EuronextTM Paris - ISIN: FR0004152593 (shares),
FR0000181174 (OCEANE convertible bonds)
Bloomberg: NOVO FP, Reuters: ANOV.LN


Contact:
Marc Thoumyre, Communication
Tel. : +33 (0)1 58 17 00 88