PRISMAFLEX INTERNATIONAL

Highlights for 2006/2007

• Increase of all group divisions in a buoyant market
• Improved operating margin at 9.2% (vs 8.5% in 2005/06)
• Adverse impact on results following the sale of Vistamount ltd 37% shareholding
• Net debt reduction process carried on with a 0.7 gearing

Consolidated Income Statement (April 1st to March 31st)

Over the period, historical activities (publicity signs, printing and trivision businesses) had good sales trends at 39.57 M€ (+ 11%). Sales of more recently launched divisions (home decor, street furniture, classic signs) were still moving upward at 11.45 M€ (+ 5.3 M€, + 86%).

Operating profit took into account the street furniture division at breakeven (with 6.07 M€ sales). As per the released targets, operating margin was at 9.2 %. Without street furniture, margin would have reached 10.5% (vs 9.1% last year).

Financial result included a 3.6 % decrease of interest payments at 0.79 M€ (vs 0.82 M€ on March 31st, 2006) with negative currency impacts of 0.36 M€ this year against 0.25 M€ positive impacts last year.

Profit before tax at 3.54 M€ increased by 17%. The average tax rate was booked at 39% (33.8% last year).

Prismaflex International sold its 37% shareholding in London based Vistamount ltd. This operation had a 0.55 M€ negative impact on net consolidated result.

With a cash flow at 3.74 M€ (+ 14%) and a 1 M€ limited increase of working capital in a sales steady growth context, cash flow from operations almost doubled at 2.75 M€.

Debts reduction process has carried on over the period with net debt at 11.87 M€ against 13.42 M€ on March 06. Gearing ratio reached 0.7 this year (0.85 on March 06).

Outlook 2007/2008

In 2007/2008 Prismaflex International results should again turn upwards. Sales should amount to 57 M€ (+ 12%) with an operating profit increasing faster than sales improvement.

These targets are supported by:

• The renewal of a home decor contract projecting between 10 to 15 M€ sales over 3 years ;
• Maintained high volumes for street furniture. Prismaflex International has just registered a 3.2 M€ order for delivering series of 8 m2 scrollers to be installed in a large European capital.
• Steady printing activities;
• In total, the order backlog on June 1st 2007, amounted to 20 M€ (vs 13 M€ last year) increasing by 54%.

Prismaflex International results will be commented on June 27th 07 in Paris Hôtel Meurice, 228 rue de Rivoli, Paris 1er at 11.30 am .

Contacts :

PRISMAFLEX INTERNATIONAL
Vincent Bès / Chief Financial Officer - Tel: + 33 4 74 70 68 00 – vbes@prismaflex.com

ACTUS Lyon
Amalia Naveira – Investors relation - Tel: + 33 4 72 18 04 92 - anaveira@actus.fr