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STALLERGENES: Strong Sales Growth in 1st Half-Year: up 12% Full-Year Guidance Maintained
Date:7/15/2009

    ANTONY, France, July 15 /PRNewswire-FirstCall/ --

    Million EUR                   2008     08/07    2009     09/08
                              MEUR %Sales Var.% MEUR %Sales Var.%
    Southern Europe (1)        26.7   71    15  28.5   68     7
    Other EU countries (2)      9.3   24    20  11.4   28    23
    Other markets               2.0    5    47   1.5    4   (23)
    SLIT                       30.3   80    21  33.8   82    12
    SCIT                        6.1   16     7   5.9   14    (3)
    Other products              1.6    4     4   1.7    4     9
    Q2 sales                   38.0  100    18  41.4  100     9
    Southern Europe (1)        64.7   75    15  70.3   72     9
    Other EU countries (2)     18.6   21    18  24.1   25    30
    Other markets               3.7    4    46   3.2    3   (12)
    SLIT                       71.3   82    19  81.0   83    14
    SCIT                       12.3   14     4  12.8   13     4
    Other products              3.4    4     6   3.8    4    10
    H1 sales                   87.0  100    16  97.6  100    12

    (1) Portugal, Spain, France, Italy, Greece; (2) Switzerland included

HY1 sales

2nd quarter growth remained high at 9% (organic* 8%), but slowed down compared with the very strong start of the year. Sales growth over the first half-year remained strong at 12% (organic 11%), reflecting the continuing breakthrough of the sublingual route (+14%), which represented 83% of total sales.

The analysis by geographic region highlights the sharp increase of "Other EU countries" to 30% of sales, primarily due to the successful launch of Oralair(R) and the price increases introduced in Germany, as well as the transfer of the operations to a subsidiary in Switzerland.

Growth was more moderate in Southern Europe (up 9%). In addition to the consequences of weak pollen seasons in 2008, these markets appeared more af
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SOURCE Stallergenes
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