First quarter turnover in 2002: up 8%
Good results in value-added activities

On a like-for-like basis, group performance remains stable. The results nevertheless reflect a qualitative improvement in the make-up of the portfolio of activities. This first quarter confirmed the good performance of value-added activities, particularly as concerns our international subsidiaries, which grew by 11%.
Evialis continues to put in place its new organisation, particularly in France, where a dedicated entity has been set up for “Consumer” activities with a view to accelerating their development. These activities are managed by a consumer market specialist, who recently joined the group.
These two factors offset the automatic impact of the sale of the SIPRA, which took place at the beginning of the year, and the difficulties encountered by the poultry sector during this period.
Outlook

This increase in business confirms the pertinence of the strategy deployed by the group in two areas: to strengthen its positions in value-added products and consolidate its standard activities. This upturn also increases the group’s resilience to a difficult external environment and so improves its risk profile.
In view of these factors, the group expects to reach its objectives.
The annual general meeting convened to approve the accounts of 2001 will be held on 22 May in Paris.
