FIMALAC
Paris : FIM

July 22, 2011 12:19 ET

FIMALAC : Third Quater 2011 Financial Information

PARIS, FRANCE--(Marketwire - Jul 22, 2011) -



NINE-MONTH REVENUE: UP 11.9% LIKE-FOR-LIKE* UP 16.4% AS REPORTED


*


Fitch Ratings' revenue continued to grow strongly in the third quarter of fiscal 2011 (April 1 to June 30, 2011), gaining 14.4% like-for-like to EUR137.7 million ($197.7 million), compared with EUR127.5 million ($161.8 million) in third- quarter 2010.

After enjoying like-for-like growth of 21.3% in the first half, Algorithmics reported third quarter revenue of EUR30.8 million ($44.4 million), down 0.3% like- for-like from EUR33.6 million ($43.1 million) in the year-earlier period.

Fimalac's consolidated revenue amounted to EUR174.3 million in third- quarter fiscal 2011, up 11.4% like-for-like and 8.2% as reported from EUR161.1 million in third-quarter fiscal 2010.

*


--------------------------------------------------------------------------- ----- October 2009 to October 2010 to % change % change (in EUR millions) June 2010 June 2011 (reported) (like- for- like)*

--------------------------------------------------------------------------- -----


Fitch Ratings 357.5 401.5 + 12.3% + 11.7%

Algorithmics 85.7 96.8 + 13.0% + 12.8% ------------------------------------------------------- ----- Fitch Group 443.2 498.3 + 12.4% + 11.9%



Other (__) 17.5 N/A N/A


------------------------------------------------------- -----

+----------+ +--------- ----+ Consolidated revenue 443.2 515.8| + 16.4% | | + 11.9% | +----------+ +--------- ----+

--------------------------------------------------------------------------- -----

*Based on a comparable scope of consolidation and at constant exchange rates

For the first nine months of fiscal 2011 (October 1, 2010 to June 30, 2011), Fitch Ratings' revenue came to $557.3 million, compared with $490.6 million in the prior-year period, representing a like-for-like increase of 11.7%. Algorithmics' revenue for the first nine months grew 12.8% like-for- like, amounting to $134.4 million versus $117.6 million in fiscal 2010.

Fimalac's consolidated revenue also includes EUR17.5 million in revenue from Vega, which was acquired in November 2010. For the first nine months, consolidated revenue rose by 11.9% like-for-like and by 16.4% as reported.

*


Recent significant investments include the March 4 acquisition by Fimalac Développement of 40% of Groupe Lucien Barrière for EUR186 million. Since the associate is accounted for using the equity method, its revenue is not included in Fimalac's consolidated revenue.



CA3T11A: http://hugin.info/143461/R/1532889/466859.pdf




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Source: FIMALAC via Thomson Reuters ONE

[HUG#1532889]

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